Claims – Page 114
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NewsLV= ringfences £30m to help customers suffering financial hardship because of Covid-19
The insurer will redirect savings from reduced claims during lockdown to help car and motorbike policyholders
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NewsCovid-19: Insurers in talks to set up fund to help stricken charities
Fund would provide relief to charities unable to collect funds amid the lockdown measures
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NewsCovid-19: SMEs could stop buying BI policies
A survey found a significant number of companies would not bother buying such cover in the future
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NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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IT InterviewLexisNexis Risk Solutions UK boss says use of policy history information is ‘really rudimentary’
The firm’s managing director for UK and Ireland believes policy history data could be better utilised to improve ratings and underwriting
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NewsCouncil warns schools on PPE production risk
Warning comes as schools step in produce protective equipment
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NewsFCA to obtain legal clarity on BI insurance following influx of coronavirus-related claims
The regulator has also offered guidance to insurers, asking them to assess the value of their products in light of the Covid-19 pandemic
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NewsNDML and NTIA call on chancellor to release Pool Re funds
They have penned an open letter to Rishi Sunak
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FeaturesIndustry experts warn of insider fraud as a result of Covid-19 pandemic
A panel of UK and US insurance professionals say insurance staff working from home may undertake opportunistic fraud to mitigate financial hardship brought on by the pandemic
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NewsTourist railway ‘treated badly’ by MS Amlin over rejected coronavirus-related BI claim
The SME is teaming up with its broker to mount a challenge against the insurer
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NewsLancashire reveals $35m coronavirus claims for Q1
The insurer’s charitable foundation has also made a £100,000 donation to coronavirus causes
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NewsAllianz launches new claims hub for brokers
Portal provides end-to-end claims notification and tracking for brokers and fleet managers
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FeaturesCoronavirus: Rejected business interruption claim case studies
Insurance Times takes a deeper look at two business interruption claim case studies, investigating the impacts of insurer decisions on SMEs and brokers
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NewsHow The Temporary Kitchen Company Is Driving Down Alternative Accommodation Costs
The business is even helping out with the NHS response to the coronavirus pandemic
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NewsHiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
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IT InterviewLoadsure reveals spot freight market plans after £1.1m funding
The spot freight market has a complex value chain, and operating in a time-critical environment can be expensive for the broker, this insurtech MGA hopes to change that
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NewsHospitality sector to bring group action against insurers refusing Covid-19-related BI claims
A collective claim by group registrants is likely to run into tens of millions of pounds
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NewsLaw firm says insurance claims among most likely to succeed in UK courts
More than half of cases brought by insurance policyholders succeed at the first instance
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NewsHiscox Action Group secures funding for legal BI claim battle
The initial funding will allow appointed law firm Mishcon de Reya to review policy claims
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NewsEcclesiastical reveals broker social media guide amid Covid-19 lockdown
It aims to help brokers stay connected with customers during the pandemic
