Commercial Lines articles – Page 75
-
IT InterviewCarl Shuker: A-Plan targets commercial rural market gap
Group chief executive further recognises a ‘huge opportunity’ in the broker’s branch network as ‘local businesses still want to deal locally’
-
NewsMarkerstudy hires ex-Brightside boss as its new trading director for SME
The candidate has more than 30 years of experience in the insurance industry, with tenures at Jelf, Marsh and Towergate Insurance
-
NewsNuVenture launches new MGA offering specialist insurance to care sector
It is the second MGA NuVenture has launched in the space of two months
-
NewsPen Underwriting appoints newly created head of technology role from Hiscox
The hire of the ‘established insurance heavyweight’ aims to help the MGA branch into a new market niche
-
FeaturesOctober deadline for FCA GI pricing changes is ‘a rude awakening’ for brokers
The first batch of changes from the FCA’s pricing reforms are coming into effect at the end of this month, but industry commentators fear brokers won’t be ready
-
NewsBeazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’
-
NewsFilm production delay terms ‘more specialised’ than standard BI cover
Aggregation is becoming ’one of the key disputed issues’ over claims for film production delay
-
NewsPIB Group buys wheels-based broker in 42nd acquisition to date
Essex broker believes PIB Group offers ‘opportunities for growth’ and ‘a strong cultural fit’
-
NewsMission Impossible film studio sues insurer over Covid payout
The film company’s insurer is reportedly covering losses arising from one out of seven production delays or stoppages
-
NewsMore strategic cooperation between automotive insurers and supply chain needed – Sedgwick
Sector collaboration is vital as ’dealers and car distributors may lack the expertise to handle complex issues around electronics, telematics and sensors’, says loss adjusting firm
-
NewsAxa has paid £75m for Covid-linked BI claims to date
UK retail boss adds that the business is ‘in a very robust position to move forward and evolve’
-
NewsBI insurance claims payouts nearing £1bn but ‘it should have been more’
According to the FCA, 15,400 policyholders with BI claims approved are still waiting for business interruption payouts
-
FeaturesInsurance industry witnesses ‘large drop in appetite for terrorism cover’
While some companies are ‘burying their heads in the sand’, there is an opportunity for brokers to ‘play a critical role in educating their clients’, adds Burns and Wilcox head of terrorism
-
NewsOrdnance Survey takes equity stake in Flock
The insurtech’s chief exec says the insurance company of the future won’t just pay claims, but it will ’actively help customers avoid them’
-
NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
The group has since hired an external specialist to verify the impact of the attack
-
NewsIndustry bodies accuse government of creating fire safety ‘lottery’ in schools
According to claims data from Zurich Municipal, major school blazes can cost up to £20m
-
NewsInsurers have paid £968m in interim and final BI claims payments so far
The FCA calculates that 26,238 policyholders out of 41,666 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
-
NewsZurich believes it has been ‘been at the forefront’ of tackling BI claims backlog
UK chief exec adds that the insurer has yet to see the ‘benefits’ of the OIC portal coming through following its launch in May
-
NewsWoodgate and Clark reveals mammoth surge in BI claims
The huge increase in cases has proven to be a ‘game changer’ for loss adjusting
-
FeaturesBriefing: Commercial brokers ‘severely’ affected by FCA pricing reform, yet they are ‘not engaging’
Commercial lines brokers cannot afford to have their heads in the sand thinking the incoming FCA general insurance pricing reform will only impact personal lines brokers
