#insurance-claims
(8 articles)Ghana Insurance Claims Services Seeks Compensation Limit Review
The Insurance Claims Services Ghana (ICSG) has initiated a formal call for the National Insurance Commission to revise compensation limits under the CAP 2021 guidelines, citing inadequacy relative to
Insurance Claims Derail Landstar Q3 Despite Strong Freight Demand
Landstar System reported Q3 earnings per share of $1.42, missing consensus by 24 cents, primarily due to $21 million in adverse insurance and claims adjustments. This represents a critical vulnerabili
Business Interruption Claims Hit $950K Average Amid Supply Chain Fragility
Business interruption insurance claims have surged to an average of $950,000, representing a 70% increase over property damage claims and a 30% annual growth rate over the past two years. An analysis
Allianz Reports Rising Business Interruption Losses Across Global Supply Chains
Allianz Commercial has reported a marked increase in business interruption losses affecting companies across multiple sectors and geographies. The spike indicates that enterprises serving consumer bra
Business Interruption Claims Surge as Supply Chain Disruptions Rise
Allianz has observed a significant increase in business interruption insurance claims as companies worldwide encounter escalating disruption risks across their supply chains. This trend reflects the g
Business Interruption Claims Now 70% Larger Than Property Damage
Allianz's analysis reveals a significant structural shift in business losses: average business interruption claims now exceed property damage claims by 70 percent. This trend reflects the reality that
Marine Insurers Face Rising Pressure Amid Global Supply Chain Disruptions
Supply chain disruptions are fundamentally reshaping how companies view marine insurance protection. Risk managers are now demanding that marine insurers provide more comprehensive coverage, faster cl
Jebel Ali Fire Destroys Chana Shipment: Carriers Face Liability
A significant fire incident at the Jebel Ali port facility in Dubai has resulted in the total loss of a chana (chickpea) shipment, with shipping companies being held liable for the damage. This incide