Regulation Analysis
Aviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
How Covid-19 has impacted the personal injury landscape
The success of remote medical examinations has divided industry professionals, while court backlogs are causing law firms to think outside the box in order to progress claims. Insurance Times takes a closer look at the lay of the land for personal injury claims and what the sector’s future could look ...
Crisis management - new Ageas chief exec Ant Middle reflects on the challenges to come
Insurer boss insists he’s ‘loving’ the role, despite taking over at a time of crisis for the industry
Briefing: Brokers must learn lessons from the unrated Gefion saga
The saga of unrated Gefion and the impact on brokers is a lesson that should be learned
Briefing: It’s been a bad week for insurers, but lose the FCA test case and things could get a lot worse
Not only could insurers be found liable for claims, they may also be forced to pay interest and subsequent claims for businesses that have gone under as a result of the delay in business interruption payments
British theatres face re-opening post-lockdown, some with no insurance
With lockdown unwinding, British theatres were given the go ahead to reopen on the 11 July for outdoor performances, but many are struggling to find insurance.
Briefing: The current BI legal fight is a very ugly look for insurers
Even if they win, the optics of insurers battling their customers in court will harm the industry
Quantum questions to follow FCA test case
If the High Court rules that insurers are liable for their policyholders’ Covid-19 business interruption losses, then agreeing quantum for specific claims amid a myriad of coronavirus-related factors will be insurers’ next hurdle
Government fast-tracks work with insurance industry amid draft Building Safety Bill
After the third anniversary of the Grenfell Tower fire, the UK government has published its draft Building Safety Bill.
How brokers are monitoring employee mental health with a home-working insurance industry
As many businesses in the UK continue to work from home during the Covid-19 pandemic, the mental health of staff that work remotely has been brought to light. Insurance Times looks at how broker bosses are managing the mental health of their employees.
Opinion: Will brokers end up as the BI fall guys?
FCA test case could be death knell for brokers’ PI cover if insurers win
Insurance industry backs government’s flood investment plans in fight against climate change
Briefing: Aviva should avoid this strategic blunder
The Big Question July/August 2020: What lines of business will harden or be most exposed following Covid-19?
The history (or mystery) of the broker remuneration debate
Coronavirus: B&B owner faces ‘timebomb of debt’ after BI claim rejected by AXA
Local Leicester lockdown could prove ‘difficult for insurers’ defending rejected BI claims
Briefing: The sorry (but unsurprising) tale of Gefion’s collapse
Competition watchdog probes brokers over Ardonagh buy
Opportunity to boost terror insurance penetration seen amid lockdown
Short-term rentals and Airbnb insurers impacted by Covid-19 lockdown
Law firms create interfaces for delayed LiP portal as its deemed ‘too complicated’
Black Lives Matter protests reawaken insurance industry under-representation BAME debate
Coronavirus: Skincare salon misled by insurer over rejected BI claim
Regulation News
Track My Risks chief exec urges insurers to commit to building safety amid soaring high-rise premiums
With the draft Building Safety Bill 2020 underway, the chief executive of not-for-profit firm the Building Safety Register is seeking to evolve into its own organisation during this very challenging time that leaseholders are facing
Irish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
Aviva pays Covid-19 BI claims under broker wordings despite ‘not covering pandemics’
Amanda Blanc confirms that the insurance industry has ‘some work to do’ in order to bounce back from the reputational onslaught resulting from the FCA’s test case on business interruption wordings
Covid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
