Latest News – Page 405
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NewsABI and ACSO agree statement of intent for personal injury claims
The bodies concur that video examinations and rehabilitation services can be performed remotely
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NewsPioneer and K2 agree terms for underwriting portfolio transfer
The deal is expected to close by the end of Q2
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NewsABI predicts its members will shell out £1.2bn for Covid-19-related claims
Around £900m of this estimate regards business interruption claims
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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NewsHiscox Action Group appoints London law firm for BI claims battle
The group now includes 200 members
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NewsBe Wiser and Worry+Peace strike review platform deal
The broker will pilot the feedback strategy, inviting people to review parts of the customer journey
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NewsTracker offers self-installed telematics in reaction to Covid-19 lockdown
The move is designed to safeguard young drivers while maintaining social distancing
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NewsThe Insurance Times Tech & Innovation Awards 2020 is open for entries
Does your tech stand out from the crowd? If so, why not enter our awards by the 16 June and be in with a chance of bagging a much sought after Insurance Times trophy and being haled a tech champion - what are you waiting for?
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NewsCoronavirus legal protocol protecting personal injury claimants is extended
Around 317 firms have agreed to the terms of the protocol so far
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NewsHiscox expecting to pay net claims up to $150m
It has substantial catastrophe reinsurance in place and is actively settling claims
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NewsWillis Re says BI claim risks pose ‘existential threat to the entire industry’
Event cancellation claims, on the other hand, are equivalent to 1% of reinsurers’ capital base
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NewsFOIL welcomes e-scooter inquiry – should the vehicles be insured?
Using e-scooters could help the UK reduce its carbon footprint, but many safety aspects like speed limits and insurance need to be considered before they are legalised on UK roads
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News AnalysisHiscox Action Group pins hopes on Enterprise Act as it bids to force BI Covid-19 claims payouts
The action group speaks to Insurance Times about the claims against Hiscox and how a specific area of the law could come back to haunt insurers incorrectly refusing claims
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News AnalysisBusinesses risk underinsurance due to differing unoccupied property exclusions
Some insurers have lifted this exclusion by lengthening the unoccupancy period, but what will happen to the rest?
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NewsHyperion X records 95% increase in premium throughput via its broker administration portal
Its digital marketplace has processed 400% more premiums in the first half of 2020 compared to H1 in 2019 due to recent coronavirus-related remote working measures
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Online onlyHiscox set to face legal action over BI claims refusal
The Night Time Industries Association has announced that it will be coordinating claims against Hiscox for its refusal to pay out under its business interruption policy
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News AnalysisCall centres: Rising to the challenge of home working amid Covid-19
What are the obstacles that call centres in the insurance industry face in transitioning to working from home and what are some firms that have done this successfully doing right? Insurance Times find out
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NewsPandemic steering group a ‘cynical ploy and PR gimmick’ – Mactavish
A reform agenda was launched prior to the crisis
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NewsMoJ delays whiplash reform implementation until April 2021 due to coronavirus
The government announced that ‘now is not the time to press ahead with significant transformational change’
