Covid-19 – Page 36
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News'One insurance scam per minute' during pandemic, warns IFB
Insurance fraudsters are using the pandemic to make money from unsuspecting consumers
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NewsLiP portal delay is ‘rare bit of good news’ say insurers
Regardless of the launch date, there are still likely to be ‘teething problems’ – embedding the new system will therefore be a priority for insurers
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NewsGovernment pushes back LiP portal roll out to May 2021
Lord Chancellor says the delay is ‘a sensible and pragmatic approach’ considering the continued challenges arising from the coronavirus pandemic
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NewsIrish insurer offers partial premium refunds to some pub owners over BI confusion
However, it is reported that less than 10 pubs will be receiving this support
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NewsCar insurance premiums on the rise after 2020 dip – MoneySuperMarket
The comparison site attributes the increase to looser lockdown restrictions in Q4 2020
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NewsOpportunity around green parts is ‘too big to miss’ says Ageas UK claims director
The impact of the Covid-19 lockdowns last year enabled green parts to step up to the plate and fill distribution gaps in repair supply chains
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NewsTravel insurance sector set to face more upheaval in 2021 warns IPP boss
The uncertainty that has accompanied the Covid-19 pandemic has put the travel industry into a huge amount of debt, and it could get a lot worse
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News AnalysisCovid-19 pandemic sees more insurers exit financial failure insurance
As of January 2021, policyholders will not be able to renew financial failure insurance to comply with Package Travel Regulations, meaning they cannot trade. Insurance Times explores options for these customers and what brokers can do to help
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FeaturesBriefing: Insurers must be ‘mindful’ of recession-induced fraud
Insurance companies need to issue a war cry to customers, using transparent communications and fraud education to work together to stamp out Covid-linked fraud
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NewsBrokers experience 30% decrease in available liquidity due to Covid-19 pandemic
Around 19,000 firms responded to the FCA’s financial resilience surveys last year, designed to determine the financial impact of the coronavirus pandemic on the financial services sector
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NewsZurich UK offers fully paid emergency leave for parents and carers during latest lockdown
Since March 2020, Zurich has implemented a number of measures for employee wellbeing including the provision of additional free office equipment for safe and effective working from home
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NewsEngagement in the FCA’s BI court process ‘a good thing for the industry’ says Ageas claims boss
The insurer’s claims director believes the insurance sector has taken a ‘collaborative approach’ to dealing with the BI claim fallout arising from the coronavirus pandemic lockdowns
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NewsMike Brockman’s ThingCo secures £3m investment
The investment will help ThingCo meet the growing telematics demand from the insurance market
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NewsCriminals cash in on lockdown puppy surge but insurance does not cover ransom
Insurance will not cover a ransom charge for stolen pets
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NewsQuarter of a billion worth of claimant damages stuck in litigation process – Zurich
Road traffic accident claimants are having to wait for more than a year before being heard in court, finds the insurer’s analysis
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NewsMusic lobby group calls on government to underwrite festival insurance schemes
The music lobby group is working with the government to identify how it can hold live music events safely and reduce the risk of contracting the virus
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NewsLloyd’s of London closes underwriting room again
Following the tightening of the UK’s lockdown restrictions, Lloyd’s has shut its underwriting room yet again
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NewsNew Dawn Risk warns of pressures on commercial SME buyers and newer products
New Dawn Risk’s chief executive gives his predictions for insurance consumer confidence as the UK is plunged into lockdown yet again
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
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NewsOpinion: Preparing for the next wave of claims
Climate change is so big that we do not even see it as a wave that may “break” and cause havoc for us, writes Hans Læssøe, founder of AKTUS
