Claims – Page 79
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NewsTwo-fifths of individuals do not know how to make an injury claim
A further 33% mistakenly believe that making a claim will affect them financially
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NewsLow mileage UK drivers are paying £180 more for cover than those that drive over 7,000 miles a year
By Miles is calling on the ABI to end what it terms the ‘low mileage penalty’
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NewsHiscox Action Group seeks £52m payment for rejected BI claims
The group’s law firm has written to the insurer on behalf of 397 members
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NewsMotor claims fell by 57% year-on-year due to Covid-19 lockdown
April 2020 recorded the lowest total of daily claims submitted on the industry’s low value injury claims portal since 2010
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NewsBriefing: Will insurers be able to repair their tarnished reputations?
In the eyes of many policyholders the Covid-19 crisis has been yet another stain on the insurance industry’s already tarnished reputation. Deserved or not, insurers have much to do regain their trust By data insights editor Matt Scott
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NewsGovernment unveils £10bn trade credit insurance backstop
Government to provide guarantees of up to £10bn to trade credit insurance for business-to-business transactions
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NewsIUA says e-scooter insurance should not be compulsory
Successful uptake will likely depend on availability of appropriate infrastructure
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NewsBroker labels FCA test case as potentially ‘dangerous’ and ‘bizarre’
But MGA boss applauds the FCA’s intervention for accelerating ‘a process that might otherwise have taken months or years’
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NewsInsurtech Sprout.ai invests in deep learning following $2.5m funding round
The insurtech aims to be the first to crack claims prediction using deep learning
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NewsFCA confirms it will investigate 16 insurers’ policy wordings at BI test case
Hiscox, Axa and MS Amlin are among the named insurers that will have its policy wordings reviewed
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NewsHospitality trade bodies jointly back FCA action in bid for ‘effective resolution’
The regulator published a timetable for the court action which will commence by 9 June, all formal pleadings should be completed by 3 July
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NewsLaw firm considers launching group action cases against eight insurers for rejected BI claims
Michelmores has firms such as Aviva, Hiscox, RSA and QBE within its cross hairs
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NewsFCA publishes guidance for insurers and brokers handling BI claims during test case
Firms will be required to review all relevant claims and complaints for test case judgement implications
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NewsCovea faces coronavirus exposure on nursery scheme with PIB Group broker
Nursery owners can potentially claim under the policy’s loss of revenue section
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NewsReal-time data and technology is key for staying on top of climate change risks
Declining postcodes is too generic when insuring flood risks says LexisNexis Risk Solutions
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NewsCredit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
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NewsInsurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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Online onlyBriefing: Hiscox’s brand is hurting, so why doesn’t it pay the claims?
With claims costs potentially mounting and the brand being damaged, why doesn’t Hiscox pay the Covid-19 BI claims?
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NewsInsurethebox communications technology has prevented more than 1,000 accidents
Insurethebox has estimated that its Speed Reduction Programme has helped prevent 1,060 accidents, avoiding 34 serious injuries over the past four years
