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Insurers Face Business Interruption Claims After Global Tech Outage

Insurance Journal

Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems …

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Celebrating 24 years of service to the general insurance industry

Prof. Allan Manning

During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.

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Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. February 2000: Development of first Training Module – Business Interruption. May 2002: First of now 17 books on insurance and risk management launched. May 2000: First manual Policy Comparisons developed.

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Does my Landlords Insurance Policy cover terrorism

Prof. Allan Manning

This means that no Terrorism Levy is charged by Insurers and that if the Federal Government and the Minister for Finance in particular declares some event a terrorism event, then any exclusion found within a Landlord’s policy will not be void and claims where there is an exclusion will not be paid.

Policy 173
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Please help make this year’s Mansfield Awards the best ever!

Prof. Allan Manning

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

However, if poor maintenance caused the roof’s condition, your insurer might deny the claim. Sprinkler System Malfunctions Damage caused by faulty sprinkler systems usually receives coverage under commercial property insurance. Business interruption insurance covers lost income and ongoing expenses during these periods.

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What Lies Ahead?: Top Insurtech Trends for 2025 and Beyond

InsuredMine

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. This figure is more than just a number; it represents real people and businesses at risk of financial ruin. trillion by 2025.

Risk 59