UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms January 27, 2022 By Andrew Atkinson Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic...
Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims January 26, 2022 By Katharine Gemmell The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as...
UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses January 21, 2022 By Kirstin Ridley and Carolyn Cohn Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs,...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz January 18, 2022 A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three...
UK Baker Greggs Files $137M Claim Against Zurich Over COVID-19 Payout November 1, 2021 By Bill Lehane UK baker Greggs Plc filed a $137 million (£100 million) legal claim against Switzerland’s Zurich Insurance Group in a disagreement...
Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
S. Africa Insurer Santam Loses Appeal in COVID-19 Business Income Case With Hotelier October 7, 2021 JOHANNESBURG – South Africa’s Supreme Court of Appeal has ruled Santam is liable to cover the impact of COVID-19 restrictions...
UK COVID-19 Business Insurance Payouts Top One Billion Pounds September 16, 2021 Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received...
Ruling Against Dentist’s COVID Business Interruption Could Be Key Win for Insurers August 4, 2021 By Jim Sams A federal appellate court ruling that dismissed a dental practice’s COVID-19 business interruption claim might be the beginning of the...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...