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Appraising Facts Regarding Business Income Loss Much More Efficiently Than Litigating and Then Appraising Business Interruption Losses

Property Insurance Coverage Law

Resolving disputes through appraisal or arbitration may be, but is certainly not always, less costly and efficient.

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London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses

Insurance Journal

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 …

Insiders

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FCA Test Case: Supreme Court Update

Protect Commercial Insurance

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.

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Recall Roundup: February

Hunton Andrews Kurth

is noteworthy due to the great lengths taken to define a policy provision regarding coverage related to food contamination. Given the heightened risk to its business posed by a disruption stemming from food contamination, Nashville Underground purchased a special coverage for business interruption due to “Food Contamination.”

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Beyond Fire: Triple-I Interview Unravels Lightning-Risk Complexity

Triple-I: Business Insurance

Investment in a lightning protection system could have saved this business owner – and his insurer – the million dollars lost and prevented business interruption. Nearly $1 billion in lightning claims was paid out in 2018 to almost 78,000 policy holders, according to LPI.

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Common Myths About Commercial Insurance Debunked

Protect Commercial Insurance

Insurance policies such as property, liability, and professional indemnity can provide a crucial safety net, making it essential for businesses of all sizes. Thus, investing in the appropriate insurance policies ensures that small businesses can survive adverse events and maintain continuity.

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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption. Remind employees about these perils and offer refreshers on how to spot phishing scams and the need to exercise caution with links in emails or on social media. “In

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