S. Africa Insurer Santam Loses Appeal in COVID-19 Business Income Case With Hotelier October 7, 2021 JOHANNESBURG – South Africa’s Supreme Court of Appeal has ruled Santam is liable to cover the impact of COVID-19 restrictions...
UK COVID-19 Business Insurance Payouts Top One Billion Pounds September 16, 2021 Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received...
Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First August 25, 2021 By James Harrison COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset...
Ruling Against Dentist’s COVID Business Interruption Could Be Key Win for Insurers August 4, 2021 By Jim Sams A federal appellate court ruling that dismissed a dental practice’s COVID-19 business interruption claim might be the beginning of the...
Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim July 20, 2021 By Todd Gillespie Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it...
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...
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses June 28, 2021 Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government’s COVID-19...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...
We Can Work It Out: Negotiations Likely on COVID-19 Reinsurance Losses June 11, 2021 By Susanne Sclafane Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners June 10, 2021 By L.S. Howard AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage...