Natural Hazard Risk Assessments

2001 Annual Review of Insurance Law - Subrogation

? What is the scope of a clause restricting the right of subrogation?

? Subrogation in contract works insurance: rights of the insured unable to be exercised against a co-insured.

? The scope of a waiver of subrogation clause

Civil War Exclusion Clauses

What evidence must be adduced to establish that a state of Civil War existed, for the purposes of the standard civil war exclusion in insurance policies?

This was the challenge for insurers of a mine in a recent arbitration. Notwithstanding clear ethnic animosities between the native and immigrant communities on the island fuelled by recognised militia groups, forced displacement of most of one ethnic group off the island or into the city, hundreds of reported killings, hijacking of all the armoury on the island by militants, a successful coup d??tat, rule by an unofficial militia, a puppet government, closure of businesses, curfews, road blocks, the abandonment of the mine and evacuation of expatriates under advice from foreign governments, the Arbitral Tribunal concluded that a state of civil war had not existed. In the current political environment where politicians hesitate before declaring that another government (or peace keeping force) has completely lost control of internal security, such that the situation has descended into civil war, where the media label the most heinous atrocities and human rights violations as merely ? ethnic skirmishing ? and where the omnipresence of UN/US forces adds an international element to what would otherwise be a purely internal affair, the language of civil war has fallen into disuse. The result is that, in the absence of a contractual definition of civil war, any insurer has a high hurdle to clear in order to persuade a tribunal that, in common parlance, a state of civil war exists.

Business Interruption

It is "A business Interruption Calculate Guide" that includes detailed?informations in gross profit-difference mothod, payroll -dual basis, and consequential loss insurance

Norwich Union Guide to Property Damage & Business Interruption Terrorism Insurance in the United Kingdom

1. Background and History
2. Property Damage and Business Interruption Policy Exclusions
3. Property Damage and Business Interruption Terrorism Cover in
4. Great Britain
5. Business Interruption Extensions and Contingencies
6. Property Damage and Business Interruption Terrorism Cover in Northern Ireland, the Isle of Man and the Channel Islands.
7. Terrorism Cover for Other Classes of Insurance.

Risk Bulletin -When Damaged Reinstatement of Damaged Building Does Not Go to Plan

Aon UK produces the Aon Risk Bulletin (ARB) to provide our clients and employees around the world with a focal source of information on the main issues affecting the insurance industry.

In addition to the usual round up of major news stories, this issue includes:

? A look at when reinstatement of a damaged building does not go as planned.?

? How to use data to both protect and enhance your return on investment.

Arab War Risks Insurance Syndicate

Terrorism Insurance - Property Damage Wording

Subject to the exclusions, limits and conditions hereinafter contained, this Insurance insures buildings and contents against physical loss or physical damage by an act of Terrorism, as herein defined, occurring during the period of this Policy as stated in the Schedule attaching to and forming part hereof, (hereinafter referred to as the ?Schedule?). For the purpose of this Insurance, an act of terrorism means an act, including the use of force or violence, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s), committed for political, religious or ideological purposes including the intention to influence any government and/or to put the public in fear for such purposes.

Summary of IAIS position on the valuation of Technical provisions

Insurance Core Principles & Methodology

The Insurance core principles and methodology consist of:

? Essential principles that need to be in place for a supervisory system to be effective

? Explanatory notes that set out the rationale underlying each principle

? Criteria to facilitate comprehensive and consistent assessments.

This document should serve as a basic benchmark for insurance supervisors in all jurisdictions. It can be used when establishing a supervisory regime or for identifying areas in existing regimes that need to be improved.

Public authorities concerned with issues of financial stability are urged to provide the necessary support to the supervisory authority so that it can meet the principles and the criteria set out herein.

Public authorities concerned with issues of financial stability are urged to provide the necessary

support to the supervisory authority so that it can meet the principles and the criteria set out herein.