Latest News – Page 411
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Online onlyCoronavirus triggers record travel claims payout year
Previous year for record cancellations was 2010
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NewsSenior level decisions amid Covid-19 could spark fresh class action
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
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NewsWorking from home hard to implement for some businesses during Covid-19
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
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NewsRent guarantee insurance products suspended due to Covid-19
The government has emergency legislation in place to prevent tennants that cannot meet their rent payments from being evicted
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FeaturesBrokers need to beware ‘breach of duty’ risks arising from Covid-19 impacts
Law firm Plexus Law advises brokers to ‘pay attention in this changing market’
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NewsBiba 2020 conference cancelled due to covid-19
The general insurance intermediary organisation says it will work to make the Biba 2021 conference ”even better than before”
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Online onlyFitch Ratings revises London market insurance sector outlook to negative amidst coronavirus pandemic
Fitch Ratings said the move reflected the “disruption and the related impacts on the credit quality of London Market insurers” caused by the outbreak
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NewsTravel insurers set to pay a record £275m in coronavirus claims
The ABI expects to record around 400,000 coronavirus-related claims
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NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
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NewsPharmacy insurer calling on motor industry to insure pharmacy delivery cars during Covid-19
The increase in demand is due a 12-week self-isolation measure put in place for the elderly and most vulnerable during this time
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IT InterviewCrawford’s Lisa Bartlett on taking the reins as president
Bartlett talks about taking over from Clive Nicholls and why she’s a passionate advocate of diversity
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NewsProfessional body offers guidance on preparing for ‘surge events’
The CII’s claims society publishes a guide to help insurers deal with the increase in claims activity linked to coronavirus
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NewsSwiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
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NewsInsurers start pulling income protection due to Covid-19
However, policyholders that have been asked to self isolate by a medical professional may still be covered
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NewsIrish broker representative body calls for government and industry meet to tackle coronavirus concerns
The organisation’s director of GI calls on insurers to be ‘flexible’
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NewsZego to offer two weeks free cover to relieve pressure on gig economy
Policyholders will be able to claim two weeks of free cover when they renew
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NewsThe Big Question April 2020: Are insurers right to refuse coronavirus business interruption cover?
Coronavirus cases are mounting daily, the death toll is rising and airlines like Flybe as well as retailer Laura Ashley are filing for administration as sales take a nosedive. Many businesses are going into lock down to contain the spread of the virus and protect their staff, but are insurers ...
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IT InterviewLeaders should be ‘fearful’ of SMCR regime, says KPMG director
Behaviour and culture should be a key focus for industry leaders as recent regulation indicates that insurers are not doing enough
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NewsFCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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NewsInsurtech steps in to ease financial burden on freelancers caused by Covid-19
It follows the increasing pressure put on freelancers during the coronavirus outbreak
