A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is...
Insurers unable to tally up true cost of Ukraine war
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
Article / 1 year ago
Impact of UK virus insurance test case may go beyond pandemic claims
Though the Supreme Court's ruling in the business interruption dispute...
Though the Supreme Court's ruling in the business interruption dispute...
Article / 3 years ago
Europe's top reinsurers more optimistic on COVID-19 claims as pace slows in Q3
More pandemic-related claims are expected, but some CEOs say they have...
More pandemic-related claims are expected, but some CEOs say they have...
Article / 3 years ago
Europe is COVID-19 interruption claims 'hotspot'; court battles limited for now
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Analysts maintain that legal disputes over coronavirus-related business interruption cover are an earnings event rather than capital-depleting...
Article / 3 years ago
Broker lawsuits are inevitable in virus claims war, but their success is not
Policyholders who have failed to recover coronavirus-related business interruption payments from insurers will have brokers in their sights, but lawyers...
Policyholders who have failed to recover coronavirus-related business interruption payments from insurers will have brokers in their sights, but lawyers...
Article / 3 years ago
Business interruption battles could cut demand for insurance, UK regulator says
Anna Sweeney, executive director of the insurance supervision division at the Prudential Regulation Authority said there is a risk of a protection gap as a result of the coronavirus pandemic...
Anna Sweeney, executive director of the insurance supervision division at the Prudential Regulation Authority said there is a risk of a protection gap as a result of the coronavirus pandemic...
Article / 4 years ago
Looming test case appeals prolong uncertainty around UK virus insurance claims
Both insurers and policyholders could appeal the parts of the Financial Conduct Authority's business interruption test case verdict that went against them, and there may not be a verdict until next year...
Both insurers and policyholders could appeal the parts of the Financial Conduct Authority's business interruption test case verdict that went against them, and there may not be a verdict until next year...
Article / 4 years ago
Case count tops 1,000 as litigation against insurers over COVID-19 takes shape
The Hartford has had the most cases related to COVID-19 losses filed against it in court so far, according to a University of Pennsylvania Law School tracker database...
The Hartford has had the most cases related to COVID-19 losses filed against it in court so far, according to a University of Pennsylvania Law School tracker database...
Article / 4 years ago
European reinsurers' COVID-19 bill triples as biz, life claims start to emerge
More detail was revealed about the big four European reinsurers' coronavirus exposures in the second quarter, but more claims are on the way and the size of the ultimate bill is still unclear...
More detail was revealed about the big four European reinsurers' coronavirus exposures in the second quarter, but more claims are on the way and the size of the ultimate bill is still unclear...
Article / 4 years ago
Government backstop likely to be key for insurance coverage of future pandemics
Within the U.S. insurance industry, the biggest disagreement is whether the private market should carry any of the risk when the next pandemic hits...
Within the U.S. insurance industry, the biggest disagreement is whether the private market should carry any of the risk when the next pandemic hits...
Article / 4 years ago