Covid-19 – Page 65
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NewsCovid-19: Insurers in talks to set up fund to help stricken charities
Fund would provide relief to charities unable to collect funds amid the lockdown measures
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NewsCovid-19: SMEs could stop buying BI policies
A survey found a significant number of companies would not bother buying such cover in the future
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NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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NewsCouncil warns schools on PPE production risk
Warning comes as schools step in produce protective equipment
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NewsAnimal Friends Insurance partners with Aviva
The partnership offers a digital solution for policyholders needing professional advice from a vet for their pets
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NewsFCA to obtain legal clarity on BI insurance following influx of coronavirus-related claims
The regulator has also offered guidance to insurers, asking them to assess the value of their products in light of the Covid-19 pandemic
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NewsNGO coalition call on insurers for ‘green and fair recovery’ from Covid-19
NGOs are concerned the insurance industry risks repeating the mistakes it made when it identified pandemic danger
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NewsNDML and NTIA call on chancellor to release Pool Re funds
They have penned an open letter to Rishi Sunak
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FeaturesIndustry experts warn of insider fraud as a result of Covid-19 pandemic
A panel of UK and US insurance professionals say insurance staff working from home may undertake opportunistic fraud to mitigate financial hardship brought on by the pandemic
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NewsTourist railway ‘treated badly’ by MS Amlin over rejected coronavirus-related BI claim
The SME is teaming up with its broker to mount a challenge against the insurer
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NewsLancashire reveals $35m coronavirus claims for Q1
The insurer’s charitable foundation has also made a £100,000 donation to coronavirus causes
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FeaturesCoronavirus: Rejected business interruption claim case studies
Insurance Times takes a deeper look at two business interruption claim case studies, investigating the impacts of insurer decisions on SMEs and brokers
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NewsMarkel confirms Olympics and Wimbledon exposure as it reveals $325m coronavirus hit
The insurer is also preparing for “significant litigation” surrounding the handling of pandemic claims and is reviewing wordings to limit future risk exposure
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NewsAdmiral’s premium refund “sets precedent” for motor market
Research firm GlobalData says move will help the insurer retain customers and market-leading GWP share
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NewsHiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
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NewsHospitality sector to bring group action against insurers refusing Covid-19-related BI claims
A collective claim by group registrants is likely to run into tens of millions of pounds
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NewsLaw firm says insurance claims among most likely to succeed in UK courts
More than half of cases brought by insurance policyholders succeed at the first instance
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NewsHiscox Action Group secures funding for legal BI claim battle
The initial funding will allow appointed law firm Mishcon de Reya to review policy claims
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NewsEcclesiastical reveals broker social media guide amid Covid-19 lockdown
It aims to help brokers stay connected with customers during the pandemic
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NewsDentists threaten to sue insurers after being denied insurance payout
One in five dentists estimate that they will only be able to last one month without financial assistance
