The CrowdStrike outage in July will prompt insurers to review cyber policy wordings and coverage for systemic or supply chain incidents at upcoming renewals, according DAC Beachcroft.

Demand for insurance against cartels and other organised crime in Mexico is rising, with several industry sectors beginning to purchase the coverage as standard, according to Chaucer.

Parametrix's new Enterprise Solutions product is designed to cover "almost any type of system interruption that a company can experience" and would compensate organisations for events like the CrowdStrike outage in July, according to CEO Jonathan Hatzor.

The top risks of both buyers and sellers of insurance are cyber incidents, key climate changes, and business interruptions, according to a new survey from Munich Reinsurance America and the Insurance Information Institute (Triple-I), but gaps emerge in understanding the scope of risk and actionable solutions.

Cyber modelling firm and MGA Parametrix has introduced a Lloyd’s-supported parametric cyber product to cover the cost of digital interruption.

The UK’s Court of Appeal has handed Allianz victory against a West End theatre owner’s attempt to restart a long-running Covid-19 business interruption claim, with the appellate court finding that the insurer’s policy did not cover for the pandemic lockdowns.

Allianz and Various Eateries have settled a long-running £16.4mn ($21.3mn) suit brought by the restaurant operator over the payment of claims related to business interruption (BI) losses suffered because of Covid-19 lockdowns.

A West End theatre owner has urged a UK appellate court to restart its long-running Covid-19 business interruption claim against Allianz, arguing that an earlier Commercial Court judgment was wrong to rule that its policy had not been triggered by the pandemic lockdowns.

The UK arm of French insurer Covéa has won its long-running dispute with Italian reinsurer Unipol over Covid-19 business interruption (BI) reinsurance recoveries, with a London appellate court upholding findings that the pandemic met the definition of “catastrophe” used in the policy.

Australia’s Federal Court has ruled against hearing a fresh wave of Covid-19-related business interruption (BI) claims as class actions, a move welcomed by insurers and which leaves SME policyholders to pursue the cases individually.

Hurricane Francine will likely result in privately insured losses of close to $1.5bn, according to a preliminary estimate from Karen Clark & Company (KCC).

More than four years after the Covid-19 pandemic began, a UK appeals court has held in favour of a policyholder in a case likely to have wider implications for other insureds and for some of the outstanding reinsurance business interruption disputes that are set for arbitration.

An English appeals court has handed London’s ExCeL centre and other policyholders victory in a long-running Covid-19 test case, finding that the national pandemic lockdowns triggered the “at the premises” (ATP) clauses in their policies.

UK insurers have returned to court in a bid to overturn a landmark Commercial Court judgment which found in favour of London’s ExCeL centre and other policyholders with “at the premises” business interruption (BI) cover.

It is too early in the development of the cyber insurance market to be seeking a “government chequebook”, according to Patrick Tiernan, who warned that while a large cyber event would not be systemic for the industry, it would undermine the sector’s societal role.