Claims – Page 87
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NewsFocus on fraud saves Sedgwick customers £35m
Commercial claims fraud was the largest component at £14.8m
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Online onlySalvage network to halt vehicle collections to help coronavirus fight
e2e will also track vehicles infected with Covid-19
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Online onlyCoronavirus triggers record travel claims payout year
Previous year for record cancellations was 2010
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FeaturesBrokers need to beware ‘breach of duty’ risks arising from Covid-19 impacts
Law firm Plexus Law advises brokers to ‘pay attention in this changing market’
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NewsTravel insurers set to pay a record £275m in coronavirus claims
The ABI expects to record around 400,000 coronavirus-related claims
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NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
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NewsProfessional body offers guidance on preparing for ‘surge events’
The CII’s claims society publishes a guide to help insurers deal with the increase in claims activity linked to coronavirus
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NewsSwiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
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NewsInsurers start pulling income protection due to Covid-19
However, policyholders that have been asked to self isolate by a medical professional may still be covered
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NewsIrish broker representative body calls for government and industry meet to tackle coronavirus concerns
The organisation’s director of GI calls on insurers to be ‘flexible’
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NewsThe Big Question April 2020: Are insurers right to refuse coronavirus business interruption cover?
Coronavirus cases are mounting daily, the death toll is rising and airlines like Flybe as well as retailer Laura Ashley are filing for administration as sales take a nosedive. Many businesses are going into lock down to contain the spread of the virus and protect their staff, but are insurers ...
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IT InterviewLeaders should be ‘fearful’ of SMCR regime, says KPMG director
Behaviour and culture should be a key focus for industry leaders as recent regulation indicates that insurers are not doing enough
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NewsFCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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NewsCovid-19 boosts opportunistic insurance fraud, says BAE Systems
The firm’s counter fraud director believes fraudulent claims will ‘slip through the net’ amid the current public health and hygiene focus
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AgendaHow the rise of AI could change the face of insurance
Artificial intelligence is making huge inroads into what were once professional occupations, including selling insurance. But in areas such as medicine, who pays if something goes wrong?
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NewsLV= reports 39% drop in underwriting profit
But broker business grew by 24% in 2019 due to the migration of personal lines from Allianz
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FeaturesHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
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NewsPharmacy insurer vows to help customers stay open
Pharmacies are one of the few shops left open amid the coronavirus outbreak
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NewsCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
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AgendaInsuring reputational risk opens opportunities for new business
Protecting brand reputation has become a top priority for insurance businesses
