Claims – Page 61
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NewsBuilding back better with simpler insurance products
The Covid-19 pandemic has created the need for an overhaul of insurance, but the industry must make sure that the products it creates in response are fit for purpose
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NewsLloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
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NewsCovid-linked D&O claims are ‘a significant area for focus’ – Fenchurch Law
In particular, firms facing insolvency may struggle to find cover under directors’ and officers’ policies due to recently implemented coronavirus exclusions, says law firm partner
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News AnalysisBrokers demand ‘much better service’ from insurers amid tightened lockdown regime
Against a backdrop of stricter lockdown restrictions, brokers tell Insurance Times that they are unimpressed with insurer service as some have ’attempted to shirk their responsibility’
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NewsCatastrophe losses cost insurers $83 billion in 2020
Losses from secondary peril events are forecast to increase, driven by climate change - Swiss Re sigma
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FeaturesBriefing: The LiP portal a year on – still no nearer to being launched?
The personal injury sector is chomping at the bit to discover whether the LiP portal will actually be ready for use come April 2021 – this has no doubt felt like a long, nail-biting waiting game for industry professionals
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IT InterviewCovid-19 pandemic exacerbates opioid crisis as claims surge again
With the Covid-19 pandemic still ongoing, there has been a surge in claims for opioids. Sedgwick’s senior medical officer tells Insurance Times why the situation has worsened and what the loss adjustor has been doing to tackle it
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AgendaOpinion: A year to forget for many, while opportunity knocks for others
Insurance Times managing editor Yannick Guerry mulls over how 2020 has panned out, with brokers questioning service standards and reputational gains still up for grabs
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News‘Known unknowns’ are creating ‘nervousness’ in D&O market
Factors such as climate change and cyber security could lead to an uptick in D&O claims next year
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NewsLaw firm partner predicts ‘more and more coverage disputes’ for excess layer insurance
Brokers may well get caught in the ‘argy-bargy’ too if primary insurers and excess layer insurers disagree on coverage decisions
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IT InterviewRideshur harnesses the power of real-time data for competitive commercial fleet cover
Chief executive tells Insurance Times the company’s journey into a ‘reluctant MGA’
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News‘Blanket’ broker PI exposure following Covid BI fallout is ‘overhyped’ – Fenchurch Law
Following the FCA’s business interruption test case, law firm partner says ‘of course there’s going to be broker exposure’ in relation to professional indemnity claims
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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FeaturesRise in cryptojacking could potentially hit insurers’ bottom lines – Guidewire’s Matt Honea
Cryptojacking is on the rise but massively under-reported, Guidewire’s senior director of cyber-security tells Insurance Times why insurers should be aware of this emerging risk
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
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NewsMotor Insurers’ Bureau responds to reimbursement query for e-scooter crimes
The use of privately-owned e-scooters on roads or other public places remains illegal
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FeaturesBriefing: An industry perspective – stop hiding behind the numbers
The insurance industry’s people-centric core is well hidden, yet this could be the key to patching up the sector’s reputation
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NewsWhether or not an insured intends to rebuild fire damaged property should have no impact on reinstatement payouts – Fenchurch Law
A Court of Appeal case last year leveraged previous case law to decide that an insured’s intentions surrounding a property damaged by fire has no bearing on a claim payout based on reinstatement
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News AnalysisRevealed: Insurance Times Awards 2020 – winners and reaction
Insurance Times was back again yesterday for the last of its virtual awards ceremonies of 2020 as it celebrated innovation and excellence across general insurance, did you make the cut?
