Claims – Page 40
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NewsSpike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
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NewsSharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
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NewsNew OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
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NewsLoss adjuster warns of spike in cannabis linked fire claims amid lockdown easing
Around 94% of cannabis farms are now located in domestic premises and around 25 farms or factories are being discovered by police each day
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NewsBrokerFest 2021: Sustained period of cyber market hardening must be fully understood
Ransomware demand ’is 20 times more than what we saw in 2018’, says MGA’s head of cyber
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NewsBoom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
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NewsCar insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
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NewsInsurtech reveals new RSA-backed tradespeople insurance product
The product caters to the UK’s tradespeople market, aiming to reduce administration times and speed up claims
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NewsCredit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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NewsBrighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
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NewsGovernment explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
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NewsAirmic 2021: KYO strategies transforming claims
Know Your Opponent tools can help predict ’how certain cases will be dealt with’ regarding claims
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NewsAirmic 2021: Overcoming claims challenges
Preparation is key in defending claims, says law firm
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NewsEcclesiastical urges brokers to speak to heritage clients after UK ‘smash and grab’ raids
The insurer’s customer segment director says ’brokers play an important role in helping clients understand the risks’
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NewsMicromobility and e-scooters fall outside new claims portal criteria
Two law firms relay their concerns about micromobility and e-scooters as the new Highway Code is set to be unleashed
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AnalysisFraud Charter: Interim remediation is ‘vital’ while Online Safety Bill progresses
Carpenters Group moves to exert pressure and open debate between the UK government and the insurance industry around ad spoofing
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FeaturesFraud Charter: Online Injury Claim portal could be ‘fraud hotbed’ but figures down
The data from the new OIC portal could be a ’real positive’ for the insurance industry, but it needs to be handled with care
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NewsEcclesiastical bounces back with 12% GWP rise post-covid
The insurer has an ambition to be the first choice for brokers placing business in specialist markets
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NewsLabour backs motion to fight cladding risk scandal as professional indemnity prices soar
Insurers are showing ‘cautious willingness’ to underwrite fire safety risks on defective cladding
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NewsInsurance and construction industry must join forces to combat evolving risks – Marsh
The UK’s infrastructure growth is expected to rival China by 2030
