Claims – Page 84
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NewsABI predicts its members will shell out £1.2bn for Covid-19-related claims
Around £900m of this estimate regards business interruption claims
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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NewsHiscox Action Group appoints London law firm for BI claims battle
The group now includes 200 members
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NewsTracker offers self-installed telematics in reaction to Covid-19 lockdown
The move is designed to safeguard young drivers while maintaining social distancing
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NewsCoronavirus legal protocol protecting personal injury claimants is extended
Around 317 firms have agreed to the terms of the protocol so far
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NewsHiscox expecting to pay net claims up to $150m
It has substantial catastrophe reinsurance in place and is actively settling claims
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NewsWillis Re says BI claim risks pose ‘existential threat to the entire industry’
Event cancellation claims, on the other hand, are equivalent to 1% of reinsurers’ capital base
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NewsFOIL welcomes e-scooter inquiry – should the vehicles be insured?
Using e-scooters could help the UK reduce its carbon footprint, but many safety aspects like speed limits and insurance need to be considered before they are legalised on UK roads
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News AnalysisHiscox Action Group pins hopes on Enterprise Act as it bids to force BI Covid-19 claims payouts
The action group speaks to Insurance Times about the claims against Hiscox and how a specific area of the law could come back to haunt insurers incorrectly refusing claims
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News AnalysisCall centres: Rising to the challenge of home working amid Covid-19
What are the obstacles that call centres in the insurance industry face in transitioning to working from home and what are some firms that have done this successfully doing right? Insurance Times find out
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Online onlyBriefing: This pandemic has badly damaged Hiscox … insurers and brokers must learn the lessons
Hiscox is not the only insurer in a battle with customers over pandemic-related payouts, and there are lessons for brokers and carriers
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NewsMoJ delays whiplash reform implementation until April 2021 due to coronavirus
The government announced that ‘now is not the time to press ahead with significant transformational change’
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Online onlyIndustry leaders come together to form new coronavirus steering group
The group will work with Pool Re to formulate the industry’s response to the covid-19 pandemic
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NewsAdmiral to automatically refund £110m to car and van customers due to Covid-19 lockdown
Customers will receive £25 for each car and van covered by the personal lines insurer
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NewsTrade credit insurers could get state help as Covid-19 bites
Government is in talks with the ABI to provide a guarantee for insurers
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AgendaHow the insurance sector can prepare for pandemic risks
As coronavirus sweeps the globe, Insurance Times examines how businesses are dealing with the crisis from a risk management perspective
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NewsInsurers need to do all they can to retain SME customers says data analysis firm
Communication is vital to ensure smaller businesses can manage cash flow adds analyst
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News AnalysisMotor insurance and coronavirus: Golden era or further misery?
The coronavirus pandemic has presented a number of challenges for the insurance industry, but the motor market is uniquely placed in that tighter lockdown conditions may actually result in improved claims experiences for insurers
