Latest News – Page 341
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NewsGovernment in talks with insurers over rising D&O cost
Widespread concerns that small businesses in particular are struggling to meet the cost of rising D&O premiums
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NewsMajority of businesses aware of flood risk, but less than half have comprehensive cover
The insurtech MGA revealed the findings from its latest report as part of its risk awareness campaign – Flood February set to target commercial lines brokers
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NewsRevealed: Two insurers top Insurance Times’s personal lines survey with five stars each
The results for this year’s personal lines five star ratings are in - two insurers have trumped the competition to achieve five stars each, but can you guess who they are?
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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NewsMPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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NewsMotor injury claims fall by 23% year-on-year due to Covid-19
Overall, claims fell by 47% last year across motor, employers’ liability, public liability and clinical negligence claims
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NewsCovid claims lead to Beazley profit plunge
Claims payouts from the coronavirus pandemic have led to a significant decline in profit for the insurer
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NewsInsurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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NewsHome insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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NewsBroadway Insurance Brokers’s new director of business development set to ‘supercharge’ expansion
He has more than 40 years of experience and is one of the North West’s most respected bankers
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NewsApollo Syndicate Management appoints new group chief operating officer
The new hire has served tenures at both Lloyd’s and HSBC
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FeaturesGreater data analytics gives FCA ‘finger on the pulse’ of GI market
Insurance Times explores what the FCA’s increased use of data analytics could mean for brokers and insurers as the regulator learns more about the firms it supervises
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NewsFormer Allianz Business Services MD to lead JM Glendinning’s Newcastle office
The move will also see the firm’s former managing director of the North East take on new board responsibilities
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NewsE-scooter insurance demands from local authorities are ‘very different’
Local authorities have very different capabilities when dealing with the procurement of e-scooters and insurance demands also vary
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NewsInsurance claims against property agents surge – Mint Insurance Brokers
Over the last year and a half, there has been a surge in claims due to tenants’ deposits not being lodged on time
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NewsCyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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NewsRomero Group to post strong growth despite Covid pressures
Romero Group credits investment in people for another consecutive year of growth
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NewsMotor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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NewsIUA appoints Zurich commercial head as new chairman
New head replaces Patrick Tiernan who will be taking on the role of chief of markets for Lloyd’s of London
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NewsCovid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
