UK Business Interruption Test Case to Get Fast-Track Appeal at Supreme Court October 5, 2020 By Kirstin Ridley and Carolyn Cohn A test case brought by Britain’s markets regulator against some of the world’s biggest insurers will jump straight to the...
Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study October 1, 2020 By Alexandre Rajbhandari Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases...
UK COVID-19 Insurance Dispute Could Be Heading to Supreme Court as Talks Falter October 1, 2020 By Kirstin Ridley and Carolyn Cohn Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to...
COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks September 30, 2020 By L.S. Howard Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing...
Update: UK Regulator Files Expedited Appeal in Business Interruption Test Case September 29, 2020 By Huw Jones and Carolyn Cohn Britain’s financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror September 21, 2020 By L.S. Howard Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons,...
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals September 18, 2020 By Susanne Sclafane Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat September 17, 2020 By L.S. Howard The top emerging litigation risk identified for the year ahead is PFAS, the so-called “forever chemicals” used in a wide...
UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling September 16, 2020 By Kirstin Ridley and Carolyn Cohn LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him...