Latest News – Page 402
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NewsWide area damage test could be insurers’ ace for refusing coronavirus BI claims
Professional services firm Marsh explores whether this argument could ‘extinguish Covid-19 claims recovery’
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NewsBought by Many unveils £78.4m growth equity investment bolstering further expansion plans
The financing will help the insurtech grow internationally
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NewsDirect Line subsidiary sues IBM for £36m over ‘serious and fundamental’ IT blunder
The insurer paid IBM £10.2m, and IBM allegedly spent £25.7m on third parties and internal staff costs
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NewsRSA reveals £25m of Covid-19 claims to end of April
But reinsurance for its travel book and business interruption policy exclusions have limited the insurer’s exposure to the pandemic
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News AnalysisAIG reveals limited BI exposure despite $272m Covid-19 hit
Chief executive Brian Duperreault describes Covid-19 as “the single largest CAT loss the industry has ever seen”
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NewsCytora hires former Hiscox chief operating officer
The company is bolstering its executive team in order to expand its global operations and drive customer success
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News AnalysisDLG reveals 70% drop in motor claims
And admitted that the coronavirus pandemic may have a knock-on effect on its cost-savings initiatives
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NewsData analytics firm predicts 0.4% rise in motor insurance GWP despite lockdown regime
The firm adds that Admiral’s premium refund initiative is ‘an influential move’
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NewsHiscox to capital raise via share placement
The insurer could raise £400m based on its share price at close
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FeaturesMay 2020 issue
In this month’s edition: Crunching the Ardonagh financials; the impacts of the LMA coronavirus exclusion clause; the potential insurance implications for re-purposed properties
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NewsThe Big Question May 2020: How do you think insurance will look post-Covid-19?
With lock down in the UK set to continue for the time being many businesses are having to adapt, Insurance Times asked what the industry might look like after the pandemic
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News AnalysisBI coronavirus payouts could spell commission clawback worry for brokers
Some obstacles brokers face as they navigate the Covid-19 crisis could have a detrimental effect on their survival
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NewsSJL Insurance warns of cyber-attack risks for home working sole traders and businesses
Businesses could face financial implications if they do not prepare
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NewsHiscox predicts £10m to £250m BI coronavirus hit and launches share placing
It recognises that this is an extremely difficult time for businesses and it is determined to provide greater certainty for its customers
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FeaturesThe Briefing: Coronavirus impacts on GI - With a reduction in road use due to Covid-19, should insurers start returning some premium?
Insurers in the US are refunding part of their customers’ car insurance premiums as coronavirus lockdown measures see a decline in vehicle use and therefore claims, but will the UK market follow suit? Four industry experts share their thoughts
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FeaturesThe Briefing: Coronavirus impacts on GI – Is the insurance sector caught in the crossfire of Covid-19 pressures?
Financial services consultancy says ‘the expectation for the industry to just pick up the tab for a once-in-a-century crisis like coronavirus is just not reasonable’
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NewsDamned if you do, damned if you don’t
The impossible choices facing insurers amid the coronavirus crisis
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Newse-trading Q&A: NIG sees significant uptick in inbound calls and email traffic amid Covid-19
NIG has spotted an increase in inbound calls at its etrade operations and claims centres with many brokers seeking guidance on policy coverage during the coronavirus crisis, Insurance Times etrading 2020 results are also now available
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NewsERS adds former Ageas UK chief exec to board
He has 30 years of industry experience including having worked at Bollington, Carole Nash and AXA
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NewsAIG reveals new ‘largest ever’ Lloyd’s Syndicate 2019
It will allow AIG to continue its strategy for optimising its general insurance portfolio
