Latest News – Page 471
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NewsBiba supports Pandemic Re proposition as ‘insurance can’t cover everything’
The trade body’s executive director labels the coronavirus pandemic as a fundamental risk, alongside war and nuclear contamination
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NewsInsurance industry 'did not intend to underwrite pandemics', says RSA’s Hester
But the insurer is still paying claims when there is ambiguity in the wording
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NewsBiba predicts more mid-term policy changes following PM’s Covid-19 lockdown update
The trade association believes brokers will be called upon to help address clients’ needs as construction staff gear up to return to work
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FeaturesHow exposed are brokers to negligence claims following rejected Covid-19-related BI claims?
As commercial customers and insurers draw battle lines over business interruption claims, Insurance Times looks at whether brokers could get caught in the crossfire
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NewsRSA’s Hester apologises to shareholders but says insurer is in ‘good shape’
The insurer’s share price has been performing poorly, losing almost a third of its value since the beginning of the year
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NewsWebinar Special: Matt Pini on how Covid19 impacts on Lloyd’s, London market and rates
Mat Pini says Lloyd’s and London market is coping ‘admirably’ with the impact of Covid19, he also gives view on rates
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NewsSimon Cooter joins as non-exec chairman
The industry veteran described the business as at the “cutting edge” of insurance technology
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NewsEthos Broking announces managing director for partner Finch Group
The new hire most recently worked at JLT Specialty
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NewsPremier League club doctors raise concerns over own insurance
Only essential medical treatment will be allowed and all medical staff must wear full personal protective equipment (PPE)
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NewsMunich Re reports €800m loss related to Covid-19 in 2020’s Q1
The firm attributes losses to event cancellation claims in light of coronavirus pandemic
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NewsPremiership players may have to sign Covid-19 disclaimers due to insurance coverage fears
Before resuming training, professional rugby players could have to sign disclaimers to waylay worries about coronavirus claims
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NewsInternational regulatory organisation warns against retrospectively covering Covid-19 losses
The voluntary membership organisation says this ‘could create material solvency risks’ for insurers
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IT Interviewetrading Q&A: Commercial risks could fluctuate due to Covid-19 pandemic says SSP
With Insurance Times’s etrading 2020 results now available, Savan Shah speaks with Adrian Coupland, customer and marketing managing director at SSP, about the firm’s etrading results and how it is supporting brokers to be operational in these times of disruption
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NewsAllianz facing group action over business interruption claims
Other insurers such as Hiscox have also been in the business interruption firing line recently
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FeaturesHow is the motor insurance supply chain impacted by the Covid-19 lockdown?
Insurance Times investigates how the ongoing coronavirus pandemic is affecting motor supply chains and the subsequent claims process for motor insurers and customers
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NewsTokio Marine taps Tractable’s AI auto damage solution
The insurtech has been working with Tokio Marine since 2018
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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
