Claims – Page 80
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IT InterviewIndustry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
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NewsAxa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
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NewsLondon Bridge attack terror survivors’ families secure insurance payouts
It is the third anniversary of the attack
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NewsRestaurant owner slams ‘unacceptable’ Covid payout refusal
Hampshire-based business has joined the Hospitality Insurance Group Action in a bid to force an insurance payment
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IT Interview‘Our relationship with insurers is very strong’ says Copart UK boss
Insurers initially turned to salvage as a solution when body shops and repairers struggled to secure parts amid Covid-19 pandemic
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NewsLaw firm launches group action against Hiscox and RSA for rejected Covid-19 BI claims
Specialist insurance law firm Edwin Coe has launched two new group claims against insurers Hiscox and RSA regarding rejected business interruption (BI) claims linked to the ongoing Covid-19 pandemic.
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NewsBeer and pub trade bodies slam ‘collective failure of insurers’ during Covid-19 crisis
Four trade associations pen open letter to the ABI in order to obtain a meeting with insurer bosses
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NewsUniversally paying BI claims not covered under policy terms would put insurer solvency at risk, says ABI
Replying to an open letter from Stephen Gould, chairman of the One Voice Group representing a coalition representing the beer and pub industry, Evans said the cost of such claims would run into the billions of pounds, and was something the insurance industry had not reserved for.
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NewsBrokers overwhelmingly agree the industry’s reputation has been badly damaged by Covid-19
Some 24% of those surveyed said the industry had been very badly damaged, while 53% said it had been badly damaged.
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NewsHospitality action group to challenge Aviva and QBE on rejected Covid BI claims
Legal firm Mishcon de Reya has reviewed more than 500 business interruption policies submitted by applicants
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NewsPhysiotherapist struck off after fraudulent personal injury claim from 13-year old minor
Further investigations revealed that the physiotherapist had been suspended from the HCPC register following a conviction
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NewsCopart UK uses Covid-19 lockdown to focus on business growth and expansion
The salvage company has invested in around 80 new loader trucks for winter
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NewsSome BI coronavirus claims ‘agreed then withdrawn’ says Night Time Industries Association
One business owner claims he was promised to be covered for up to £100,000
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NewsAdmiral records 46% increase in bicycle theft over last seven weeks
Insurer Admiral has reported a 46% increase in the number of bicycle theft claims made over the last seven weeks, while Brits have been enduring the nation-wide Covid-19 lockdown, compared to the same period in 2019.
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NewsCovid-19 heralds hardest of hard markets
Few classes are expected to emerge unscathed as markets harden in the wake of coronavirus
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NewsBrokers should be careful declaring cover for Covid BI claims
Brokerbility’s chairman further notes the ‘unintended consequences of sloppy underwriting’ and ’boilerplate clauses’ contributing to brokers’ headache around navigating rejected BI claims
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NewsHiscox Action Group has ‘good chance’ of succeeding with legal action
The group’s law firm is planning to launch an expedited arbitration claim against the insurer in the next few days
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IT InterviewClaims is on a ‘big journey’ to catch up with digital revolution says AXA’s Malik
The claims managing director believes the use of data and analytics has been exhausted in pricing, and should instead be used to enhance the customer experience
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NewsFCA invites brokers and policyholders to contribute to BI legal declaration process
Insurance intermediaries have until 20 May to submit materials to the regulator
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FeaturesFraud Charter: Lockdown home working increases risk of insider insurance fraud
Industry leaders discussed how to stamp out insider fraud opportunities brought about by remote working at Insurance Times’s virtual roundtable
