Latest Business Interruption Headlines
All the headlines from our Business Interruption Topic Page, ordered by recency.
Pool Re to Extend Terrorism Cover to Include Non-Damage Business Interruption
Mar 22 2018 // Pool Re welcomed the UK government’s commitment to amend the 1993 Reinsurance (Acts of Terrorism) Act to enable it to extend its cover to include non-damage business interruption losses resulting from acts of...
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Feb 21 2018 // Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global...
Cyber Risk Ranks as Most Feared BI Trigger for Global Firms: Allianz
Feb 5 2018 // Business interruption (BI) and cyber incidents interlink as the major threat facing companies, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that BI — including...
Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report
Jan 17 2018 // Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that...
Grapes of Wrath: Insurance Fallout from the Wine Country Wildfires
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
More Clients Want Cyber Cover with BI, Supply Chain Protection: Beazley, Munich Re
Oct 17 2017 // Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks and resulting business interruption and supply chain risks. Vector was...
Why Restaurants Are Underinsured
Oct 2 2017 // Restaurants are probably one of the most underinsured classes of business in the industry. Competition, inadequate pricing, and owners refusing to buy needed coverages are some of the reasons cited by specialty brokers in...
Puerto Rico Power Outage to Mean More Business Interruption Claims
Oct 1 2017 // Puerto Rico’s island-wide power outage will mean a surge in insurance claims for lost business income that will increase the already high cost of damage caused by Hurricane Maria, likely tipping some big reinsurers...
Firms Hit by Harvey, Irma Hope Business Interruption Coverage Pays Off
Sep 18 2017 // Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine print of policies, along...
Breaking the Silence: Cyber Physical Cat Models Emerging
Sep 4 2017 // A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn’t seem like the obvious description of the final stages of a cyber attack. But the...
Ransomware Risk: 4 Questions to Ask to Optimize Cyber Insurance
Jun 5 2017 // Following the “WannaCry” ransomware cyberattack in at least 140 countries, insurers, brokers and cyber risk management specialists are working with businesses to report claims, improve and expand existing cyber...
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
Apr 10 2017 // Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of...
New York DFS Superintendent Directs Insurers to Submit Disaster Plans
Mar 29 2017 // All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June...
Now There Is Business Income Insurance for Vendors Booted Off Amazon
Mar 23 2017 // Like many people who make their living selling stuff on Amazon.com Inc., Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned health supplement and...
Advising Businesses on Business Interruption Insurance
Mar 17 2017 // With the recent late-winter storms that have hit the Northeast, many businesses could have suffered a loss of revenue they were not anticipating. If a business owner was impacted by this latest storm, chances are his or...
How to Help Hospitality Firms with Business Interruption Claims
Mar 15 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Global Political Environment Puts Business Interruption Top of Mind
Mar 6 2017 // According to the Summer/Fall 2016 Edition of the Clements Worldwide Risk Index, business interruption is the leading cause of losses for companies, multinational organizations and nongovernmental organizations (NGOs) that...
Best Practices for Hospitality Business Interruption Recovery
Mar 6 2017 // Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality...
Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey
Feb 21 2017 // The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue...
Top Global Corporate Risks: Business Interruption, Market Developments, Cyber, Current Events and More
Jan 23 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and the new U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
