Business interruption
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.
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
M&S attack proves public-private cyber risk pool is required
Editor’s View: The cyber attack against M&S shows insurance alone can’t swoop in to save the day when cyber criminals attack major retailers, so the government must partner with providers now to ensure national resilience, argues Emma Ann Hughes.
Cyber events halt 1 in 7 businesses for at least a day
One in seven businesses have lost a day or more to a cyber event in the last 12 months, according to global research for commercial insurer QBE.
Ransomware ban could lead to higher claim costs
The government’s proposed ban on ransomware payments is “well intentioned” but lacks “nuance”, according to Tom Egglestone, head of international claims at Resilience.
Zurich expands SME proposition to online retailers
Zurich has expanded its commercial combined offering to include coverage for SME online retailers, Insurance Post can reveal.
What lessons should the industry learn from retail cyber attacks?
Following several high-profile cyber attacks against retail businesses in recent months, figures throughout the insurance industry have highlighted the importance of comprehensive risk management, alongside robust cyber cover.
Recent power cuts highlight coverage disparities
Recent high-profile power outages demonstrate the importance of policyholders ensuring the cover they have in place is fit for their business’s purposes, Fenchurch Law managing partner Joanna Grant has told Post.
Ardonagh’s rebrand; Google Cloud’s expansion; Insure Your Paws’ product
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Quarterly weather damage claims payouts hit record £200m
In the first quarter of this year, claims for weather-related damage to people’s homes and possessions topped £200m for the first time ever, according to data from the Association of British Insurers.
Howden hits back at £20m lawsuit
Howden has hit back at a £20m lawsuit brought against it by a luxury hotel group, calling it “the product of hindsight” and arguing it “lacks any proper foundation in fact or law”.
Throwback Thursday: Strikes impact Post
Insurance Post’s Throwback Thursday steps back in time to April 1980 to remind you what was going on this week in insurance history when our publication was lighter than usual on news due to the printing industry going on strike.
Brown & Brown buys broker; Crif and Crawford collab, Atec hire
Weekly Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Trump’s tariffs impact on insurance laid bare
The introduction of US president Donald Trump’s tariffs on Wednesday (9 April) will increase the cost of claims, particularly in motor and home insurance, experts have warned.
Heathrow blaze sees insurers brace for claims
A fire at a substation near Heathrow airport this morning (21 March) has left more than 1000 flights cancelled, meaning insurers are prepping for an influx of claims.
Hiscox offers update on plan for genAI underwriting
Hiscox and Google Cloud have shared plans to introduce generative artificial underwriting to more lines of business and explained what it took to get it working last year for terrorism cover.
Throwback Thursday: CU & GA’s vow; Beazley’s hoax cover
Insurance Post’s Throwback Thursday steps back in time to March 1998 to remind you what was going on this week in insurance history when Commercial Union and General Accident were making promises, and bomb threat cover was created.