Business interruption
The Cypriot fall out from Vassiliko
In July Cyprus saw its largest insurance loss caused by man and despite doubts as to its quality the insurance industry stood tall according to Konstantinos Dekatris.
Law report: Environcom appeal rejected over disclosure dispute
This law report has been contributed by national law firm Berrymans Lace Mawer.
Insurance Insight weekly update live - 28 October
Insurance Insight's weekly update is live with an article on Pan-European and Global business interruption cover; and a View from the Top on how insurers must be as global as the firms they work with.
Pan-European and global business interruption cover
As businesses become increasingly global Roger Potts explains that brokers must make sure their knowledge of their clients is detailed enough to ensure the correct business interruption cover is in place should the worst happen.
Japan - Post-earthquake: Aftershocks of the earthquake
New insurance legislation in Japan is set to be extensively tested six months after the devastating earthquake and tsunami that hit the country.
From the archives - 9/11 Terrorism: Ten years later...
A decade has passed since the attacks on the World Trade Center in New York. How has the market for terrorism policies responded and recovered in that time?
Business interruption - recessionary impact: Predicting the unpredictable
An uncertain economic climate is making the quantification of business interruption claims even more problematic. Tony Levitt explains.
Sterling: policy excesses to be reclaimed from police
Sterling Insurance has said it will not deduct policy excesses from riot claims and will reclaim the full costs from the police on behalf of policyholders.
Riot Act: pressure mounts for repeal as police cost burden deepens
Prime Minister David Cameron’s announcement that those suffering losses as a result of the recent outbreaks of violence, destruction and looting across England will have 42 days — rather than the 14 prescribed by statute — to claim compensation from the…
Riot update - Legal implications: Rioters without a cause?
The dust may now be settling on the riots across England, but the debate about legal implications for the insurance market will continue to rage on. Ros Jones and Alex Booth assess the main coverage issues from the perspective of insurers, reinsurers and…
Bournemouth's streets cracked by floods
More than 60mm of rain fell in Bournemouth between 6am and midday on Thursday last week, and the average rainfall for the whole of August is less than 54mm, according to GAB Robins.
Cutting down on carbon – mitigating the effects of climate change.
Climate has a profound impact on property-related assets and as scientific evidence of a change in climate becomes more compelling Dr Cliff Warman asks how prepared the European insurance industry is now and for the future.
Impact of UK riots should not affect insurer ratings
Insurers have been reassured that the ongoing riots being carried out across the UK should have no impact on company ratings.
London riots could cost industry “several tens of millions of pounds”
Damage from the London riots will cost insurers “a lot of money”, Alister Jupp, major loss London director at Cunningham Lindsey has told Post.
Allianz beats Aviva and Zurich in resort deal
Allianz Commercial has landed a £200 000 three-year deal with a luxury spa resort and golf club that hosted the Ryder Cup last year.
JLT warns pharma firms of non-damage risks
Broker JLT claims regulatory fears, intellectual property risks and counterfeiting are driving demand for its EPIC non-damage business interruption product developed for the life science and pharmaceuticals market
Commercial property - Business interruption: Dealing with disruption
Deficiencies in business interruption policies have long been a source of debate, but what can be done to improve them, asks Veronica Cowan.
Eurotunnel confident of Aon settlement after claim withdrawn
Eurostar and SNCF, its majority shareholder, have withdrawn the claim they have been pursuing against Eurotunnel’s insurers for the past two years.
Insurers in the dark over E-coli outbreak
A Lockton broker has warned insurers remain in the dark over their exposure to a widespread E-coli outbreak that has killed at least 22 people and left hundreds seriously ill.
Cyber risks - Liability update: Privacy policed
Public and political awareness of cyber risks is on the rise as high-profile cases hit the headlines. Patrick Hill and Hans Allnutt review the effectiveness of existing cover options and detail unconventional developments.
Airmic 2011: Global insurance compliance is fastest-rising concern
The compliance of global insurance programmes is the fastest-rising concern amongst Airmic members, according to the result of the risk management association’s latest survey, ranking second only to reputational risk as their main worry.
Airmic 2011: Property rates to remain static, says Willis
The cost of commercial property and business interruption cover remains at an historic low, the latest Airmic-Advisen benchmarking survey of 135 Airmic members has found.
Cyber liability - Iberian peninsula
European firms are increasingly being targeted by cyber criminals but there is no ‘one size fits all’ solution to legislation to protect the customer. Paul Skinner examines what firms need to do to ensure they have adequate risk mitigation and loss…
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.