All Risk News articles – Page 66
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Analysis
FCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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Analysis
Hurricane Zeta claims to reach $4.4 billion
At landfall in Louisiana, Zeta was just shy of a Category 3 storm with one-minute sustained wind speeds of 110 mph
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Analysis
Cyber: Staff admit to risky behaviour
Home working has increased cyber vulnerability, with 73% using company-issued devices for personal matters - Mimecast
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Analysis
Hurricane Zeta bears down on Louisiana
Currently, Zeta’s track is a direct landfall for New Orleans, with the storm taking a similar path to Hurricane Katrina in 2005
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Analysis
Accenture and MIT create supply chain resilience stress test
The new standard will assess a global supply chain’s ability to mitigate the impact of disruptive events
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Analysis
GVNW’s Mahnke urges insurers not to burn bridges
GVNW chair Dr Alexander Mahnke says insurers risk undermining relationships with their commercial buyers
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Analysis
Marsh hires European risk management leader
Based in Stockholm, Carolina Klint will report to Siegmund Fahrig, CEO of Marsh Continental Europe
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Analysis
Insurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
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Analysis
Airmic welcomes insurer’s decision to drop appeal
“Market turns are cyclical, and underwriters should keep squarely in mind their relationships with their insurance buyers for the future”, says Julia Graham
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Analysis
Reducing temperature-controlled cargo losses
Why temperature-controlled incidents are such a common cause of marine cargo claims and how to avoid them
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Analysis
Restoring mangroves to build coastal resilience
Globally, mangroves reduce flood damages by $65 billion every year; insurance solutions are critical to post-storm restoration
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Special Reports
Special report: Bond benefits
As lockdowns ease, business is picking back up and conditions are extremely competitive. Bonds help firms pitch successfully – safe in the knowledge that they have a trusted guarantor.
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Analysis
Wide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
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Analysis
COVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
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Analysis
BoE: Climate disclosures will become mandatory
Setting out pathways to mandatory TCFD disclosures should be a “priority” for public authorities, according to the Bank of England
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Analysis
Terrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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Analysis
ICO fines British Airways £20m for data breach
It is the Information Commissioner’s biggest data breach fine to date and falls under the GDPR regime
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Analysis
Cyber insurance transparency key to growth
PCS has launched a new data set to help the cyber insurance sector manage risk and capital more effectively
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Analysis
Hurricane Delta claims up to $3bn - AIR
Hurricanes Laura and Delta made landfall roughly 12 miles and six weeks apart on the Louisiana coast
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Analysis
Greece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece