-
The Chickasaw and Choctaw nations say they their properties sustained direct physical loss, meriting coverage.
-
A ruling in the Oceana Grill case may set a precedent for other coverage disputes of this type. -
The analyst predicted that rate hardening will continue, albeit with reduced premium levels.
-
The test case over whether Covid-19 losses constitute physical damage could jeopardise (re)insurance industry solvency.
-
Losses would run into hundreds of billions if carriers were expected to fund non-damage BI.
-
The groups say business interruption insurance was not designed to cover losses from Covid-19.
-
The carrier failed to secure sufficient investor interest for the transaction.
-
The Dubai-headquartered company will list on the Nasdaq today, giving it additional access to capital markets.
-
Despite the prevalence of non-damage business interruption clauses, coronavirus fears may not be covered, a Wilson Elser partner said.
-
APRA chairman Wayne Byres tells lawmakers carriers remain sufficiently capitalised to respond to new events.
-
Underwriting income for the industry climbed $4.9bn from the previous year, driven by growth in net premiums earned, according to AM Best.
-
The production company sought coverage after violence in Israel caused it to change filming locations for the show “Dig”.
