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Business Interruption tag returned 52 results

  • Where are the pandemic-related BI claims in Asia?

    Over the last few months many insurers in the US, UK and Europe have found themselves embroiled in lawsuits filed against them by companies whose COVID-19-related BI claims they rejected. This, however, has not been the case in Asia.

    AIRPlus | 06 Aug 2020
  • UK: Government sets up $647m emergency insurance fund for film and TV

    The British government has announced a £500m ($647m) emergency insurance fund to help domestic television and film companies restart productions.

    Asia | 30 Jul 2020
  • US specialty broker offers BI coverage for pandemics

    A US based insurance broker has introduced an insurance policy for commercial risks arising from pandemics and epidemics.

    Asia | 24 Jul 2020
  • New covers to reflect realities of COVID-19 world

    Remote working, social distancing, city lockdowns and face masks. These are just some of the new realities of life brought about by the COVID-19 pandemic.

    AIRPlus | 15 Jul 2020
  • UK: BI claims flagged as biggest risk for insurers

    The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims according to Bank of England. The industry continues to await decision by the court on whether existing policies cover big losses caused by the coronavirus crisis.

    Asia | 09 Jul 2020
  • COVID-19 casts shadow on insurers operations, says survey

    A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future.

    AIRPlus | 07 Jul 2020
  • Yet another sporting event may not be covered for pandemic

    After Wimbledon's event organisers revealed that its 2021 tournament is not covered by pandemic insurance, another major tennis tournament - the Australian Open - has announced that its pandemic insurance coverage is set to expire soon.

    Asia | 03 Jul 2020
  • South Africa: Insurers face up to ZAR4bn in claims

    COVID-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to ZAR4bn ($236m), the firm representing the businesses has calculated.

    Asia | 03 Jul 2020
  • Global: UNDP advocates business interruption insurance for small firms

    The Insurance and Risk Finance Facility of the UNDP is advocating business interruption insurance for Micro, Small & Medium Enterprises (MSMEs) across the developing world to help build community resilience for millions of small business owners and their workers.

    Asia | 30 Jun 2020
  • US: Markel next in firing line in dispute over BI claims

    Law firm Grant & Eisenhofer has filed a class action lawsuit against Illinois-based Markel Insurance for failing to accept claims from franchisees of national fitness chain Anytime Fitness that were shuttered and lost business due to state imposed COVID-19 restrictions.

    Asia | 26 Jun 2020

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