Prof. Allan Manning

JULY 29, 2024

A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through (..)

Claim 214

Claim Business Interruption License Policy 214

Insurance Journal

SEPTEMBER 24, 2024

Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that endorsement language about coverage for …

Business Interruption 162

Business Interruption Claim Insurance Insurer 162

Property Insurance Coverage Law

AUGUST 14, 2024

Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. That’s where business income insurance comes in. Business income insurance, also known as business interruption insurance, helps cover the loss of income … The post What Is Business Income Insurance?

Business Interruption 171

Business Interruption Theft Insurance Insurer 171

Elmore

AUGUST 22, 2024

The post CrowdStrike and contingent business interruption insurance appeared first on Elmore Insurance Brokers. Unlike fungible (interchangeable) digital assets, such as Bitcoin and Ethereum, NFTs are unique. That means they cannot be traded one for the other, as each NFT has its own unique independent value.

Business Interruption 52

Business Interruption Insurance Broker Insurance Insurer 52

Prof. Allan Manning

FEBRUARY 24, 2024

L oss Management International (Post loss Claims Preparation and Loss Adjusting) , Risk Management International (Pre Loss policy program reviews and business interruption sum insured reviews), and Claims Management International (Post Loss Third Party Administration services) based in Melbourne, Australia.

Business Interruption 130

Business Interruption Claim Policy Insurance Industry 130

Property Insurance Coverage Law

OCTOBER 27, 2024

The recent voluntary dismissal of the Erie COVID-19 Business Interruption Protection Insurance Litigation marks the end of a significant chapter in insurance coverage law.1

Business Interruption 100

Business Interruption Policyholder Property Insurance Insurance 100

The Property Insurance Law Observer

SEPTEMBER 23, 2024

The Claim The insured purchased an all-risk insurance policy, providing coverage for property damage, business interruption, and contingent business interruption, among other covered causes and types of loss at the manufacturing facility. It was later determined that there was a leak from a compressed air line.

Damage 130

Damage Business Interruption Property Damage Policy 130

Prof. Allan Manning

FEBRUARY 24, 2023

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurance 130

Protect Commercial Insurance

MAY 24, 2024

With the increasing frequency and sophistication of cyberattacks, having cyber liability insurance is essential to protect your business’s sensitive information and maintain the trust of your customers. Conclusion Protecting your business with the right insurance policies is crucial for its long-term success.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Insurance Journal

JULY 19, 2024

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems globally. Microsoft Corp. and CrowdStrike have rolled out …

Business Interruption 290

Business Interruption 290

Insurance Journal

JULY 22, 2024

Delta Air Lines Inc. expects to cancel more flights this week as the carrier tries to recover from a crippling technology outage. The airline canceled more than 800 flights as of Monday afternoon, bringing its total since Friday’s meltdown to …

Business Interruption 287

Business Interruption Cyber 287

Insurance Journal

SEPTEMBER 6, 2024

The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders. London International Exhibition Centre Plc took legal action at London’s …

Policyholder 264

Policyholder Insurance Insurer Insured 264

Insurance Journal

JULY 30, 2024

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …

Cyber 299

Cyber Compensation Business Interruption Commercial 299

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable. These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Protect Commercial Insurance

MAY 30, 2024

Professional liability insurance , also known as errors and omissions insurance, is crucial for service-based businesses and protects against claims of negligence or inadequate work. It provides coverage for lost income, ongoing expenses, and additional costs incurred during the period of interruption.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Insurance Journal

DECEMBER 15, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

Insurance Carrier 246

Insurance Carrier Claim Business Interruption Insurance 246

Risk Management Monitor

JUNE 13, 2023

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.

Business Interruption 40

Business Interruption Claim Risk Insurance Policy 40

Insurance Journal

DECEMBER 20, 2024

Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the disputed vote by Dec. 23 …

Business Interruption 246

Business Interruption Claim Insurance Insurer 246

Insurance Journal

OCTOBER 1, 2024

CONYERS, Ga. (AP) AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …

Business Interruption 279

Business Interruption Policy Liability Insurer 279

Insurance Journal

OCTOBER 4, 2024

The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of use of his offices due to the COVID-19 pandemic. The high court concluded in a case involving CNA and Valley …

Insurance 278

Insurance Insurer Insured Business Interruption 278

Insurance Journal

OCTOBER 10, 2024

The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains, according to a report published by Lloyd’s, …

Business Interruption 276

Business Interruption Risk Insurer Insured 276

Insurance Journal

JULY 10, 2024

A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off by the hottest temperature ever recorded on Earth. That kind of extreme heat has led to more deaths than wildfires …

Injury 272

Injury Business Interruption 272

Jackson & Jackson

APRIL 10, 2024

Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Business interruption insurance compensates for lost income during these periods, helping you keep your business afloat until you can resume normal operations.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Jackson & Jackson

APRIL 26, 2024

It provides coverage for physical damage to your property and any loss of income due to business interruption. Business Interruption : If your business operations are halted due to covered damage to your property, this coverage can compensate for lost income and help pay ongoing expenses.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Insurance Journal

JULY 23, 2024

Facing a future of shortages, California is entering a new phase of water conservation: Cities and towns must meet new mandates ramping down use over the next 15 years — and some will be hit harder than others. Approved two …

Business Interruption 264

Business Interruption 264

Insurance Journal

OCTOBER 21, 2024

Weeks after a chemical warehouse fire in Rockdale County, Georgia, released plumes of toxic smoke, nearby residents can now leave their homes at night after officials lifted a shelter in place order. For the lab’s owner and investors, the trouble …

Business Interruption 264

Business Interruption Property Insurance Claim Liability 264

Insurance Journal

AUGUST 13, 2024

Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary. The main reason for manageable claims …

Claim 264

Claim Insurance Insurer Insured 264

Insurance Journal

OCTOBER 30, 2024

Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains shut down for hurricane-related damage. People often plan non-emergency surgeries in the fall and early-winter months when their …

Damage 263

Damage Business Interruption Property Insurance Claim 263

Insurance Journal

AUGUST 26, 2024

RALEIGH, N.C. (AP) AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights of its operators by trying …

Business Interruption 263

Business Interruption Claim 263

Jackson & Jackson

APRIL 28, 2024

Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to. Think about business interruption insurance to protect your income stream during repairs. In California, consider adding earthquake and flood insurance.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

Insurance Journal

JULY 15, 2024

A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors, and high-speed specialty cable – …

Claim 261

Claim Business Interruption Insurance Insurer 261

Insurance Journal

DECEMBER 3, 2024

An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. prosecutors charged Remington Ogletree on Oct. 30 …

Business Interruption 258

Business Interruption Cyber Liability 258

Paragon Independent Insurance Agencies

NOVEMBER 15, 2024

It covers claims of negligence or mistakes in the services you provide, helping maintain your business’s reputation and financial stability. Why Business Interruption Insurance Matters Business interruption insurance is your safety net during unforeseen events that pause your operations.

Business Insurance 40

Business Insurance Business Interruption Professional Liability Insurance General Liability 40

Protect Commercial Insurance

JANUARY 21, 2021

FCA Test Case: Response of non-damage business interruption extensions to COVID-19 losses Supreme Court Decision: Update 19 January 2021 The Supreme Court judgment in the FCA Business Interruption Test Case was published on Friday 15 January 2021.

Business Interruption 52

Business Interruption Policyholder Claim Commercial 52

Insurance Journal

DECEMBER 16, 2024

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …

Claim 246

Claim Insurance Claim Insurance Insurer 246

Insurance Journal

DECEMBER 4, 2024

A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said. The Seattle-based company said in …

Cyber 246

Cyber Business Interruption 246

Prof. Allan Manning

OCTOBER 7, 2024

LMI continues to grow in claims work and as a result both LMI Group and Aequum Adjusters are looking to hire loss adjusters and or claims preparers in virtually every state and territory in Australia and New Zealand. The positions range from trainee, to highly experienced.

Claim 244

Claim Business Interruption Property Insurance Insurer 244