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Ireland's central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful test case in court last week, or risk facing legal action ...
Ireland's High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a test case that could have implications for over ...
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six ...
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond ...
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...
AXIS Capital Holdings Ltd. reported approximately $200 million in preliminary fourth quarter catastrophe losses, more than half of which stem from the COVID-19 pandemic. The Bermuda-based specialty ...
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain's highest court ruled many policies should cover ...
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court's ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 ...
A UK Supreme Court insurance judgment substantially in favor of policyholders will be a "massive boost" for British businesses currently suffering from a third government lockdown, the Hiscox Action ...
See a need and then fill it. That's the secret of most successful businesses—and that was the driving motivator of InsurTech Thimble, which is currently working on coverage for small business ...
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