Business interruption
Post in print - 22 April
Post reporter Dan Dunkley provides a quick overview of this week's major news including: Towergate brings in IPO experts, Capita insurance chief quits, Lib Dem's in mutual manifesto, Quinn faces UK underwriting decision and insurers assess volcano…
Business interruption policies need 21st century update: Aon
Stephen Cross, chief executive officer of Aon Global Risk Consulting, has released a statement on the business and insurance implications of the ash cloud that has been causing difficulties across much of Europe:
Oil giant set to challenge Buncefield liability judgement
Total has applied to the Supreme Court for leave to appeal a recent judgment that found the company 100% liable for claims resulting from the 2005 Buncefield depot explosion.
Start-up targets IT and media
Aquila Underwriting has launched an underwriting platform offering specialist liability, business interruption and crisis management policies for media content, intellectual property and IT security risks.
Principia Underwriting launches
Principia Underwriting launches today as the latest addition to the Aquila Underwriting group of businesses.
US mine owners had no BI cover
Massey-Energy, the company in charge of a West Virginia mine where 25 people were killed after an explosion earlier this week is understood to not have had business interruption insurance.
Aviva launches media insurance product
Insurance giant Aviva has launched a specialis product offering protection for media firms.
Aviation losses: accounting issues
The accounting issues surrounding lost profits, following the loss of a passenger plane, are complex and require detailed knowledge of the airline industry. Frédérique Hardy provides a guide to quantification.
London market: offshore wind of change
Offshore wind energy is going to be big business — and so too the opportunities for insurers. But not all of it will be plain sailing for underwriters, explains Matthew Yau.
Business Interruption - Valuations: Setting sums
The risk of commercial underinsurance can leave brokers in the firing line and the insured financially distressed. Terri Adams and Richard Powell report on how this can be avoided.
Fitzgerald and Adjusting Solutions join forces
A working agreement has been established between insurance claims company Fitzgerald Consulting and loss adjuter Adjusting Solutions, led by Tom Battell and David Martin.
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
HBA moves into recycling
Lloyd's of London broker HBA Insurance has made a move into the recycling industry, following the launch of Recyclesure.