Supply Chain / Business Interruption
Supply Chain / Business Interruption
News, insights and thought leadership for re/insurance professionals with an interest in supply chain and BI.

Downstream market faces $450mn+ PKN loss after refinery fire

Downstream energy underwriters are expecting a loss of at least $450mn from a claim relating to an explosion at a PKN refinery last year, following a substantial increase in reserving...
Downstream energy underwriters are expecting a loss of at least $450mn from a claim relating to an explosion at a PKN refinery last year, following a substantial increase in reserving...
Article / 16 hours ago

South African catastrophes, power woes signal end of cheap insurance - Reuters

Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the continent's most developed insurance market...
Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the continent's most developed insurance market...
reuters.com / Article / 18 hours ago

Ongoing supply shortages threaten U.S. infrastructure and war efforts - Reuters

Manufacturers of everything from pickup trucks to homes are still grappling with tight supplies of microchips and cement - shortages that could translate into delays...
Manufacturers of everything from pickup trucks to homes are still grappling with tight supplies of microchips and cement - shortages that could translate into delays...
reuters.com / Article / 2 days ago

Aviva loses bid to quash class action for COVID-related BI losses - Canadian Underwriter

Ontario's Superior Court has certified a class action lawsuit by a window and door manufacturer against Aviva Canada related to the insurer's broad denial of...
Ontario's Superior Court has certified a class action lawsuit by a window and door manufacturer against Aviva Canada related to the insurer's broad denial of...
canadianunderwriter.ca / Article / 2 days ago

Louisiana Supreme Court Reverses a Rare State Court of Appeals Win for COVID-19 Business Interruption Claimant - JDSupra

COVID-19 business interruption claimants have had few state appellate court decisions upon which to rely. Louisiana produced one such decision in...
COVID-19 business interruption claimants have had few state appellate court decisions upon which to rely. Louisiana produced one such decision in...
jdsupra.com / Article / 2 days ago

Spain's drought devastates olive oil output, drives world prices up – ThePrint

Drought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estimates from the European...
Drought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estimates from the European...
theprint.in / Article / 2 days ago

Tunisia cuts off water supply at night amid severe drought - Reuters

Tunisian authorities have started cutting off drinking water at night in areas of the capital and other cities, residents said, in what appears to be a bid to reduce consumption amid a severe drought...
Tunisian authorities have started cutting off drinking water at night in areas of the capital and other cities, residents said, in what appears to be a bid to reduce consumption amid a severe drought...
reuters.com / Article / 3 days ago

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