All articles by Katie Scott – Page 64
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NewsPIB Group to rebrand 12 businesses under PIB Insurance Brokers
The move aims to create a united specialist commercial lines division
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NewsGovernment should use claims management capability during pandemic, says PIB boss
Brendan McManus explains that the insurance industry could have supported the government throughout the coronavirus crisis
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NewsHiscox Action Group triggers arbitration clause in bid for £40m pay out for rejected Covid BI claims
The group’s law firm is acting on behalf of 350 Hiscox Insurance policyholders
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NewsThompson and Richardson buys Lincolnshire-based broker
The deal is the firm’s first since becoming an Ethos Broking regional partner
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NewsTwo-thirds of UK brokers don’t think the industry has responded well to the Covid-19 crisis
Nearly all of the research respondents agreed that policy wordings need to be reviewed urgently
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NewsGerman fraudster jailed for two years after failed £6m insurance scam that amputated his left hand
The scammer let a train run over his left hand so that he could claim on numerous accident insurance policies
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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’
