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  • Vague terms put some AXA policies under BI scrutiny

    AXA, the French insurer, has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 pandemic should be covered.

    Asia | 05 Jun 2020
  • RIMS backs US pandemic risk insurance act

    Risk management society - RIMS - has announced its support for H.R. 7011, the Pandemic Risk Insurance Act of 2020 (PRIA) and has launched grassroots effort to engage congressional leaders on the issue.

    Asia | 05 Jun 2020
  • New usage-based insurance facilitates same-day delivery demands

    An industry collaboration in the US has resulted in a new usage-based motor insurance solution that allows American businesses to pay only for the coverage they need amid the coronavirus pandemic.

    Asia | 05 Jun 2020
  • UK: Govt offers GBP10bn in guarantees for trade credit insurance

    The UK government has announced that it will provide guarantees of up to GBP10bn to trade credit insurance schemes for business-to-business transactions.

    Asia | 05 Jun 2020
  • A lot of policies may still be on the hook for BI claims

    The varying language used in insurance policies, as well as an expansive interpretation of 'physical damage', could mean courts looking favourably at the business interruption (BI) claims filed in the US arising from the COVID-19 pandemic.

    AIRPlus | 04 Jun 2020
  • Reinsurance: RenaissanceRe launches public offering to raise US$900m

    Bermuda-based RenaissanceRe Holdings has commenced an underwritten public offering of 5.5m common shares.

    Asia | 04 Jun 2020
  • Global: ICIEC 2019 insured total is highest in 10 years

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has increased its business insured by 20% to reach $10.86bn in 2019, the highest in the past decade, according to a statement from the company.

    Middle East | 03 Jun 2020
  • Insuring the uninsurable

    Last month, Russell Group hosted a virtual roundtable discussion, titled "Insuring The Uninsurable".

    Asia Risk | 03 Jun 2020
  • UK construction body launches return-to-work checklist

    The Finishes & Interiors Sector (FIS), a UK representative body for the interior construction industry, has launched a COVID-19 restart risk management checklist offering targeted and comprehensive advice for businesses across the sector.

    Asia Risk | 03 Jun 2020
  • Coronavirus could complicate hurricane response

    A new report by catastrophe modelling firm Karen Clark & Co., (KCC) has said that the COVID-19 pandemic will make this year's hurricane season, which is expected above-average, even more difficult.

    Asia Risk | 03 Jun 2020


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