Latest News – Page 344
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News Analysis
Brokers ‘inundated’ following Supreme Court BI appeals ruling
Brokerbility’s executive chairman says ‘time is of the essence’ as brokers scramble to ‘calm nerves of both staff and clients’
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News
ThingCo secures van broker partnership
The insurtech hopes to make improve safety on the roads and reduce insurance costs
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News
Supreme court appeals ruling is ‘watershed moment’ for insurance industry
Following the ruling from the Supreme Court case on the business interruption appeal, Broadway Insurance Brokers’ chief executive gives his views
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News
ABI backs government funded indemnity scheme for care homes and pharmacies vaccination
The vaccine minister confirmed that this scheme was to provide insurance such as clinical negligence and employers liability
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News
Covid-19 pandemic exposes brokers’ over-reliance on price comparison websites
The UK lockdown has presented a unique challenge for brokers trying to get new business
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News
Supreme Court BI appeal highlights need for national risk strategy – Totus Re
James York co-founder and co-convenor of Totus Re tells Insurance Times why the Supreme Court decision sheds light on the need for a national risk strategy
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IT Interview
‘We’re not interested in profit – we’re interested in building an asset’ says McCarron Coates
The Leeds-based commercial broker tells Insurance Times about its ‘old-fashioned’ approach to broking and why service quality is paramount
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News Analysis
Supreme Court BI ruling acts as ‘rude awakening’ for insurers
The ruling following the test case appeal at the Supreme Court will see insurers pay claims to businesses, as well as review policy wordings - but how have insurers reacted to the decision?
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Features
Businesses set to shun D&O cover due to sky-high premiums
As the coronavirus pandemic puts directors’ and officers’ premiums into overdrive, Insurance Times takes a look at potential claims risks and trends in this section of the market
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News
Aon dumps Trump Organisation
It follows Trump supporters storming the Capitol on 6 January in protest of the voting system which the outgoing president claimed was ”fraudulent”
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News
Esure confirms IT expert as non-executive director
The insurer believes the new hire ‘will bring a fresh perspective’
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IT Interview
‘Personal relationships really matter in this industry’ – SRG’s Downey
SRG boss Warren Downey learned his trade from some of the best and brightest names within UK broking – he tells Insurance Times his story and route to leadership
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News
handl Group buys brain injury rehabilitation firm
The firm’s chief executive believes the acquisition will make ‘a very valuable contribution’ to the overall business
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News
Supreme Court BI ruling has produced ‘wordings lottery’ – Mactavish
The firm’s chief executive further believes that ‘the relationship between brokers and insurers requires robust and immediate regulatory action’
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News
Better technology in cars will not cause blanket claims inflation – Ageas
As more sophisticated technology becomes commonplace in cars, the cost of repair will fall in the long-term, predicts the insurer’s claims director
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News
Insurers must act quickly to compensate customers and rebuild trust says Insurtech UK
Insurers will need to rebuild trust with customers following the Supreme Court ruling, but the pandemic has also highlighted the need for digitalisation
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News
Supreme Court judgment brings clarity to a highly complex matter – Biba and ABI
Although Biba backs the appeal ruling, more clarity is still needed within the industry
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News
‘Being prepared is key’ – FSCS chief executive Caroline Rainbird on navigating the next financial crisis
The Covid-19 pandemic has seen businesses work in “unprecedented circumstances”, according to the FSCS chief executive. She tells Insurance Times how the pandemic has allowed the firm to think differently
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News Analysis
Supreme Court decision is a ‘financial vaccine’ for struggling businesses
However, insurance premiums are likely to increase as ‘insurers seek to recoup some of their losses’
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News
Supreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are expected to be impacted from the judgment