Claims – Page 110
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NewsInsurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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Online onlyBriefing: Hiscox’s brand is hurting, so why doesn’t it pay the claims?
With claims costs potentially mounting and the brand being damaged, why doesn’t Hiscox pay the Covid-19 BI claims?
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NewsLaka details ‘future of insurance’ proposition post Covid-19
The insurtech has seen people that have not considered cycling previously look into insurance
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NewsInsurethebox communications technology has prevented more than 1,000 accidents
Insurethebox has estimated that its Speed Reduction Programme has helped prevent 1,060 accidents, avoiding 34 serious injuries over the past four years
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NewsCapsicum Re launches ransomware modelling solution
Flexible model enables both portfolio aggregation and attritional loss perspective through consideration of specific ransomware strains
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IT InterviewIndustry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
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NewsAxa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
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NewsLondon Bridge attack terror survivors’ families secure insurance payouts
It is the third anniversary of the attack
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NewsRestaurant owner slams ‘unacceptable’ Covid payout refusal
Hampshire-based business has joined the Hospitality Insurance Group Action in a bid to force an insurance payment
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IT Interview‘Our relationship with insurers is very strong’ says Copart UK boss
Insurers initially turned to salvage as a solution when body shops and repairers struggled to secure parts amid Covid-19 pandemic
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NewsBy Miles raises £15m in Series B funding
Another insurtech has raised funding despite the uncertainty posed by the pandemic
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NewsInsurtech funding drops by more than half during first quarter
Covid-19 pressures seen as the primary reason for the drop
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NewsLaw firm launches group action against Hiscox and RSA for rejected Covid-19 BI claims
Specialist insurance law firm Edwin Coe has launched two new group claims against insurers Hiscox and RSA regarding rejected business interruption (BI) claims linked to the ongoing Covid-19 pandemic.
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NewsBeer and pub trade bodies slam ‘collective failure of insurers’ during Covid-19 crisis
Four trade associations pen open letter to the ABI in order to obtain a meeting with insurer bosses
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NewsCyber sector challenges present broker opportunities
Current challenges in the cyber insurance market present opportunities for brokers and therefore they have a critical role to play in its growth.
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News AnalysisHasty migration could increase corporate cyber risk exposure
With another high-profile cyber attack case during lockdown, a new challenge has been created for brokers
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NewsUniversally paying BI claims not covered under policy terms would put insurer solvency at risk, says ABI
Replying to an open letter from Stephen Gould, chairman of the One Voice Group representing a coalition representing the beer and pub industry, Evans said the cost of such claims would run into the billions of pounds, and was something the insurance industry had not reserved for.
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NewsWorking from home putting pressure on commercial property market
As businesses continue to work from home, some may look to cut overheads such as rent for vacant offices
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NewsBrit and Google partner on follow-only digital syndicate Ki
It aims to significantly reduce time and effort for brokers to place follow capacity using technology
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NewsBrokers overwhelmingly agree the industry’s reputation has been badly damaged by Covid-19
Some 24% of those surveyed said the industry had been very badly damaged, while 53% said it had been badly damaged.
