Claims – Page 75
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NewsTrõv partners with NIG underwritten electric car rental service for London fleet proposition
The partnership will see the two firms manage risk more effectively for electric cars
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News AnalysisChallenge-laden high street weighs heavily on trade credit insurers – but could premium finance be a solution?
With the Covid-19 pandemic continuing and non-essential retailers being plunged into lockdown again, Insurance Times explores the implications and challenges that the insurance industry are facing
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NewsInsurers inadvertently fueling ransomware rise, warns former national cyber security chief
Insurers are covering ransom payments, which in turn helps the proliferation of cyber crime, says former NCSC chief
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FeaturesBriefing: Has the drive for transparency come too late to repair reputational damage?
Discussions around greater transparency in policy wordings and clarifying coverage have become a top priority following the FCA’s business interruption test case – is this a ‘better late than never’ scenario or has the hit to the sector’s reputation crippled any chance of forging customer trust?
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NewsArch inks deal with insurtech Concirrus
Arch will be using the insurtech’s intelligence platform which can provide advanced premium forecasting
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NewsHousehold winter claims could top £3bn as extreme weather events rise – Policy Expert
The home insurer and insurtech is warning policyholders to make sure they have adequate insurance
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NewsEnterprise Act risks BI payout ‘ticking time bomb’ for insurers, warns law firm
Devonshires’ Stephen Netherway tells Insurance Times how the Enterprise Act could affect business interruption pay-outs following the Supreme Court appeal ruling earlier this month
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News AnalysisPost-Grenfell surveyor PI challenges – opportunity or risk for insurance?
In the aftermath of the Grenfell Tower fire, the EWS1 form was created to address fire safety issues, however a lack of professional indemnity insurance for the surveyors that sign off this form has thrown another spanner in the works. Could finding a solution be a key opportunity for brokers ...
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NewsFloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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NewsLloyd’s offers AI-enabled reputational risk cover
Product helps mitigate the risk to profitability posed by reputational crises and offers real-time threat insights
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NewsInsurance Times’s Claims Excellence Awards 2021 is open for entries
With 14 awards open for entry, don’t miss out on the opportunity to showcase your achievements as we return in 2021 with the Claims Excellence Awards
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NewsBroker clients ‘more responsive’ to broadening cover due to BI backlash – McCarron Coates
Commercial clients want wide coverage without the price tag, while insurers are trying to recoup returns, says broker director
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NewsInsurers less exposed to BI risks in latest lockdown due to new exclusions
Ratings agency director says there is no ‘appetite for providing cover as part of general property business interruption’
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NewsFCA plans to use ‘full range of regulatory tools and powers’ to check insurers pay valid BI claims
Furthermore, the regulator recognises the ‘key role that insurance brokers and other insurance intermediaries’ play to ensure policyholders’ claims are progressed
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NewsZurich warns of ‘double disaster’ as Storm Christoph batters England and Wales amid pandemic
Storm Christoph has raged through England and Wales, adding further strain on the UK as it battles the ongoing coronavirus pandemic. Some insurance industry experts, however, have stepped in to offer support, advice and a solution
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NewsOnslaught of Covid claims expected to hit CMCs as 70% see claims registered
Research by broker Gallagher also predicts the pandemic claims uptick will cause a 40% rise in litigation compared to previous years
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FeaturesBriefing: Pandemic evolution creates unanswered questions following Supreme Court ruling
Plus, the professional indemnity claim threat over brokers is ‘a big risk’
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NewsIndustry experts raise insurance implications after first woman convicted of e-scooter drink driving
A 20-year-old woman in Newport, Isle of Wight was found to be nearly three times over the legal limit of alcohol while driving an e-scooter, industry experts debate the insurance implications
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Online onlyWest Ham star reveals huge insurance premium after supercar horror crash
Hammers star dressed as snowman crashed supercar and then needed specialist help with insurance
