Latest News – Page 393
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NewsInsurance sector shows resilience in face of record GDP slump
New figures from the Office for National Statistics (ONS) revealed that the UK’s economy shrunk by 10.4% in the three months to the end of April.
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NewsGovernment should use claims management capability during pandemic, says PIB boss
Brendan McManus explains that the insurance industry could have supported the government throughout the coronavirus crisis
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NewsBritish Dental Association urges FCA to consider ‘unique challenges’ of dentists in BI claims test case
The dentist trade union is arguing that the short timeframe given for its members to submit any relevant material to the FCA has meant that all issues could not be communicated
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NewsLV= considering sale of remaining business units
The confirmation follows press speculation that the mutual insurer was considering a takeover
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NewsHiscox Action Group triggers arbitration clause in bid for £40m pay out for rejected Covid BI claims
The group’s law firm is acting on behalf of 350 Hiscox Insurance policyholders
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NewsThompson and Richardson buys Lincolnshire-based broker
The deal is the firm’s first since becoming an Ethos Broking regional partner
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NewsTwo-thirds of UK brokers don’t think the industry has responded well to the Covid-19 crisis
Nearly all of the research respondents agreed that policy wordings need to be reviewed urgently
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NewsTotus Re bags 30 sign ups since mid-May
The open collective is now looking for others that are interested in the model to join the conversation
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NewsGerman fraudster jailed for two years after failed £6m insurance scam that amputated his left hand
The scammer let a train run over his left hand so that he could claim on numerous accident insurance policies
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NewsMcLarens buys global loss adjusting and claims management company
The deal provides a ‘strategic fit’ to boost market presence within the natural resources sector
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Online onlySSP extends deal with Top 50 Broker
SSP signs three-year deal with Top 50 Broker in personal lines
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NewsSearchlight completes GRP deal as Mike Bruce takes the helm
Private Equity firm takes majority stake in the business
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News AnalysisBlack Lives Matter protests reawaken insurance industry under-representation BAME debate
As protests for Black Lives Matter break out across the UK and globally following George Floyd’s death, the incident has opened up a dialogue in the insurance industry about the low levels of Black Asian and Minority Ethnic (BAME) representation
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NewsBlack Lives Matter puts insurance BAME representation in the spotlight
Aston Lark boss says there is more to do to increase BAME in the insurance sector and that the reporting of BAME data could soon become mandatory which would give a much more accurate picture of the situation
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NewsInsurance leaders join forces on post-pandemic venture
The new venture aims to help enable insurers, reinsurers, wealth mangers and health care providers grow post-pandemic
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NewsZego partners with global telematics firm to cut insurance costs for fleet owners
It will allow the insurtech to offer a combined telematics and usage based insurance policy to fleets
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NewsRevealed: Beazley top Lloyd’s underwriter as Hiscox slides
Beazley has risen to be the most profitable Lloyd’s underwriter for 2019 after finishing second the previous year.
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NewsHiscox and RSA among eight insurers named by FCA as BI test case heads to the High Court
The regulator named a total of eight insurers in the Particulars of Claim submitted to the High Court for a test case on the validity of insurers denying business interruption claims in the wake of the coronavirus pandemic
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IT InterviewEtrading Q&A: Insurers need to make it easier for brokers to get a fair representation of risk via etrade says NIG
Five star insurer NIG tells Insurance Times how it is using insights from our latest etrading report to tailor its proposition for brokers
