All articles by Katie Scott – Page 55
-
News AnalysisFCA called out as ‘shining example of regulatory intervention’ for test case action
Despite being celebrated as a policyholder victory, many legal professionals feel this reaction to the test case verdict could be ‘premature’ as the likelihood of an appeal from insurers still looms large
-
News AnalysisBI test case decision is ‘conclusive judgment in favour of policyholders’
Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings
-
NewsCMA ‘concerned’ that Ardonagh’s purchase of Bennetts will lead to ‘worse deal’ for customers
The firms now have five days to respond to the CMA’s initial findings; if its key issues are not addressed, then an in-depth phase two investigation will be required
-
News AnalysisTest case judgment could be ‘the difference between life and death’ for Covid closed businesses
Brokers rejoice as High Court ruling provides clarity for customers’ business interruption claims caused by Covid-19 pandemic
-
NewsCII urges industry to develop an approach to pandemics to avoid further test case scenarios
The professional body says that building trust across the industry is a ‘key concern’
-
News AnalysisHigh Court rules in favour of FCA for majority of Covid-related BI wording interpretations
As the High Court ruling was revealed this morning, Insurance Times finds out what some of the industry thinks about the verdict
-
News AnalysisBusiness interruption test case judgement will not be the ‘final word’
Law firm partner says that there will be an ‘inevitable appeal’ following the delivery of the FCA’s test case verdict tomorrow and that early 2021 may be a more realistic timeline for the concluding decision
-
NewsSlovenian woman cuts off own hand in insurance fraud attempt
The culprit and her boyfriend were hoping for a €380,000 payout from life and injury insurance policies across five different insurers
-
News AnalysisHospitality and leisure sector should expect ‘surge’ in EL claims
Law firm partner notes ‘that Covid negligence claims will make PPI claims look like a warm-up act’
-
News AnalysisFCA test case result will be of ‘crucial significance’ says law firm partner
The verdict, which is to be announced tomorrow, will also ‘provide persuasive authority in a number of common law jurisdictions’
-
FeaturesDelegated authority agreements: What are the red flags and long-term fixes?
Delegated authority agreements have become a staple for many insurers. Insurance Times takes a look at the pitfalls to be wary of, the questions insurers should be asking and how to ensure these arrangements are successful
-
NewsQlaims appoints new chief commercial officer
The new hire has previously worked at firms such as Hastings Direct, Broker Network and Lloyd’s
-
NewsInsurance quotes for ecommerce boomed as businesses pivoted during lockdown
Trends for types of combined commercial policies reflect how businesses have adapted during the coronavirus pandemic, says Superscript
-
NewsCarrot Insurance urges government to incentivise young drivers’ telematics usage by removing IPT
Responding to the House of Commons’ Transport Select Committee’s inquiry into the reasons why young drivers are at a higher risk of being involved in road traffic collisions, the black box insurer believes all 17 to 22-year-olds should have a telematics policy for a year after they pass their driving ...
-
NewsCoronavirus lockdown causes 0.3% decline in home insurance premiums
However, average premiums for this line of business has increased by 3% over the last 12 months
-
NewsInsurers unveiled 107,000 fraudulent insurance claims in 2019
This equates to a new insurance scam being uncovered every five minutes, totalling around 300 fraudulent claims a day
-
NewsTreasury initiates next five-year review of Pool Re
A new Review Advisory Group, composed of chief executives from member insurers as well as other stakeholders, will oversee the project
-
NewsABI records 48% decline in motor claims between 2020’s Q1 and Q2
However, the value of claims being paid has climbed by 27% - the largest reported quarter to quarter increase
-
NewsCapsicum Re to rebrand in order to align with broader broking business
Gallagher’s broking and underwriting chief executive describes this change as the ‘next iteration’ of the business as it looks to ‘realise the magnitude of untapped opportunity that lies ahead for our reinsurance team’
-
NewsHome and motor insurers’ Covid-19 support pledges extended to October
ABI says that the insurance industry has a ‘vital role’ to play during the pandemic, acting as the ‘final safety net for customers’
