Covid-19 – Page 62
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NewsHiscox Action Group has ‘good chance’ of succeeding with legal action
The group’s law firm is planning to launch an expedited arbitration claim against the insurer in the next few days
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IT InterviewClaims is on a ‘big journey’ to catch up with digital revolution says AXA’s Malik
The claims managing director believes the use of data and analytics has been exhausted in pricing, and should instead be used to enhance the customer experience
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NewsFCA invites brokers and policyholders to contribute to BI legal declaration process
Insurance intermediaries have until 20 May to submit materials to the regulator
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FeaturesFraud Charter: Lockdown home working increases risk of insider insurance fraud
Industry leaders discussed how to stamp out insider fraud opportunities brought about by remote working at Insurance Times’s virtual roundtable
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NewsMGA to offer Covid cleaning service for offices
The service is aimed at reducing the risk of Covid-19 for staff returning to offices post-lockdown as well as making sure unoccupied properties are secure and checked
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FeaturesFraud Charter: Insurers need to engage with supply chain to avoid fraud temptations
Industry experts are seeing prolonged credit hire periods and fumigation charges within the motor insurance supply chain as a result of the coronavirus pandemic
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Online only‘Our staff were absolute heroes’ - Brightside boss reveals motor broker’s challenge amid Covid crisis
Brendan McCafferty says crisis has shown how Brightside staff can be trusted
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NewsAirmic calls on insurers to ‘look favourably on grey area claims’
The trade association believes the ‘interpretation of wording regarding the pandemic’ could cause friction for insurers’ relationships with corporate clients
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NewsFCA orders insurers to support customers in coronavirus-related financial hardship
The range of measures proposed by the regulator are effective from 18 May 2020
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NewsGovernment launches temporary reinsurance scheme to facilitate access to trade credit insurance
The initiative aims to help businesses recover from the economic shocks of the Covid-19 pandemic
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NewsDentist trade body mulls legal action against insurers for non-payment of Covid claims
The trade body for dentists said that the industry has been ’blindsided’ due to lack of effective responses from insurers
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NewsAXA sees 60% decline in commercial and retail motor claims since coronavirus lockdown
The insurer’s claims managing director also reports a ‘spike’ in travel and business interruption claims related to the Covid-19 pandemic
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IT InterviewMGA Q&A: So-sure reacts to Covid-19 lockdown by reducing pricing to reflect changed risk
So-sure’s chief executive Dylan Bourguignon talks to Insurance Times’s Savan Shah about standout services and reacting to the coronavirus pandemic
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NewsSRA confirms law firms can apply for professional indemnity extension due to Covid-19
Lawyers struggling to secure professional indemnity coverage in light of the pandemic can apply for extra time
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NewsZurich reveals $750m of estimated coronavirus claims
But insists these remain within the insurer’s risk tolerance
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NewsMotor insurers sent 80% fewer new work instructions to UK body shops in April
Last month, the net average repair cost estimation also reached a two-year high of more than £2,000
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NewsLloyd’s set to pay out up to $4.3bn in Covid-19 claims
CEO John Neal said the coronavirus crisis “will challenge the industry as never before”
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NewsIndustry duo propose Totus Re to address future pandemic risks
The idea is proposed by Worry+Peace founder James York and Liz Foster who say that the current approach to managing super-perils is no longer sustainable
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IT InterviewInsurance market is on the back foot in dealing with Covid-19 pandemic says law firm partner
Insurers and brokers need to move past the crisis management phase and think of future solutions to mitigate pandemic risks
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NewsZego expands van fleet insurance partnership with RSA
It caters to the spike in demand for delivery and courier fleets during the UK’s lockdown
