The UK’s insurance industry “has welcomed Prime Minister David Cameron’s announcement that the Riot Act police compensation schemes will operate as normal and has promised to use its expertise to help the government and police authorities implement the scheme,” according …
“Most of the events cancelled were due to the police being need elsewhere,” said Simon Lyons, contingency underwriter at London-based Sportscover Europe Ltd. He explained that football (soccer) matches, unlike most concerts and other special events, normally require a contingent …
Along with its recap of the applicable provisions of UK law covering damages caused by riots, the Association of British Insurers also issued a special letter to business owners. The ABI expressed its sympathy for those “who have suffered damage …
Sony Corp said on Tuesday deliveries in Britain of compact discs and DVDs could be affected after a fire hit its sole warehouse for content products in the country. The fire in the insured three-storey, 20,000 square meter warehouse was …
The Association of British Insurers has issued a set of guidelines and an explanation of the insurance coverage incident to the recent riots in London and other UK cities. The ABI estimates that insured losses and damage suffered by individuals …
A wave of violence and looting raged across London and spread to three other major British cities on Tuesday, as authorities struggled to contain the country’s worst unrest since race riots set the capital ablaze in the 1980’s. In London, …
Nick Starling, Director of General Insurance and Health, of the Association of British Insurers, issued the following statement following the third night of rioting, looting and the massive destruction of property in London. “We have every sympathy for residents and …
Companies operating in politically volatile regions of the world may soon find they are “unable to retain sufficient insurance coverage to protect their assets and staff,” according to a new report by global insurance broker, Willis Group. The report also …
South Korea’s Hanjin Shipping was re-routing some of its container vessels due to the unrest in Egypt that has disrupted dry-dock operations at several ports, its chief executive said on Tuesday. Seaborne traffic through Egypt’s Suez Canal continued to run …
According to Aon’s 18th annual Political Risk Map , while the “world economy is broadly on the road to recovery, the level of political risk has risen in more countries than it has declined.” Aon’s Risk Solutions, its global risk …
