Covid-19 – Page 41
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NewsStruck out BI claim proves there is no ‘public policy move’ following test case
Barrister says that not all business interruption claim cases will follow the trajectory of the FCA’s test case and that not all clauses will be interpreted in favour of the policyholder
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NewsCovid-19 losses ‘not a major concern’ for Zurich, as group releases Q3 trading update
The insurer is confident that it has limited exposure to any new developments regarding the pandemic
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NewsOrient Express Supreme Court judges to hear FCA test case appeal
Legal experts state the choice of Supreme Court judges is ‘relevant’ and ‘interesting’
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NewsOpinion: Could Covid be hastening the end of brokers going into Lloyd’s to place business?
Technology was always going to be part of Lloyd’s of London’s future, but the pandemic has accelerated its adoption. Will brokers going into Lloyd’s physically become a thing of the past and how will the ‘Future at Lloyd’s’ look post-Covid?
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NewsBike theft claims rise by 125% in three months
London saw the biggest increase in bike theft claims according to the insurtech’s data
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NewsFall in Direct Line Group premium income offset by fewer claims
It is on track to deliver a combined operating ration between 93% and 95%
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News AnalysisFOS receives 68,735 new complaints between July and September
Payment protection insurance (PPI) remains the most complained about financial services product with 12,742 new complaints this quarter
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NewsOne in five cancel insurance amid financial pressure of pandemic – Premium Credit
Rising premiums have seen more customers turn to premium finance
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NewsMotor insurers should escape Covid-caused industry reputational damage - ABI
Industry experts debate why motor insurers should not be tarred with the same brush when it comes to consumer mistrust in the insurance sector as a result of unpaid Covid-related business interruption claims
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NewsPersonal injury sector 'laying down arms' amid Covid crisis - LV=
The insurer’s GI claims director explained that collaboration has trumped the traditional adversity that typically reigns within the personal injury sector
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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NewsAXA reports €38bn revenue for P&C in last nine months
Both commercial and personal line results fluctuated due to the ongoing Covid-19 pandemic
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News AnalysisFCA dual pricing ban could be ‘catalyst’ for Amazon to enter insurance
With rumours of Amazon entering the motorcycle and car insurance market, Insurance Times takes a closer look at how it might affect the industry
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NewsBiba confirms digital conference and exhibition for 2021
The trade body’s annual spring event will move to a digital platform for next year, after 2020’s conference and exhibition was cancelled due to the coronavirus pandemic
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IT Interview‘Mediocrity cannot be tolerated’ in impending LiP portal says Minster Law boss
Although the Litigants in Person portal is pencilled in for an April 2021 launch date, Shirley Woolham warns that unless it is ‘absolutely workable’, then further delays should be recommended
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NewsFCA business interruption test case appeal date set by Supreme Court
Six insurers, the FCA and the Hiscox Action Group are appealing some parts of September’s High Court ruling
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NewsRate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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NewsCompetition will remain high for established brokers in M&A says RSM
However buyers could still be cautious considering the uncertainty of the economic landscape
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People & OpinionQ&A: How SSP’s Intelligent Quotes Hub could smooth the end of dual pricing
Adrian Coupland, customer and marketing managing director of SSP discusses dual pricing ending and how the firm’s Intelligent Quotes Hub technology might help this transition
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FeaturesTech could hold the key as Covid-19 causes BI to become a ‘surge event’
Keoghs partner explains how technology needs to be utilised in order to handle the vast uptick in business interruption claims as this typically low frequency incident becomes a ‘surge event’ following the onset of coronavirus
