Latest News – Page 309
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NewsBiba’s 2020 turnover fell by 36% due to Covid-19 impact
However, the trade body was able to return ‘a small surplus’ because of ‘measures to curtail expenditure’
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NewsCII backs regulators’ plans to overhaul diversity and inclusion in financial services
The regulators’ discussion paper is open until 30 September 2021 - any feedback and data received will be used to develop detailed proposals around D&I
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NewsABI members hold power to provide a third of money needed for UK to meet net zero
The trade body seeks sector solutions to ’the greatest threat facing our planet’ as insurance is ’uniquely placed to drive the transition’ towards net zero carbon emissions
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NewsIFED cracks down on insurance ghost broking with seven arrests
The IFB’s head of intelligence and investigations said ghost brokers ’are not afraid to take advantage of the financial hardship so many drivers are facing right now’
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FeaturesFire safety reform and PI withdrawal creates ‘existential moment for the insurance industry’
Four years on from the Grenfell Tower fire, industry experts debate the draft Building Safety Bill and what has been done so far to address fire safety
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NewsJMG Group buys its first business in the South of England
The acquisition will build the foundations for future growth as the group seeks to invest in more independent insurance brokers
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NewsVerlingue UK Group increases turnover by 2.7% in 2020
Profit before tax increased by 23.5% compared to 2019
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NewsUK construction plant fire claims doubled in 2020 – HSB
The claims surge can be attributed to the pandemic, says product lead
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NewsCyber insurance industry predicted to exceed $20bn GWP by 2025 – GlobalData
The pandemic has triggered a ‘permanent shift’ in the way businesses operate, which will push the demand for commercial and personal cyber cover
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NewsGlobal cyber insurance pricing increases by 32% – Howden
The rampage in ransomware now poses a predominant threat to businesses of all sizes
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NewsUK government publishes long-awaited Building Safety Bill
Despite the bill being welcomed, insurance industry leaders highlight concerns for buildings under 18 metres tall as ‘fire does not respect arbitrary height limits’
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NewsArdonagh-owned Atlanta Group creates two senior roles to broaden distribution reach
The new hires join from GoCompare and SSP
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NewsAston Lark clocks up another acquisition by purchasing wholesale broker
The transaction aims to help Aston Lark’s UK and Ireland operations ‘win more business and grow’
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NewsEsure Group secures five-year partnership with Minster Law
Part one of the whiplash reforms, which launched on 31 May, ‘is an opportunity to iron out poor practises and simplify the claims journey’ says esure chief claims officer
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NewsAllianz announces four new senior hires
The hires, two of which have been promoted internally, will fill roles within motor claims, property, injury and supply chain
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NewsBusinesses are still not recovering resiliently from flooding – Marsh Risk Consulting
Considering how the industry can rise to meet flooding challenges, parametric solutions are ‘giving people hope’, says consulting director and head of climate and catastrophe resilience
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NewsMMC must not be confused with combustibility
The Grenfell Tower fire ‘underlined some of the systemic failings’ within the construction sector and highlighted the danger of combustible materials being used in building works
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NewsGlobalData identifies the top 50 AI startups with unicorn potential
Five firms are predicted to be the fintechs and insurtechs to watch
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NewsFootballer ordered to pay £5,000 following insurance fraud
A 33-year-old man scored a halfway line goal during a football match, despite claiming that he was unable to play after sustaining a foot injury in a road traffic accident four years ago
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NewsMark Farmer: Insurance and construction sectors ‘need to get closer together’ on MMC
Underwriters must work with construction businesses to understand how modern methods of construction aim to eliminate randomised and systemic risks
