Claims – Page 67
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News AnalysisCourt of Appeal ruling could have insurers revisiting their reserving for personal injury claims
Although the court may have rectified a ‘clear injustice for many disabled claimants’, the insurance industry will now have to pick up the price tag for additional accommodation costs in serious personal injury cases
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IT InterviewGeobear – the tech firm cutting the insurance industry’s subsidence claims costs by 20%
Subsidence claims are lengthy and expensive to solve, however Geobear is working with the insurance industry to reduce costs and cut claims down time by 70%
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NewsABI’s Huw Evans says BI test case appeal is ‘unsurprising’
The association’s director general believes the resulting judgment ‘could impact insurance for the next decade’
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NewsFlood Re’s credit rating upgraded
Credit rating agency maintains that the reinsurer’s ability to handle large claims warranted an upgrade
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FeaturesBroker Scheme Focus: Should brokers take some responsibility for customers with unpaid Covid BI claims?
Insurance Times gets different perspectives on whether scheme brokers should share the blame when it comes to unsatisfied business interruption customers left with unpaid claims due to the coronavirus pandemic
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NewsEcclesiastical committed to improving claims handling following Independent Inquiry
The insurer has responded to the Independent Inquiry of Child Sexual Abuse (IICSA) that slammed Ecclesiastical for not providing complete evidence
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IT Interview360Globalnet boss says no code technology is ‘next big thing’ for insurance
The insurtech’s chief executive, Paul Stanley tells Insurance Times why no code technology is going to be the ’next big thing’ in insurance and reveals how the technology’s flexibility allowed 360Globalnet to build its own Track and Trace System
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NewsIndependent Inquiry criticises Ecclesiastical for ‘incomplete evidence’ in child sexual abuse Church saga
The report makes eight recommendations directed at the Church of Wales and the Church of England of which Ecclesiastical insures, record keeping was highlighted as a significant problem for these religious institutions
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FeaturesBroker Scheme Focus: FCA test case result has ‘amplified’ impact on broker schemes
Insurance Times speaks to experts across the sector to find out how broker schemes will be affected by the recent test case verdict on the interpretation of business interruption policy wordings for Covid-19 claims
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NewsCost of incorrect Covid clean for credit hire ‘could be somebody’s life’
Legal director responds to industry observations around increased credit hire costs linked to the Covid-19 pandemic
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NewsFCA test case appeal confirmed for Supreme Court
However Ecclesiastical and Zurich have bowed out, while Qatar Insurance Company Europe has been denied the right to intervene
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NewsBrokers urged to confirm that public liability policies cover Legionnaires’ disease
CII society produces good practice guide as vacant offices fill despite illness risk
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NewsAdmiral subsidiary using Tractable’s AI solution
The insurer will use the insurtech’s AI solution to pay claims quickly
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NewsFCA files ‘leapfrog’ appeal application to the Supreme Court for BI test case
Despite believing that the judges’ verdict earlier this month was clear, the regulator has filed its application as a precautionary measure
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NewsSolicitors’ PI rate rise on the horizon due to Covid-19
With the pandemic giving rise to a potential rise in claims for solicitors’ professional indemnity insurance, Paul Castellani the Forum of Insurance Lawyers (FOIL) and Kennedys’ partner tells Insurance Times why
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Online onlyBirmingham man sentenced for fraudulent personal injury claim against Aviva
Guilty man claimed he had been inside a car hit by an Aviva insured when in fact he had not
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News AnalysisPost-pandemic recession could spell more trouble for solicitors’ professional indemnity insurance
With renewals earmarked for 1 October and a possible economic recession ahead, solicitors’ professional indemnity is back in sharp focus, Insurance Times finds out why
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FeaturesCovid-19 claims yield abundant harvest for claims farmers
Delegates at Insurance Times’s third virtual roundtable say the ‘farming scope for Covid claims is absolutely massive’
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IT InterviewCovid-inflated credit hire claims is ‘a big issue' for insurers, says law firm partner
The Covid-19 pandemic may be boosting income opportunities for credit hire firms – accumulatively, this could end up being a big financial hit for insurers
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NewsNDML and NTIA urge Hiscox to pay interim BI claims
The broker and trade body encourage insurance firm to take ‘the ethical approach’ and pay 50% of policyholders’ claims now
