Latest Business Interruption Headlines
All the headlines from our Business Interruption Topic Page, ordered by recency.
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Business Interruption Tops List of Risks Facing Global Organizations: Survey
Sep 26 2016 // Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies operating outside the U.S., according to the Summer/Fall...
New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing
Sep 20 2016 // New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
Jul 20 2016 // AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage,...
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
Captives View Business Interruption as Top Cyber Threat: Aon Global Risk
May 2 2016 // The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives. Aon Global Risk Consulting, in its 2016 Captive Cyber Survey...
RIMS 2016: Captives See Business Interruption as Top Cyber Threat
Apr 15 2016 // The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives. Aon Global Risk Consulting, in its 2016 Captive Cyber Survey...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT
Mar 25 2016 // The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty Ltd. Indeed, evidence...
Business Interruption Claims on the Rise: Allianz
Dec 10 2015 // The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a...
XL Catlin Adds Equipment Reliability Service to Equipment Breakdown Coverage
Dec 9 2015 // XL Catlin’s Equipment Breakdown (EB) insurance group has introduced a new service offering that provides businesses with an assessment to gauge the reliability of production equipment. XL Catlin EB’s new...
Cyber, Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey
Oct 8 2015 // Cyber and IT-related risks top the list of what keeps CEOs and risk managers awake at night, according to the 2015 International Business Resiliency Survey, conducted by Marsh and Disaster Recovery Institute International...
Marsh, Munich Re Launch Non-Damage Business Interruption Coverage for Life Sciences
Sep 23 2015 // Marsh and Munich Re have launched non-damage business interruption insurance (NDBI) product that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions...
How Big Is Cyber Risk?
Sep 21 2015 // Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber...
Just How Costly, Fast-Growing Is Cyber Risk?
Sep 15 2015 // Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber...
Four Key Business Income Concepts
Sep 8 2015 // Business income protection is of utmost importance for any insured suffering a catastrophic property loss. To fully understand business income coverage and the protection the policy extends, four key business income...
66% of Small Businesses Lack Business Interruption Coverage: Survey
Sep 2 2015 // Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new...
Hurricane Katrina and the Evolution of Risk Management
Aug 17 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses in the United States. Many of the lawsuits filed as a result of the...
10 Business Insurance Lessons and 1 Owner’s Advice from Katrina
Aug 5 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of...
How Hurricane Katrina Changed Business Preparation Planning for Disasters
Jul 6 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of...
Business Income: Why Worksheets Alone Don’t Work
Jul 6 2015 // Predicting the impact of a catastrophic event on an organization’s future income or profit is an exhaustive risk management exercise when done correctly. Typically chief financial officers, risk managers and...
