Latest News – Page 381
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NewsAllianz Holdings half-year results bolstered by LV=GI
Allianz Insurance saw fall in operating profit during the first half of the year
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NewsTrade union slams Co-op Insurance for 'betrayal' in selling to Markerstudy
The proposed sale of Co-op Insurance is expected to result in 200 job losses
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NewsAviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
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IT InterviewFSCS hopes to cut insurance levy by working with industry to root out ‘bad actors’
After making three board appointments including former secretary of state, Nicky Morgan. FSCS’s board chairman, Marshall Bailey OBE discusses the firm’s rising levy, how these appointments will bolster its 2020 strategy and the new challenges it faces due to the pandemic
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NewsFSCS exceeds 2022 board representation target
The FSCS also has 40% of employees that come from ethnically diverse backgrounds in addition to exceeding its gender target
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NewsInsurers must ‘do more’ to support UK motorists driving less post-lockdown
Cheaper car insurance premiums ranked top in By Miles’s research as a way that insurers can support policyholders who are driving less - this helps continue the low carbon emissions seen during lockdown
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NewsPIB Group snaps up Leeds-based transport broker
The broker continues to build its niche offering with this latest acquisition
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NewsGRP buys renewal rights for seven books of business from Aon
The portfolios, which includes Aon’s Northern Ireland book, will be controlled by GRP’s hub brokers
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FeaturesHow Covid-19 has impacted personal injury claims
The success of remote medical examinations has divided industry professionals, while court backlogs are causing law firms to think outside the box in order to progress claims. Insurance Times takes a closer look at the lay of the land for personal injury claims and what the sector’s future could look ...
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NewsAvalanche of illicit post-lockdown claims coming - fraud bosses
There has been a lull in the volumes of certain types of traditional fraudulent claims during the lockdown period
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NewsGuy Carpenter bolsters executive committee with three new members
The executive roles being filled include the newly created position of global head of distribution
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NewsAviation, tourism, oil and energy sectors face the biggest Covid-19 risks say insurers
A survey conducted by Gallagher highlighted the insurance portfolios that underwriters are most concerned about
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IT InterviewQ&A: Brokers armed with perils data can better identify policyholders at risk of flooding says LexisNexis Risk Solutions
Despite the prominence of the Covid-19 pandemic, Jonathan Guard, commercial insurance director at LexisNexis Risk Solutions, tells Insurance Times that flood risks should not be ignored and that better using perils data can benefit brokers. Savan Shah gets the details
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NewsPen Underwriting secures capacity deal to write 20% more premium for solicitors’ PI
The £100m deal started on 1 August
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NewsHow parametric insurance could serve SMEs in a post-pandemic world
Parametric insurance could help avoid a re-run of the Covid-19 business interruption saga, as the pandemic exposes real holes in the insurance market
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Online onlyHiscox hints at appeal should FCA test case go against it
The company is one of many inurers battling policyholders who want a pandemic-related business interruption payout
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NewsLV= launches monthly car insurance subscription
The online only product is the first under LV=’s new ‘Flow’ brand
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NewsAston Lark snaps up employee benefits broker
The acquisition boosts the brokers employer benefits offering
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Online only‘Do the right thing’ - Handbag maker boss in Covid legal fight with Aviva
Handbag maker joins legal action group
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
