Batteries put risk under tension
Fires in electric vehicles are a cause for concern for sea carriers and logisticians. The reason is that lithium-ion batteries are likely to self-combust in circumstances that are difficult to determine. Insurers and brokers are urging companies to combine prevention, training and good practice during transport and storage.
Business interruption: AXA XL sentenced
The Commercial Court of Lille has ordered Axa XL to compensate a major clothing retailer for business interruption. The judges validated an extended warranty clause, which is particularly common in the retail sector.
Energy shortages : which insurance coverage for companies?
Power outages, gas or other sources of energy shortages, have become a probable occurrence. This can have a major impact on some company businesses. What insurance coverage can be expected?
2022 renewals: risky practices
The hard market experienced by the insurance industry since 2017/2019 has brought back into the picture some contractual practices that risk detractors should fear.
Covid losses: After restaurants, pharmacists. The closing of borders constitutes a case of denial of access cover by the insurance policy.
Enthémis obtains the conviction of AXA on the basis of a ¨Difficult access to premises¨ clause.
Companies hit by the sanctions due to the Russian-Ukrainian war: it is unlikely that the exclusion of insurance policies is valid. Which claim to declare?
Insurance policies covering business interruption sometimes include coverage for loss due to political sanctions.
Insurance policies termination update: a greater flexibility for the insured
A proposition recently made by the ¨Comité consultatif du secteur financier¨ (CCSF), a French consultative body tasked with submitting measures to improve the relations between banks and insurers and their clients, could lead to new ramifications on the French insurance sphere.
Sanctions and counter-sanctions, what remains of trade with Russia?
Two nations negotiating together make each other mutually dependent… The natural effect of trade is to bring peace, Charles de Montesquieu.
Insurance contract renewals from January 1, 2022: limitations are already underway
Since the first semester of 2019, the insurance market started an upward trend in Europe: prices have increased, and covers have been more limited. In this context, insurance companies have been reviewing their contracts and programs to the detriment of policyholders, who experienced broader limitations and poorer covers since 2020. We published a synthetic study on this subject in May 2020; here is an update.