When Lights Go Out as They Did in Texas, Insurance Coverage Could Turn On March 26, 2021 By Rhonda D. Orin and Daniel J. Healy The power was still off in Texas last month when rating agencies began predicting that the weather-related catastrophe would cause...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble March 11, 2021 By L.S. Howard See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of...
Irish Regulator Presses Insurers to Pay COVID-19 Claims Following Court Ruling February 12, 2021 By Padraic Halpin Ireland’s central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz January 27, 2021 There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according...
S. Africa Insurer Santam Begins Processing 4,000 Business Interruption Claims January 25, 2021 By Promit Mukherjee JOHANNESBURG— South African insurer Santam Ltd. said on Monday it will start processing business interruption claims for all commercial policies...
British Columbia’s New COVID-19 Restrictions Disrupt Construction Projects January 6, 2021 By Nia Williams CALGARY, Alberta – Restrictions imposed by British Columbia to fight the spread of COVID-19 infections after the holiday break have...
Insurers Winning Most, But Not All, COVID-19 Business Interruption Lawsuits November 30, 2020 By Jef Feeley and Katherine Chiglinsky In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen...
P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues November 9, 2020 Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face...
Pennsylvania Judge Allows COVID Business Loss Suit Against Lloyd’s to Advance October 30, 2020 By Andrew G. Simpson Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...