All articles by Katie Scott – Page 72
-
FeaturesThe Briefing: Coronavirus impacts on GI – Is the insurance sector caught in the crossfire of Covid-19 pressures?
Financial services consultancy says ‘the expectation for the industry to just pick up the tab for a once-in-a-century crisis like coronavirus is just not reasonable’
-
NewsMore consumers want to purchase insurance in light of Covid-19 pandemic says consultancy
The Capgemini Research Institute found a 10-percentage point increase in the number of consumers looking to buy insurance
-
NewsMore than half of UK publicans have had their BI claims rejected says trade association
Nearly two-thirds of pub owners have also had their pandemic insurance applications refused
-
NewsZurich joins Uinsure’s household and buy to let insurance panels
The panel already includes AXA, Ageas and RSA, to name a few
-
NewsTokio Marine Kiln appoints new chief underwriting officer from Chubb
The new hire has experience in specialist markets
-
NewsLV= ringfences £30m to help customers suffering financial hardship because of Covid-19
The insurer will redirect savings from reduced claims during lockdown to help car and motorbike policyholders
-
NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
-
IT InterviewLexisNexis Risk Solutions UK boss says use of policy history information is ‘really rudimentary’
The firm’s managing director for UK and Ireland believes policy history data could be better utilised to improve ratings and underwriting
-
NewsFCA to obtain legal clarity on BI insurance following influx of coronavirus-related claims
The regulator has also offered guidance to insurers, asking them to assess the value of their products in light of the Covid-19 pandemic
-
FeaturesIndustry experts warn of insider fraud as a result of Covid-19 pandemic
A panel of UK and US insurance professionals say insurance staff working from home may undertake opportunistic fraud to mitigate financial hardship brought on by the pandemic
-
NewsTourist railway ‘treated badly’ by MS Amlin over rejected coronavirus-related BI claim
The SME is teaming up with its broker to mount a challenge against the insurer
-
FeaturesCoronavirus: Rejected business interruption claim case studies
Insurance Times takes a deeper look at two business interruption claim case studies, investigating the impacts of insurer decisions on SMEs and brokers
-
NewsHiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
-
NewsHospitality sector to bring group action against insurers refusing Covid-19-related BI claims
A collective claim by group registrants is likely to run into tens of millions of pounds
-
NewsLaw firm says insurance claims among most likely to succeed in UK courts
More than half of cases brought by insurance policyholders succeed at the first instance
-
NewsCrawford and Company confirms new chief executive and president in US
The new Atlanta appointments will be effective from 15 May
-
NewsHiscox Action Group secures funding for legal BI claim battle
The initial funding will allow appointed law firm Mishcon de Reya to review policy claims
-
IT InterviewSteer clear of inaccurate telematics apps says insurtech boss
ThingCo chief executive explains that smartphone apps may offer a cheap solution for insurers and brokers, but they don’t enhance the claims process
-
NewsAXA to award Irish motor policyholders €33 rebate each as a result of coronavirus lockdown
Around five insurers are expected to offer Irish customers refunds on their motor insurance
-
FeaturesCoronavirus: Will public liability insurance extend to cover the online home exercise boom?
As the UK’s lock down continues, exercisers turn to social media and digital channels while gyms are shut. But are there public liability risks associated with online home exercise classes, Insurance Times finds out
