By Andrew Cavan, director, head of major and complex loss (North) As reported in the Financial Times, on 31 August 2022, the head of one of the world’s largest building materials companies confirmed that he’s seeing a ‘second wave of cost increases’ following the surge in gas prices. Spiralling energy prices are just the latest addition […]

by Hamish Blair, client relationship manager On Tuesday, 14 February, and for only the third time in history, the New Zealand government announced a national state of emergency. The flooding and destruction that followed in the wake of Cyclone Gabrielle left Northland, parts of Auckland and the eastern coastline of the North Island in devastation. Prime Minister […]

By Bart Oversier – major and complex loss adjuster Read the English version. In de recente economisch uitdagende tijden rond COVID-19 hadden maatregelen om de verspreiding van COVID-19 tegen te gaan een negatief effect op de omzetontwikkeling van ondernemers wereldwijd. Tijdens lockdown-periodes organiseerde de Nederlandse overheid hulp om het risico te beperken dat bedrijven massaal […]

By Scott Carroll – director of client services, large complex loss, EFI Global, a Sedgwick company and Paul Gilbert – director of client relations, EFI Global, a Sedgwick company In the aftermath of a disaster event like Hurricane Ian, organizations tend to think about damage in terms of drying carpet, removing drywall, mitigating mold, and […]

By James Norman, International business development director As we navigate reoccurring global events and uncertain times, insurance continues to play a critical role in risk transfer — providing assurance and allowing organizations to continue business as usual. Covers like business interruption (BI), cyber, trade credit and political risk may come to mind. With a greater […]

By Ross Thurlow, engineering manager, EFI Global, New Zealand Forensic investigators are often presented with puzzling cases where the obvious evidence doesn’t naturally point to the cause, and further in-depth analysis is required to determine exactly what went wrong. While carrying out an on-site investigation in Napier, in the Hawkes Bay Region of New Zealand, we […]

By Martha McGorman, MCL adjuster All too often, we see claims where an insufficient Maximum Indemnity Period (MIP) has been set — resulting in serious consequences related to the recovery of the policyholder’s business. When the MIP — known as the time interval for insurance support after an incident — is assigned, it means that […]

By Rodney Milford, partner, forensic advisory services and Tom O’Hara, manager, forensic advisory services On 21 February 2022, the Full Court of the Federal Court delivered the highly anticipated judgment in the appeal of the second Insurance Council of Australia (ICA) business interruption test case. In this update, we explore the impact of this decision […]

By John Armstrong, director – executive MCL adjuster and Martha McGorman, commercial property adjuster There are approximately 4.3 million small or medium-sized enterprises (SMEs) in the UK and alarmingly, around 80% are underinsured. In addition, government research suggests that one in five businesses suffer a major disruption every year — with 80% of those affected […]

By Leon Briggs, head of property & national executive adjuster, Australia In most court decisions there can be surprises, and one could say that the decision of Jagot J in the Second COVID-19 Insurance Test Case had its own share of the unexpected. In reviewing the decision in the Second Test Cases, the aspects that […]

By Kimberley Daley, Head of professional services Australia Since the outbreak of COVID-19 in early 2020, there has been intense interest in the extent to which business interruption policies would respond to claims for business losses arising from COVID-19. In September 2020, Sedgwick published an extensive update on the impact of COVID-19 around the globe […]