Business interruption
Dual moves to insure developers’ biodiversity liabilities
The UK could act as a proving ground for insuring ‘natural capital’, Dual’s Simon White has said following the MGA’s launch of a product designed to help developers meet biodiversity net gain obligations.
Commercial insurance market shrinks as trades grow
A decade of mergers, exits and product withdrawals has reduced provider and product numbers across most commercial insurance segments with the exception of tradesman and professions, which are now driving the only area of growth.
Fore! Golf boom drives up risks on and off the fairway
With more people teeing off than ever, David Worsfold examines how golf’s quiet fairways conceal growing exposures and gets to grips with the widening gap in the insurance cover many players and clubs rely on.
Marsh hit with £85m negligence claim by pub giant
The UK’s largest pub company, Stonegate, is suing Marsh over cover the broker arranged for the group that allegedly left many of its establishments without business interruption insurance at the height of the Covid-19 pandemic.
FCA CEO warns UK ‘massively under-insuring’ against cyber threats
Financial Conduct Authority CEO Nikhil Rathi has warned of mass underinsurance against catastrophe and hostile cyber threats, highlighting the wide-ranging economic impact of such attacks.
Jaguar Land Rover hack now ‘costliest in UK history’
The Cyber Monitoring Centre has categorised the recent malicious cyber incident affecting Jaguar Land Rover as “the most economically damaging cyber event to hit the UK”.
Marsh and Allianz lead winners at CII Exam Awards
This year’s Chartered Insurance Institute Apprenticeship Awards and Qualification Prizegiving saw several major insurance groups collect multiple honours.
Aviva acts to close business interruption protection gap
Aviva is applying an automatic uplift to a 24-month business interruption indemnity period for policies issued through its Fast Trade platform in order to tackle underinsurance.
Business interruption insurance after Covid-19
How has business interruption insurance changed since the pandemic – and whether the lessons of Covid-19 are really being applied today – is the focus of the latest Insurance Post Podcast.
Oxford University colleges sue Aviva for Covid losses
29 colleges and halls of the University of Oxford are suing Aviva for losses suffered during the Covid-19 pandemic.
Handling film production claims caused by climate change
Extreme weather is forcing film and television productions, insurers and loss adjusters to rethink cover limits for climate-related disruptions, according to Marion Jones, director of Spotlite Claims.
Wedding venue’s Covid fight with RSA drags on
A Devon wedding venue’s dispute with its insurer RSA is still rumbling on more than five years after the first government Covid restrictions were put in place, and more than eight months after the complaint it lodged with the Financial Ombudsman Service…
Brewis leaves FCA for KPMG
Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.
Ransomware ban could increase ‘administrative burden’ on victims
Tom Draper, managing director, UK, at Coalition, has told Insurance Post the insurance industry has a role to play in guiding firms through cyber requirements of the government’s proposed ransomware payment ban.
Courtroom verdict could give policyholders larger Covid payouts
The High Court has ruled that policyholders with multiple premises are able to claim with separate limits of indemnity at each premises with regard to Covid business interruption claims.
How cyber insurers are stepping up after M&S attack
How insurers and corporates are reassessing their exposure models and IT risk appetite because of the growing threat of ransomware plus attacks on the likes of M&S plus Co-op is examined by Edmund Tirbutt.
Zurich seeks consistent guidance at lift safety summit
Zurich Engineering is joining forces with a host of major players in lift and escalator safety to push for consistent and standardise reporting to reduce the number of people who get stuck in lifts every year.
Supreme Court to decide if insurers can keep furlough ‘windfall’
The Supreme Court has granted policyholders permission to appeal the issue of furlough payments in relation to Covid-era business interruption claims.
Art of the M&A insurance deal
With mergers and acquisitions hitting delays, or even collapsing, due to cyber security vulnerabilities, Tim Evershed examines how M&A insurance works and digs deep into the risk management advice insurers are giving plus deal makers to prevent data loss.
Cyber-attacks on the high street: where do liabilities lie?
Joel Leigh and Elizabeth Morley, partners at law firm Howard Kennedy LLP, explore the wide-ranging legal, regulatory and insurance implications of recent high-profile cyber-attacks on UK retailers including M&S and Co-op.
McGill’s battery cover; Aviva’s mid-market enhancement; Kennedy’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.