Covid-19 – Page 56
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NewsHospitality action group awarded right to intervene in FCA test case
HIGA, the group action body fighting rejected BI claims from insurers Aviva and QBE, has been granted permission to intervene in the FCA’s test case.
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NewsInsurers submit defences for FCA test case ahead of July hearing
Insurance Times dips into the defence documents of the eight insurers facing the FCA’s court hearing…
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NewsNDML releases handbook for hospitality and leisure industry reopening
The guidebook details advice on risk management such as how employers should approach staff that have lost a loved one
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NewsSam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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NewsBrokers have ‘big opportunity’ to win accessibility game against direct insurers
A lack of direct insurer communications provides an opening for brokers to be able to help policyholders amid the Covid-19 pandemic; an Insurance Times webinar discusses the topic…
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IT InterviewQ&A: Working from home and financial hardship creates ‘perfect storm’ for fraudulent claims says Horwich Farrelly
Insurance Times quizzes David Scott, counter fraud partner and head of innovation at Horwich Farrelly, about the fraud issues arising from the Covid-19 pandemic and what insurers and claims handlers can do to mitigate the fallout…
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NewsBHIB-backed provider partners with Mazuma
The two firms have joined forces to support freelancers and micro-businesses
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News AnalysisBriefing: Could brokers be next in-line for the Covid-19 BI scandal?
The FCA test case on the validity of business interruption claims in the wake of the coronavirus outbreak will start next month. While insurers have been the ones under the spotlight so far, brokers could be next if insurer’s get a favourable outcome
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NewsHiscox Action Group seeks to intervene in FCA’s test case on BI policy wordings
The Hiscox Action Group has instructed its lawyers to intervene with the FCA’s BI case test, as insurer Hiscox refuses to move forward on any other legal action until the conclusion of the FCA’s hearing.
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NewsWorking from home could cause employee mental health issues
There is a social element to work that employees who work from home may not be getting leading to feelings of isolation as well as having to juggle other responsibilities such as childcare
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NewsMarkerstudy confirms that board directors have taken a 50% pay cut
Markerstudy announces its latest step to stay afloat while battling the financial fallout of the Covid-19 pandemic.
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IT InterviewTraditional insurance does not have ’much shelf life left’, says Pukka’s Sam White
Industry multi-tasker Sam White on why brokers have an ‘important role’ to play in insurance
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IT InterviewOpportunity to boost terror insurance penetration seen amid lockdown
The socio-economic pressure on UK society could lead to a spate of terrorist attacks post-pandemic but there are measures that brokers can take to drive the penetration of terror cover up for SMEs and help ensure they can recover should the worst happen according to Geo Underwriting
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IT InterviewInsurtech offering brokers and underwriters PPL alternative sees business boom during Covid crisis
With Covid-19 accelerating electronic placing in the insurance industry, insurtech Whitespace is on a mission to help brokers and underwriters smoothly transact as its platform business is soaring
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NewsUK personal lines market set for significant shrinkage following Covid-19
And the GlobalData research predicts it will take until 2022 for the market to recover lost GWP
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NewsCovid-19 hits Saga’s travel insurance sales but motor and home retention improves
The business has also sold 533,000 three-year fixed-price policies, with more than 60% of direct new business customers choosing this product
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News AnalysisShort-term rentals and Airbnb insurers impacted by Covid-19 lockdown
With lockdown easing, the sharing economy may be able to recoup some losses, but at the same time new risks and property exclusions have emerged
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NewsCovid19 forces sharing economy insurer Pikl to refocus business
With bookings dropping by more than 90% the insurtech has had to refocus, but it plans to launch some new products as it switches its target area of business during lockdown
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News AnalysisLaw firms create interfaces for delayed LiP portal as its deemed ‘too complicated’
Some law firm’s have created their own technological interfaces to support insurers responding to claims or claimants filing one, Insurance Times investigates why
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NewsPIB Group’s McManus says the home working ‘experiment is working’
The broker’s chief executive told Insurance Times that the nationwide move to working from home in accordance with Covid-19 social distancing measures has ‘completely changed our attitude’
