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Will the United States federalize pandemic business-interruption losses in the same way the country did with terrorism losses?
While the top risks mostly relate to economics, climate-related risks are also causing greater concern in 2020.
The Beirut explosion is the most recent example of a major accident involving improper storage of hazardous chemicals.
As cyber risks only continue to worsen, these lawsuits spotlight potential cyber coverage issues for D&O policies.
Insurance provides many benefits to society that are sometimes overlooked in the wake of denied claims and lawsuits.
With TRIA and the NFIP, the insurance industry has laid the groundwork for what may evolve into a federally-backed 'pandemic insurance' program.
"For all businesses today, the risk of a cyberattack is a very real prospect," says Beazley's Alessandro Lezzi.
Food facilities are now required to establish mitigation strategies against intentional adulteration meant to harm public health.
The Specialty Markets Insights newsletter covers topics such as aviation, directors & officer, pollution, drones and more.
Realistic insurance coverage with specific limits and exclusions could be offered for pandemics.
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