Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO January 29, 2021 By Susanne Sclafane During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in...
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...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims January 15, 2021 By Kirstin Ridley and Carolyn Cohn Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts...
Courts Allow COVID-19 Claims by Insureds With Policy Endorsements for Diseases January 12, 2021 By Jim Sams While insurers continue to win four out of five cases in early rounds, in the past month two property owners...
UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15 January 12, 2021 The UK Supreme Court will on Friday hand down a judgment in a test case pitting the country’s markets regulator...
COVID-19 Business Interruption Rulings, Most Favoring Insurers, Moving to Appeals January 6, 2021 By Jim Sams A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts. Appeals...
South African Insurer Santam Accepts Liability for Some Rejected COVID-19 Claims January 4, 2021 JOHANNESBURG – South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments...
Insurance Journal’s Most Noteworthy Topics of 2020: International December 29, 2020 By L.S. Howard COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance...
Judgment in UK COVID Business Interruption Appeal Will Be Handed Down in January December 18, 2020 By Carolyn Cohn LONDON – There will be no judgment in an appeal over business interruption insurance this year, Britain’s markets watchdog said...
S. African Insurer Guardrisk Will Not Challenge Court Ruling on COVID-19 Claims December 18, 2020 JOHANNESBURG – South African insurer Guardrisk will not further challenge a court process that has found it liable to pay...