As the legal and insurance markets move beyond the surge of Business Interruption (BI) claims arising from COVID-19 and the landmark FCA Test Case, a leading national law firm is urging UK businesses to refocus […]
Tokio Marine Kiln (TMK) and Marsh have announced the launch of an exclusive insurance facility for ports and terminals which provides cover against business interruption arising from trade disruption. Here are details; The offering, the […]
This piece is by Laetitia Fouquet, global head of cyber at Charles Taylor Adjusting, who looks at how insurers can match Business Interruption cover to a digital world full of cyber risks. Cyber business interruption […]
Global Insurance Law Connect (GILC) has launched its first ‘Business Interruption Report’, providing insights from 19 countries on business interruption insurance in their domestic markets. The report provides details on the key changes to the […]
A Financial Conduct Authority (FCA) review of business interruption claims handling has welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with policyholders to help them with claims following the test […]
BIBA in conjunction with Mi Commercial Risks has launched a unique extension to its flood scheme to help protect SMEs against the financial impact of a flood. Only available to BIBA members, the product provides […]
There was a court judgement today in the Cobin & King vs AXA case, which is another part of the long running Business Interruption saga. Basically AXA lost their argument that the policy wording on […]
Lockton published some thoughts on the remaining BI claims cases that might provide a headache for insurers in 2022. Here’s an extract, you can get the full piece here by the way. Despite the UK’s […]
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