All articles by Katie Scott – Page 63
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NewsMcLarens buys global loss adjusting and claims management company
The deal provides a ‘strategic fit’ to boost market presence within the natural resources sector
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FeaturesPandemic insurance set to become ‘mainstream’ following Covid-19 outbreak
Insurance Times explores pandemic insurance availability and coverage prior to the coronavirus pandemic, and how this is geared to change in a post-Covid-19 world
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NewsNearly two-thirds of businesses have had coronavirus-related BI claims rejected by insurers
The Irish survey further showed that a third of business owners are still awaiting a final decision from their insurance company regarding a business interruption claim
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FeaturesCoronavirus: Skincare salon misled by insurer over rejected BI claim
MS Amlin took two months to respond to NuYu London’s claim, despite initially informing the business’s broker that the BI policy would pay out
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NewsTwo-fifths of individuals do not know how to make an injury claim
A further 33% mistakenly believe that making a claim will affect them financially
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NewsLow mileage UK drivers are paying £180 more for cover than those that drive over 7,000 miles a year
By Miles is calling on the ABI to end what it terms the ‘low mileage penalty’
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NewsHiscox Action Group seeks £52m payment for rejected BI claims
The group’s law firm has written to the insurer on behalf of 397 members
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NewsMotor claims fell by 57% year-on-year due to Covid-19 lockdown
April 2020 recorded the lowest total of daily claims submitted on the industry’s low value injury claims portal since 2010
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NewsBroker TL Dallas appoints new commercial managing director
The firm’s new hire has nearly 30 years of industry experience
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NewsLondon market top performers say strong portfolio management led to 5% uptick in COR
New research shows that portfolio management is ‘an increasingly important tool’ in delivering underwriting profit
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NewsMarket growth stagnates as a result of working from home
Broker predicts that ‘permanent virtual world’ post-coronavirus could be ‘dangerous’
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NewsMarkerstudy to make 478 staff redundant due to financial impact of Covid-19
The company has already furloughed more than 1,000 employees, as well as asked staff to take a 20% pay cut and give up sick pay
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FeaturesRisk management is ‘core’ to insurer propositions that improve client relationships
Insurers and brokers are turning to risk management and mitigation to bolster relationships and offer a service differentiator – but does this lead to competition or collaboration?
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NewsBroker labels FCA test case as potentially ‘dangerous’ and ‘bizarre’
But MGA boss applauds the FCA’s intervention for accelerating ‘a process that might otherwise have taken months or years’
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NewsFCA confirms it will investigate 16 insurers’ policy wordings at BI test case
Hiscox, Axa and MS Amlin are among the named insurers that will have its policy wordings reviewed
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NewsGallagher launches new bloodstock, livestock and aquaculture practice
The team has joined from Willis Towers Watson
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NewsLaw firm considers launching group action cases against eight insurers for rejected BI claims
Michelmores has firms such as Aviva, Hiscox, RSA and QBE within its cross hairs
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NewsAllianz’s Jon Dye joins Pandemic Re Steering Committee
The group today announces six new working groups and a project committee
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NewsFCA publishes guidance for insurers and brokers handling BI claims during test case
Firms will be required to review all relevant claims and complaints for test case judgement implications
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NewsCovea faces coronavirus exposure on nursery scheme with PIB Group broker
Nursery owners can potentially claim under the policy’s loss of revenue section
