Latest News – Page 281
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NewsRansomware and cyber war wording innovation named in 2023 tech predictions – DAC Beachcroft
Cyber war endorsements could invite innovation, says the law firm
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NewsInsurers’ capital outlook darkened by increasing climate risk – GlobalData
Extreme weather events have already caused UK insurers to lose around £1.5bn, says senior insurance analyst
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NewsConsilium hires Ed Broking veteran as new co-chief executive
The new co-chief executive has been colleagues with Consilium’s James Baird for 22 years
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NewsIndustry chatter around lack of UK-based M&A targets is ‘nonsense’ – Phil Bayles
Ardonagh Advisory’s chief commercial officer gives Insurance Times his opinion on the current lay of the land around broker consolidation
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NewsFraud experts warn of worrying rise in physiotherapist-driven ‘prognosis creep’ on OIC portal
The time needed for claimants to provide medical reports has increased in some cases, raising the risk of fraud
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NewsInsurance sector employers have ‘legal duty’ to provide safe workplace as Covid and flu surge
Employers must take steps to keep employees safe, says law firm partner
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NewsOpportunity for legacy firms to ‘up their game’ as consumers seek stability – Solaris
Embedded insurance is one way to meet this demand, although it comes with challenges
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NewsRecession and cost of living crisis triggers ‘pandemic of fraud’ – Weightmans
Both financially vulnerable customers and organised criminals are behind the increase, says the firm
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NewsStephen Kennedy: Firms ‘won’t be bored in 2023’ with general insurance pricing
Pearson Ham’s director of insurance pricing states that a ‘fine balance needs to be struck between inflation, competition, demand and growth’
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NewsInsurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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NewsGRP snaps up South Wales-based broker in latest acquisition
Joining forces with a ‘progressive, dynamic and entrepreneurial’ team made the deal particularly attractive for the group
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NewsClimate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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NewsRoyal Mail hit by ‘cyber incident’ that caused disruption to international post
Royal Mail has apologised for any inconvenience caused and has also launched a full investigation alongside cyber crime experts
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NewsDirect Line navigating further motor claims inflation
The insurer noted that claims inflation remains a feature of the market
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NewsDirect Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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NewsMarkel International promotes internally for new chief operating officer
The chosen appointee has proven herself to be ‘invaluable’ during her time at the business
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NewsFCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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NewsBiba board extends ex-Conservative MP tenure as chair for three more years
For two decades he served as an MP and MEP
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NewsFCA’s Consumer Duty causes apprehension among majority of brokers – Ecclesiastical
Nearly three quarters of brokers said the ramping up of regulation was overwhelming
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NewsJensten Group buys Coversure Kidderminster
The broker hopes to open up at least ten new offices this year throughout the UK
