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Insurance Day

Articles for 20 November 2024

Daily Digest: CrowdStrike drives system outage cover demand, Codan in dispute with Galaxy Leader, Allianz on nuclear verdicts

Catch up on the essential news and analysis from the Insurance Day experts
Online Published Date: 2024-11-20T18:40:11

Defending litigation essential to tackling social inflation: Allianz

Number of ‘nuclear verdicts’ of more than $10m has nearly tripled since 2020
Online Published Date: 2024-11-20T17:40:19

Charterparty considerations of wind-assisted propulsion

As wind-assisted propulsion is gaining traction as a means to decarbonise, various contractual issues should be addressed to avoid potential disputes between shipowners and charterers
Online Published Date: 2024-11-20T16:40:11

Acord launches data exchange platform

New placing interface will act as a 'universal hub' for exchanging placing data for insurers and brokers, company says
Online Published Date: 2024-11-20T15:40:13

European insurers ‘resilient’ to transition risks, stress tests find

European regulators conduct a suite of climate stress tests, projecting the possible financial impact of the bloc’s climate goals
Online Published Date: 2024-11-20T15:40:12

CrowdStrike 'drives surge in demand for system outage cover'

The cyber market is failing to provide adequate coverage for system outage incidents, with many businesses unknowingly underinsured, says Parametrix chief executive
Online Published Date: 2024-11-20T15:40:12

Galaxy Leader owners in dispute with Codan over loss of hire cover

Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan
Online Published Date: 2024-11-20T14:40:11

Industry’s A&E reserves decline along with incurred losses: AM Best

Industry loss reserves have decreased for more than a decade as incurred losses have been outpaced by loss payments
Online Published Date: 2024-11-20T11:40:10

Guy Carp to acquire remaining stake in Greek joint venture

Carpenter Turner will be rebranded as Guy Carpenter Greece
Online Published Date: 2024-11-20T11:40:10

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