Business interruption
Supreme Court hands blow to insurers as it rejects push for BI appeal
The Supreme Court has turned down an application to appeal a judgment on business interruption disputes in relation to Covid restrictions, in what has been hailed as a win for policyholders.
Allianz sees off theatre group's appeal in BI dispute
The Ambassador Theatre Group has lost its appeal against its insurer Allianz over Covid-related business interruption cover.
Allianz settles Various Eateries BI lawsuit
Allianz and Various Eateries have settled their Covid business interruption lawsuit after several failed appeals by both parties.
Allianz and theatre group await court ruling
The Ambassador Theatre Group and its insurer, Allianz, are expecting a judgment in their ongoing dispute over Covid-related business interruption cover before the end of the year.
Insurers push for another Supreme Court Covid BI trial
At least four insurers have sought permission to appeal a September court ruling on Covid-related business interruption claims to the Supreme Court, Insurance Post can reveal.
Lessons to learn from the CrowdStrike outage
Laura Miller examines how the CrowdStrike outage impacted various insurances, including property, business interruption, professional liability, D&O and product liability insurances.
Sompo’s marine proposition; Lockton’s charity walk; Allianz Partner’s travel director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Twenty firms face off for Lloyd’s Lab spots
The Lloyd’s Lab pitch day for its 13th cohort saw 20 firms go head-to-head for one of 10 spots in the market’s 10-week fast track programme for “fresh ideas” to challenge the insurance industry.
How insurers address evolving supply chain risks
How incidents like the attacks in the Red Sea, drought in the Panama Canal and Baltimore bridge collision have the potential to create cascading exposures for insurers is examined by Tim Evershed.
TRIA stabilised the insurance industry after 9/11
Greg Podleśny, co-founder of insurtech Acini, reflects on how the Terrorism Risk Insurance Act addressed the spike in insurance costs due to terrorism after the events of 9/11.
Court of Appeal upholds key Covid BI judgment
The Court of Appeal has confirmed that hundreds of thousands of businesses with ‘at the premises’ disease cover are entitled to claim for Covid losses, dismissing appeals brought by insurers.
Operational resilience: will insurers meet the March 2025 deadline?
Sarah Ouarbya, partner for financial services consulting at Forvis Mazars, examines how insurers should prepare for the Financial Conduct Authority and the Prudential Regulation Authority’s operational resilience rules coming into force.
How ‘Baby Reindeer’ and streaming services are affecting insurance
As the way we consume media changes, Scott McGee considers how the furore over Baby Reindeer, and changing nature of the content we watch has had an impact on insurance.
Action to avoid prison overcrowding to impact insurance claims
Operation Early Dawn, which will allow prisoners to be held in police cells rather than prison accommodation, may create several problems for insurers from a claims and practical perspective, a legal expert has warned.
Marsh’s carbon offering; Howden buys broker; Aventum’s AI assistant
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Terror charges for rioters could put insurance claims in doubt
Businesses reeling from damage caused by far-right riots across the UK in recent weeks may have their claims complicated if the perpetrators are charged with terrorism offences.
Devil is in the detail for CrowdStrike outage claims
Last week’s global IT outage could produce insurance losses of up to $1.5bn, though how policies will respond remains uncertain.
Small changes could make a big difference with BI insurance
Trade Voice: Aruna Chandrapalan, chair of the Chartered Institute of Loss Adjusters’ business interruption special interest group and head of forensic accounting services for Asia at Sedgwick, looks at how uncertainty around BI cover might be dispelled.
Insurers brace for global IT outage claims
Last week’s global IT outage is expected to lead to insurance claims, with companies across the sector closely monitoring its impact.
NFU Mutual hit by lawsuit over Covid losses
A group of more than 30 businesses are suing NFU Mutual for Covid losses suffered between 2020 and 2022.
