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The policy also allows for indemnity related to reasonable expenses incurred while mitigating claims – such as alternative suppliers, technical analysis, third-party design-arounds, or product recalls. In addition, reputation and brand protection is included, with support for costs linked to engaging public relations consultancies.
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[ad_1] Insurance Business’ latest Competitor Analysis – Private Passenger Auto Insurance offers a rare and behind-the-headlines view of how these five behemoths are navigating the post-pandemic auto insurance landscape, one defined by margin compression, loss volatility, and digital acceleration. The report dissects the real-time consequences of strategy, structure, and speed by drawing on insights from…
[ad_1] In the latest edition of Insurance Business TV, Danny Kaufman, president of Burns & Wilcox, reflects on the firm being named among this year’s five-star wholesale brokers and MGAs. He discusses the lines that have seen particular growth, the innovations the company is making and the role that AI will play in the future….
[ad_1] Tiernan currently serves as Lloyd’s chief of markets, a role he has held since joining the organisation in May 2021. In this position, he has overseen underwriting, claims, exposure management, international regulation, market oversight, distribution, and the Lloyd’s Global Network. His remit has also included the Lloyd’s Lab, Lloyd’s Academy, and the organisation’s global…
[ad_1] The US back-down on tariffs will have some short (and long-term) effects [ad_2] Source link
[ad_1] Industry vets bring tech-driven growth strategy to insurance underwriting space [ad_2] Source link
[ad_1] Drawing insights from 1,000 senior executives surveyed in November 2024, the report reveals how businesses with annual revenues exceeding $250 million are reassessing their risk management strategies in light of increasingly interconnected and volatile supply chains. Respondents included risk managers, logistics leads, and senior executives, highlighting the need for cross-functional alignment in supply chain…
