Insurance Commissioner Urges Flexibility After Attacks Knocked Out Power in NC December 7, 2022 North Carolina’s insurance commissioner has asked insurers to give policyholders affected by power outages grace periods on paying premiums and...
Central Japan Water Leak Threatens Operations at Auto, Power Companies May 18, 2022 A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production center...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
Proposed Bill Allowing Rider for Pandemic BI Coverage Moves Forward in New Jersey June 11, 2021 By Elizabeth Blosfield A New Jersey bill that would allow business interruption insurers in the state to add a rider for virus and...
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...
Texas Bill Would Mandate Business Interruption Cover for Pandemic Losses February 10, 2021 A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249,...
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...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln September 30, 2020 Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT...
Bid to Force Interruption Insurance to Cover Virus Pulled from Louisiana Bill May 14, 2020 By Melinda Deslatte Louisiana lawmakers won’t try to force business interruption insurance policies to cover the widespread closures caused by the COVID-19 pandemic....
Florida Dive Shop Alleges Insurer Breach of Contract, Bad Faith in BI Denial Suit April 22, 2020 By Amy O'Connor A dive shop in South Florida is one of the first businesses in the state to file suit against its...