All articles by Katie Scott – Page 67
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NewsCredit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
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NewsInsurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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IT InterviewIndustry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
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IT Interview‘Our relationship with insurers is very strong’ says Copart UK boss
Insurers initially turned to salvage as a solution when body shops and repairers struggled to secure parts amid Covid-19 pandemic
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NewsCovid-19 is ‘kick ass call to action’ for insurers to move away from traditional working patterns
The Covid-19 pandemic and associated lockdown regime is a “kick ass call to action” for insurance companies to reinvigorate working patterns to adapt to “new social norms” once offices re-open.
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NewsLaw firm launches group action against Hiscox and RSA for rejected Covid-19 BI claims
Specialist insurance law firm Edwin Coe has launched two new group claims against insurers Hiscox and RSA regarding rejected business interruption (BI) claims linked to the ongoing Covid-19 pandemic.
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NewsBeer and pub trade bodies slam ‘collective failure of insurers’ during Covid-19 crisis
Four trade associations pen open letter to the ABI in order to obtain a meeting with insurer bosses
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NewsClear Insurance Management makes two new board appointments
Independent broker Clear Insurance Management has made two new additions to its board, appointing Tim Money as its chief financial officer and Nick Gallimore as group operations director, subject to FCA approval.
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NewsAviva estimates Covid-19 impact on specialist schemes and brokers as related BI claims reach £200m
Insurer Aviva has estimated that business interruption (BI) claims related to the Covid-19 pandemic will amount to around £200m across its global general insurance portfolio, net of reinsurance.
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NewsHospitality action group to challenge Aviva and QBE on rejected Covid BI claims
Legal firm Mishcon de Reya has reviewed more than 500 business interruption policies submitted by applicants
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NewsCopart UK uses Covid-19 lockdown to focus on business growth and expansion
The salvage company has invested in around 80 new loader trucks for winter
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FeaturesCovid-19 is ‘wakeup call’ for industry to embrace digital transformation
As the world moves away from face-to-face interaction in light of the coronavirus pandemic, it’s time for the insurance sector to fully grasp previously ignored technological tools
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NewsAdmiral records 46% increase in bicycle theft over last seven weeks
Insurer Admiral has reported a 46% increase in the number of bicycle theft claims made over the last seven weeks, while Brits have been enduring the nation-wide Covid-19 lockdown, compared to the same period in 2019.
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NewsInsurers have ‘adequate buffer’ of capital to withstand pandemic shocks says credit rating agency
The agency’s report further highlighted reputational risk as a potential problem
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NewsAviva and Zurich UK among insurers contributing to new industry-wide coronavirus support fund
The fund is supported by members from the ABI, Biba, Lloyd’s and the London Market Group
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NewsBrokers should be careful declaring cover for Covid BI claims
Brokerbility’s chairman further notes the ‘unintended consequences of sloppy underwriting’ and ’boilerplate clauses’ contributing to brokers’ headache around navigating rejected BI claims
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NewsHiscox Action Group has ‘good chance’ of succeeding with legal action
The group’s law firm is planning to launch an expedited arbitration claim against the insurer in the next few days
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IT InterviewClaims is on a ‘big journey’ to catch up with digital revolution says AXA’s Malik
The claims managing director believes the use of data and analytics has been exhausted in pricing, and should instead be used to enhance the customer experience
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NewsFCA invites brokers and policyholders to contribute to BI legal declaration process
Insurance intermediaries have until 20 May to submit materials to the regulator
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FeaturesFraud Charter: Lockdown home working increases risk of insider insurance fraud
Industry leaders discussed how to stamp out insider fraud opportunities brought about by remote working at Insurance Times’s virtual roundtable
