Latest News – Page 473
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NewsHiscox Action Group and Night Time Industries Association join forces
The two hope to pool resources and share information as they seek a pay out from Hiscox
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NewsTokio Marine Kiln appoints new chief underwriting officer from Chubb
The new hire has experience in specialist markets
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NewsLV= ringfences £30m to help customers suffering financial hardship because of Covid-19
The insurer will redirect savings from reduced claims during lockdown to help car and motorbike policyholders
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NewsPremier League clubs facing insurance premium hike
Social distancing guidelines has meant sports cannot go ahead
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NewsCovid-19: Insurers in talks to set up fund to help stricken charities
Fund would provide relief to charities unable to collect funds amid the lockdown measures
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NewsCovid-19: SMEs could stop buying BI policies
A survey found a significant number of companies would not bother buying such cover in the future
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NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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IT InterviewLexisNexis Risk Solutions UK boss says use of policy history information is ‘really rudimentary’
The firm’s managing director for UK and Ireland believes policy history data could be better utilised to improve ratings and underwriting
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NewsCouncil warns schools on PPE production risk
Warning comes as schools step in produce protective equipment
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NewsAnimal Friends Insurance partners with Aviva
The partnership offers a digital solution for policyholders needing professional advice from a vet for their pets
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NewsFCA to obtain legal clarity on BI insurance following influx of coronavirus-related claims
The regulator has also offered guidance to insurers, asking them to assess the value of their products in light of the Covid-19 pandemic
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NewsNGO coalition call on insurers for ‘green and fair recovery’ from Covid-19
NGOs are concerned the insurance industry risks repeating the mistakes it made when it identified pandemic danger
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NewsNDML and NTIA call on chancellor to release Pool Re funds
They have penned an open letter to Rishi Sunak
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FeaturesIndustry experts warn of insider fraud as a result of Covid-19 pandemic
A panel of UK and US insurance professionals say insurance staff working from home may undertake opportunistic fraud to mitigate financial hardship brought on by the pandemic
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NewsTourist railway ‘treated badly’ by MS Amlin over rejected coronavirus-related BI claim
The SME is teaming up with its broker to mount a challenge against the insurer
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NewsLancashire reveals $35m coronavirus claims for Q1
The insurer’s charitable foundation has also made a £100,000 donation to coronavirus causes
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NewsAllianz launches new claims hub for brokers
Portal provides end-to-end claims notification and tracking for brokers and fleet managers
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FeaturesCoronavirus: Rejected business interruption claim case studies
Insurance Times takes a deeper look at two business interruption claim case studies, investigating the impacts of insurer decisions on SMEs and brokers
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NewsMarkel confirms Olympics and Wimbledon exposure as it reveals $325m coronavirus hit
The insurer is also preparing for “significant litigation” surrounding the handling of pandemic claims and is reviewing wordings to limit future risk exposure
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NewsHow The Temporary Kitchen Company Is Driving Down Alternative Accommodation Costs
The business is even helping out with the NHS response to the coronavirus pandemic
