Specialists across the insurance industry have voiced their concerns about the potential for a build-up of legionella bacteria in buildings left empty over lockdown.
British-based corporations are already finding it harder to access insurance coverage because of the effects of climate change, Marsh & McLennan’s director of climate resilience told risk managers on Tuesday.
John Ludlow, CEO of risk manager association Airmic, is expected to step down in early 2021.
The impact of Covid-19 on the cruise ship industry has been graphically displayed recently on social media with the first vessels being run up the beaches in Turkey in preparation for recycling. Ian Butterworth, Forum of Insurance Lawyers member and solicitor at Thomas Miller Law, considers the impact of cruise ships decommissioning on the insurance industry and the environment.
Infectious disease is now the second main concern for business executives globally, jumping 28 places from its ranking in 2019 in the wake of the Covid-19 pandemic, according to the World Economic Forum’s interactive map on Regional Risks for Doing Business 2020.
As trusted advisors providing access to high quality risk management resources brokers can help clients meet the challenges that lie ahead and should be in contact with insurers as early as possible to review cost and cover options, says Aviva’s chief distribution officer Phil Bayles.
The coronavirus pandemic has underscored the need for the organisers of events like the postponed Tokyo Olympics and risk managers in general to give serious consideration to every item in their risk registers, a research team at Willis Towers Watson has said.
Work to create a vehicle for dealing with catastrophic and systemic risks in the wake of the coronavirus pandemic must take into account the full spectrum of risks capable of causing comparable levels of disruption, prominent industry figures said on Thursday.
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Motor #vehicle crashes are the leading cause of death among #teens. Here are some factors that contribute to this high rate and programs in place to help mitigate teen driving #risks. https://t.co/aiFteCfdSr #TeenDriversSafetyWeek #AutoSafety pic.twitter.com/uhtfGlfQws— Insurance Information Institute (@iiiorg) October 19, 2020
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