Claims – Page 64
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NewsLloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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NewsHome insurance rates could harden after ‘complex’ year, insurtech Urban Jungle warns
A range of factors are pushing rates higher, the insurtech told Insurance Times
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NewsFCA pricing remedies not intended to squeeze margins, says Direct Line’s Penny James
Direct Line chief exec says pricing c hanges are unlikely to be seen until the new rules are implemented
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NewsStruck out BI claim proves there is no ‘public policy move’ following test case
Barrister says that not all business interruption claim cases will follow the trajectory of the FCA’s test case and that not all clauses will be interpreted in favour of the policyholder
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NewsSecondary psychiatric injuries add ‘significant sums’ to PI claims costs – Kennedys
Insurers may have to stump up higher claim payouts for individuals who develop a gaming disorder or an opioid addiction as a result of a physical injury
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News‘Real opportunity’ in dual pricing ban for MCE, says bike broker boss
MCE boss Julian Edwards said the pricing ban would benefit insurers with lower expense ratios
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NewsCovid-19 losses ‘not a major concern’ for Zurich, as group releases Q3 trading update
The insurer is confident that it has limited exposure to any new developments regarding the pandemic
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NewsOrient Express Supreme Court judges to hear FCA test case appeal
Legal experts state the choice of Supreme Court judges is ‘relevant’ and ‘interesting’
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FeaturesBriefing: Collaboration needs to continue post-pandemic for ‘adversarial’ personal injury sector
Despite insurance being fundamentally built on partnerships, the personal injury sphere has long been described as ‘adversarial’ – why has it been so hard to work together?
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NewsBike theft claims rise by 125% in three months
London saw the biggest increase in bike theft claims according to the insurtech’s data
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NewsFall in Direct Line Group premium income offset by fewer claims
It is on track to deliver a combined operating ration between 93% and 95%
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News AnalysisFOS receives 68,735 new complaints between July and September
Payment protection insurance (PPI) remains the most complained about financial services product with 12,742 new complaints this quarter
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NewsConnected car data can transform insurers into ‘guardian angels’
However, the sector still needs to forge affordable partnerships with vehicle manufacturers in order to use connected car data to improve the FNOL and claims experience
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IT InterviewMinster Law unveils digital claims portal to tackle customer apathy
Law firm boss emphasises that the legal sector needs to ‘come to the table with solutions’ to combat the personal injury market’s challenges
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Online onlyAllianz Insurance sees year-to-date GWP decline as Covid bites
LV= however saw more positive results
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NewsDelivering mobility as a service will require investment from insurers – QBE
QBE’s director of underwriting believes insurers are engaged with the mobility as a service journey in order to stay relevant and to influence road safety
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NewsMotor insurers should escape Covid-caused industry reputational damage - ABI
Industry experts debate why motor insurers should not be tarred with the same brush when it comes to consumer mistrust in the insurance sector as a result of unpaid Covid-related business interruption claims
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NewsPersonal injury sector 'laying down arms' amid Covid crisis - LV=
The insurer’s GI claims director explained that collaboration has trumped the traditional adversity that typically reigns within the personal injury sector
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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