Insurers in the emirate typically buy low-attaching reinsurance....
Property & business interruption
Questions of causation continued to prove fertile ground for litigation in 2023, both in cases involving damage to property and in a COVID-19 business interruption ("BI") context...
Questions of causation continued to prove fertile ground for litigation in 2023, both in cases involving damage to property and in a COVID-19 business interruption ("BI") context...
Article / 2 months ago
Latin America
The year 2023 has seen a significant rise in production costs and inflation. This increase has directly impacted insurance claims as the costs of repairing...
The year 2023 has seen a significant rise in production costs and inflation. This increase has directly impacted insurance claims as the costs of repairing...
Article / 3 months ago
Hurricane Otis hits Acapulco - the insurance issue
Acapulco, one of the main tourist destinations in Mexico, suffered extensive damage from Hurricane Otis when it struck on Wednesday 25 October 2023....
Acapulco, one of the main tourist destinations in Mexico, suffered extensive damage from Hurricane Otis when it struck on Wednesday 25 October 2023....
Article / 3 months ago
Asia
Despite variations across insurance lines and regions, overall, insurance premium rates remained broadly flat across Asia during Q1-Q3...
Despite variations across insurance lines and regions, overall, insurance premium rates remained broadly flat across Asia during Q1-Q3...
Article / 3 months ago
Australia
In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
Article / 3 months ago
Merck settles $1.4 billion cyberattack case against insurers
Critical Merck NotPetya cyber insurance ruling would have set national precedent...
Critical Merck NotPetya cyber insurance ruling would have set national precedent...
Article / 3 months ago
Shopping Centers Seek $57M For Hurricane Maria Damage - Law360
The owner of six shopping centers damaged by Hurricane Maria in 2017 asked a Puerto Rico federal court to force its insurer to cover more than $57 million in losses it suffered, partially because of a six-year delay in full payment of its claims.
The owner of six shopping centers damaged by Hurricane Maria in 2017 asked a Puerto Rico federal court to force its insurer to cover more than $57 million in losses it suffered, partially because of a six-year delay in full payment of its claims.
law360.com /
Article / 4 months ago
Insurers will likely revisit ‘nation state' cyber exclusions after court ruling
The court held that insurers could not rely on the war exclusion in a property policy to avoid covering $1.4 billion in damages Merck suffered in a NotPetya...
The court held that insurers could not rely on the war exclusion in a property policy to avoid covering $1.4 billion in damages Merck suffered in a NotPetya...
Article / 5 months ago
Insurers Say Amazon Owes $650K For Battery Fire Damage - Law360
Two insurers accused Amazon of selling a rechargeable lithium battery that caused a fire to break out at their policyholders' property in a lawsuit that was removed to...
Two insurers accused Amazon of selling a rechargeable lithium battery that caused a fire to break out at their policyholders' property in a lawsuit that was removed to...
law360.com /
Article / 6 months ago
Insurer entitled to withdraw optional flood cover after winning dispute - insuranceNEWS.com.au
An NSW manufacturing business that had its optional flood cover cancelled has lost its challenge to reinstate it after a dispute ruling...
An NSW manufacturing business that had its optional flood cover cancelled has lost its challenge to reinstate it after a dispute ruling...
insurancenews.com.au /
Article / 8 months ago
