Latest News – Page 317
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News AnalysisMIB establishes working group to understand hybrid injury claims
The working group has a shared vision to avoid any detriment to injured claimants
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NewsLV=GI reveals car claims climb as lockdown restrictions ease
The insurer believes the uptick is connected to the easing of lockdown restrictions
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NewsAviva sued for alleged loss of income after Covid office closure
The law firm claims that Aviva owes them money for loss of income due to the Covid-19 pandemic
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NewsAviva uncovers escalating GI fraud by organised gangs and chancers
Insurance claims tainted with fraud amounted to more than £113m last year
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NewsBought by Many becomes a unicorn following latest funding round
The business has also doubled its team over the past year entirely remotely - it now employs more than 265 people, which it hopes to double again in the next 12 months
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NewsHowden launches ESG-focused insurer
The new business, which plans to begin underwriting from 1 January 2022, indicates ‘a step towards facilitating long-term industry change’ around resilience
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NewsQ&A: Travelers weigh in on building successful scheme partnerships
Jonathan Forster, Travelers SME distribution director tells Insurance Times about the value of schemes partnerships for brokers and insurers
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NewsTwo in three home insurance buyers manipulate truth to get cheaper cover
LexisNexis Risk Solutions’s senior claims manager says that home insurers need to ’tackle the common misconception that they actively try to avoid paying out claims’
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NewsDrone broker gears up for international growth after securing £1m funding
The company will continue to develop its products for new drone applications
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NewsNovidea secures $30m Series B financing to accelerate growth
The funding will help grow the insurtech’s product road map and global expansion
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NewsQ&A: Outsourcing claims as the future of insurance – The Insurance Solutions Group
In the June 2021 issue, Andy Walmsley, group operations director for the Insurance Solutions Group (formerly known as Service Solutions Group) tells Insurance Times why he believes outsourcing claims can provide a better outcome for all parties
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NewsEthos Broking UK expands East Anglia footprint with third buy this year
The broker’s M&A strategy remains unaffected despite the Covid-19 pandemic
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NewsFirst Central Group announces chief financial officer succession
The new CFO has previously worked for Direct Line Group, Quilter and PWC, to name a few
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NewsSlater and Gordon reveals digital service to help customers pursue injury claims
The law firm’s chief executive says the service’s first product will make it easier for claimants filing personal injury claims by using automation
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NewsIntact and Tryg complete cash acquisition of RSA
The transaction ‘has delivered attractive, certain value for our shareholders’ says RSA chairman, as Intact promises to ‘build on the well-recognised RSA brands and scale in home and commercial lines’
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NewsGovernment committee proposes time limited insurance scheme to prevent live event ‘lost summer’
DCMS committee says ‘the government must act now’ as there is ‘no more room for excuses’
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NewsThe FCA’s pricing policy changes could be ‘profound’
Abolishing ‘unethical price walking’ could encourage insurers to find ‘more innovative ways’ to ‘rip off’ customers
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NewsDive In Festival announces 2021 return
Concentrating on active allyship, this year’s event aims to drive ‘real change’ in the insurance industry
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NewsCNA Hardy allegedly paid $40m to ransomware attackers
The firm said in a statement that the investigation is ongoing, but it has shared some information regarding the ransomware attack in March
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NewsFCA publishes policy statement confirming price walking remedies
Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’
