Business interruption
Comment: Power struggle
CEOs and CIOs are often at loggerheads when it comes to investing in new software, but this must change, says Andrew Binns.
Metal Theft: Copper and Robbers
New legislation promises to make life tougher than ever for scrap metal thieves and ease the demand on insurers – but why is the market unconvinced it will be effective?
Thomson to seek compensation for delayed B787
TIU-owned Thomson Airways will seek compensation following the delay in the delivery of its Boeing 787 Dreamliner, Post has learnt.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.
Meteor damages 3000 Russian homes and businesses
Broken glass from the impact of a meteor has damaged more 3000 homes and businesses in Russia.
Boeing 787 grounding claims could prove costly
All Nipon Airways has estimated the grounding of its 17 Boeing 787 aircraft has had a ¥1.4bn (£9.6m) impact on its revenue between 16 to 31 January.
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
Extreme weather conditions barely disrupt film insurance market
While floods, tropical storms and fires have generated extra claims for insurers worldwide, a Lloyd’s broker who specialises in film insurance says his firm has not perceived a rise in losses.
View from the top: Pool solution a proven concept
For those of us living or working in the UK, one regular weather event is inevitable: lots of rain. So, most readers won’t take much convincing of the fact that, in 2012, Britain suffered its second-wettest year since records began in 1910.
Zurich stresses importance of supply chain management
Organisations need to better understand the increasing complexity of their supply chain and evaluate the related risk exposures, according to Zurich.
Zelle Hofmann opens London office
Law firm Zelle Hofmann Voelbel & Mason is opening a London office in January to address the growing needs of clients in the London and European insurance markets.
Post Blog: Business interrupted
What can previous catastrophes tell us about the business interruption landscape following superstorm Sandy? Amy Lacey explains.
Business interruption: Playing with fire
Confusion and costs have led to fewer businesses taking out adequate business interruption cover, putting them at risk of significant losses. How can the industry rectify the situation?
Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
Airmic members increasingly rely on brokers for BI help, report finds
Airmic's members are becoming more engaged with brokers when securing the correct property damage and business interruption cover, but there is still some "ambiguity" as to who should check policy wordings.
Woodgate & Clark handling Selfridges claim
Loss adjuster Woodgate & Clark has been appointed to handle claims arising from the raid on Selfridges in Manchester, Post understands.
Michael Jackson promoter withdraws £11m insurance claim
Michael Jackson's former concert promoter is to withdraw a £10.9m insurance claim over the pop star's cancelled shows.
LV Broker bolsters SME product range
LV Broker is relaunching its commercial SME product range leading with an enhanced offering specifically for owners of commercial properties.
Henderson smells success after winning cheese maker deal
Henderson Insurance Brokers Teesside has won a contract handling cheese maker Wensleydale Creamery's insurance needs.
Indian power failure highlights supply chain exposures
The widespread power failures in northern India in July highlighted the potential exposure for businesses relying on offshore outsourcing to deliver key services to customers worldwide, according to Zurich.
Lloyd's launches underwriting review
The Lloyd's Market Association is reviewing the way contingent business interruption cover is written in the Lloyd's market following a string of major catastrophes last year.
Airmic 2012: Quality of information 'essential' to BI claims
The business interruption information provided by policyholders to their insurers is "essential" in the current climate, Allianz Global Corporate & Specialty boss Volker Muench has claimed.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.