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Rising cyber exposure in maritime calls for urgent action EJINSIGHT

Hurricane Ida & Tropical Storm Nicholas: Insurance Implications | Pillsbury Winthrop Shaw Pittman LLP

Hurricane Ida & Tropical Storm Nicholas: Insurance Implications | Pillsbury Winthrop Shaw Pittman LLP
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We want to put this behind us - Santam prioritising business interruption claims

We want to put this behind us - Santam prioritising business interruption claims
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New shorter-term and micro-insurance products enter Singapore to combat increased risk aversion: Aon Global Market Insights Report | Taiwan News

2021/03/03 19:00 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its Q4 2020 Global Market Insights Report, which indicates increased insurance pricing across most business lines globally. In Singapore, the reopening of businesses and optimism over the vaccination programme has boosted investor confidence and an economic rebound is expected in 2021. Besides pricing increases, the Singapore insurance market is moderately challenged when compared to the global market. Aon s report finds that more than capital and capacity, macro factors and events such as supply chain vulnerability, lower investment yields, ongoing economic uncertainty, social inflation and weather volatility will drive risk complexity in 2021.

Tourism, hospitality sector step closer to having insurance claims resolved fairly

Tourism, hospitality sector ’step closer to having insurance claims resolved fairly’ By Athandile Siyo Share Cape Town – Insurance Claims Africa (ICA) says it believes businesses in the tourism and hospitality sector are a step closer to having their claims resolved fairly, as Santam abandoned most of its intended appeal to the Supreme Court of Appeal, save for the length of the indemnity period. The Western Cape High Court in November found that the insurance company was liable to pay for business interruption losses due to the Covid-19 lockdown, ordering it to pay 18 months’ worth of losses to Ma-Afrika Hotels and Stellenbosch Kitchen.

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