Markets/Coverages: Falvey Launches Commercial Output Insurance March 5, 2024 Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs...
New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim February 16, 2024 By Andrew G. Simpson New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz January 17, 2024 Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024,...
Clorox Security Breach Linked to Group Behind Casino Hacks October 10, 2023 By William Turton, Katrina Manson and Leslie Patton A notorious group of hackers blamed for recent breaches on major casino companies is also suspected of being behind a...
Turbulence as P&W Engine Flaw Forces Airlines to Lease More Craft and Crews September 20, 2023 (Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently...
Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk June 23, 2023 By L.S. Howard Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by...
Railroad Industry Sues to Block New Locomotive Pollution Rules in California June 19, 2023 The railroad industry sued to block new environmental rules in California, arguing they would force the premature retirement of about...
Show Must Go On for Broadway Theaters’ Covid Loss Claim, Federal Judge Rules March 8, 2023 By Andrew G. Simpson A New York federal judge has refused to lower the curtain on a Covid-19 business loss claim by the owner...
Madison Square Garden Loses Appeal of Covid-19 Insurance Claim Dismissal February 23, 2023 By Andrew G. Simpson A New York appeals court last week upheld the dismissal of Madison Square Garden’s Covid-19 business interruption claim against Factory...
Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach February 3, 2023 By Andrew G. Simpson A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach...