All articles by Katie Scott – Page 61
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NewsDirect Line Group rolls out LeakBot devices to its UK HNW home insurance customers
LeakBot progresses partnership agenda as DLG joins Hiscox among the technology company’s insurer partners
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NewsMore than a third of SMEs are interested in pandemic-related insurance
However, a pandemic insurance product targeted at micro or sole trader sized businesses could be ‘unsustainable’ for insurers says analytics firm
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NewsLaw firm considers legal action against 12 insurers following BI test case result
Mishcon de Reya believes insurers such as Aviva and Chubb should be paying out for Covid-related business interruption claims that fall under ‘resilience’ policy wordings
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NewsRegulator’s ‘culture shift’ forces firms to place greater emphasis on vulnerable customers
Law firm partner addresses MGA online delegates to discuss the FCA’s switch in stance around ‘value’ and ‘outcomes’
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NewsConvex Group announces new chief executives in Bermuda and London
Co-founder Paul Brand steps down to make way for two internal promotions
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NewsGRP completes first deal in Republic of Ireland with majority share purchase
The deal signals GRP’s intention to seek further acquisitions in the country
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IT InterviewKingfisher adopts strong M&A focus as part of business re-brand
A 12-month, multimillion pound transformation and change project has seen Vantage Holdings morph into the newly rebranded Kingfisher Holdings. Insurance Times gets the details from the firm’s group chief executive
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News AnalysisFraudulent claims could arise from Leighton Buzzard earthquake
Although some residents reported their houses were shaking as a result of last Tuesday’s quake, insurance professionals are taking a more sceptical view of property claims due to ‘very minor’ tremors
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News AnalysisPolicyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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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
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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
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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
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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
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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’
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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
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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
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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
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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’
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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’
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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
