Industry Segments: Business Interruption Page 1 / 5
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- August 4 2022
High Court of Australia to hear BI Covid appeals in October at the earliest: ICA
The Insurance Council of Australia said the market will meet the appeal costs in the ongoing dispute.
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- August 1 2022
IAG hit with class action lawsuit over Covid BI claims
The action relates to shares purchased in 2020 between March 11 and November 20.
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- July 27 2022
Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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- July 27 2022
Insurtech Cover Genius acquires Booking Protect for event expansion
The deal provides the capability to offer embedded ticketing cover for entertainment including in Japan and Australia.
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- June 8 2022
McLarens promotes BI adjuster in New Zealand
Jia Mostert has previously worked at the EQC.
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- May 19 2022
QBE and MS First Capital are liable for the BI claim from Phuket resort: report
This is believed to be the first such ruling on the interpretation of BI clauses in Singapore.
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- April 27 2022
Singapore regulator calls on (re)insurers to improve BI policies
Director Gillian Tan believes insurers are well-placed to improve cover, but data is key.
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- March 23 2022
Major Australia BI decisions appealed to High Court
The ICA says it understands the need for "definitive guidance".
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- February 22 2022
Australia court verdict brings clarity to BI claims saga
The ICA said it had been a "long but necessary process" that will provide guidance on how policy wordings are to be interpreted.
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- February 21 2022
Latest Australia Covid-19 BI court decision favours insurers
Justice Mark Moshinsky has largely upheld the original second test case decision in October.
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- January 13 2022
India pressed for pandemic risk pool
The regulator has been working on the project with a private and public partnership the most likely outcome.
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- November 17 2021
SIRC 2021: Pandemic BI cover needs ‘government support’
Experts say (re)insurers do not have the balance sheets to sustain the magnitude of Covid-19 losses.
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- October 21 2021
Australia’s Covid BI appeals set for November
Policyholders have filed appeals on five of the 10 test matters before a federal court.
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- October 14 2021
Australia’s P&C players told to up their risk game
APRA's deputy chair Helen Rowell describes BI issue as a “significant mis-step” by the country’s general insurers.
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- October 11 2021
IAG, Suncorp review BI provisions after court win
The insurers have already set aside hundreds of millions of dollars to cover potential claims.
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- October 8 2021
Insurers win landmark Australia BI Covid case
The closely watched trial examined issues such as disease definition, outbreak proximity and the impact of government lockdowns.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- September 21 2021
ICA eyes cost of SME commercial lines
Outgoing National Insurance Brokers Association head Dallas Booth will lead a new advisory council.
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- August 11 2021
IAG sees FY 2021 loss, flags A$1bn insurance profit
Business interruption claims related to Covid-19 weighed heavily on performance.
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- July 23 2021
IAG expects FY 2021 net loss of A$427m
The Sydney-based giant indicates it made A$33m profit in H2 of the fiscal year ending June 30.
