Claims – Page 19
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NewsNews High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week (29 July to 2 August 2024)
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NewsRural crime claims rise as thieves ‘become more determined’
’All the indications suggest rural crime is becoming more organised, sophisticated and determined in its nature, which is incredibly alarming,’ says rural affairs specialist
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NewsNew product designed to monitor the cyber MGA market launched
’MGAs have been and are a crucial part of the cyber insurance value chain,’ says chief executive
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News AnalysisWill the lithium-ion battery boom trigger an insurance bust?
The rising use of lithium-ion batteries is increasing fire risks, prompting potential policy wording changes. How will the industry respond to this new challenge?
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NewsOndo reports revenue increase and continued UK growth
’Our focus in [financial year 2025] remains top line growth, driving towards cash flow break even by the end of the financial year,’ says chief executive
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NewsAllianz launches new motor proposition for personal lines market
’We’ve developed this with our customers in mind,’ says managing director
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NewsSignificant losses estimated after mass IT outage
’This scale of loss could make the event the largest single insured loss event in the history of the affirmative cyber insurance industry over the past 20 years,’ says firm
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News AnalysisBriefing: What are the Labour party’s plans for insurance?
A new party leader is occupying Number 10 and change is afoot in the UK as the new prime minister reviews regulation and shares streamlining plans
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News AnalysisThe impact on insurance after faulty update causes global IT outage
’This is the most widespread global IT outage we have seen in 20 years of underwriting cyber risk,’ says department head
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News AnalysisBriefing: MGA seeks capacity to bust taboos in ‘untapped market’
New MGA actively encourages claims to adopt preventative stance around taboo healthcare field – here’s how its model could have helped me
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Sponsored ContentEmpowering the next generation of claims handlers – RDT
Sponsored content: Mark Bates, chief executive at RDT, examines how the claims handlers of the future could be supplemented by technology
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NewsFCA clamp down demanded over ‘widespread’ failures in claims process
’This research paints a shocking picture of insurers’ failure to handle customers’ claims in a timely, empathetic way,’ says director
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NewsCyber becomes insurers’ biggest concern
’The fallout for businesses can be particularly severe,’ warns analyst
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NewsA&H MGA expands proposition as new deal struck
’I’m confident that with our proven success and specialist knowledge, we can offer that extra layer of support,’ says managing director
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News AnalysisMotor repair network must accelerate EV focus to support Labour’s 2030 vision
Upon election, the new government may move to reintroduce the 2030 ban on new petrol and diesel car sales – but how will this impact the insurance industry?
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NewsFarming insurer offering temporary increased premium discounts amid fire fears
’This is a matter of protecting human and animal lives, as well as the cost of replacing damaged machinery,’ says specialist
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NewsAviva among trio of insurers to win legal battle against CHO
’This ruling is significant in that it will hold CHOs to account for driving unnecessary cost and litigation into the motor claims process,’ says claims manager
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NewsInsurers could see claims increase as mass IT outage grounds planes
’An IT system outage means wait times are longer than usual,’ warns one airport
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News AnalysisPet insurance sector can’t afford to let sleeping dogs lie where fraud risk is concerned
While the UK pet insurance market has grown rapidly in recent years, its ability to detect and combat fraud has not caught up – with the size of this problem not yet known
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NewsFlood Re sees claims surge after storms batter UK
’The resilience and effectiveness of the Flood Re scheme were rigorously tested,’ says chief executive
