Latest News – Page 476
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NewsInsurers need to do all they can to retain SME customers says data analysis firm
Communication is vital to ensure smaller businesses can manage cash flow adds analyst
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FeaturesBuilding trust is the cornerstone to operational resilience
With the world in a state of coronavirus-related flux, the need for solid and effective operational resilience has never been more pertinent – but how can this be achieved?
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NewsComprehensive car insurance premiums fell by 1% in 2020’s Q1
The average cost of annual car insurance is now £809
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NewsInsurtech honcho reveals 2020 growth plans as it closes £1.2m funding round
The current funding round will help the insurtech grow its marketplace
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NewsIrish finance minister to virtually meet with insurers to thrash out BI claim concerns
This afternoon’s meeting will tackle ‘urgent matters such as business interruption cover’ says Irish government officials
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IT InterviewLeakBot aims to slash escape of water claims costs with self-installed device
A partnership with Hiscox has opened the firm’s eyes as to how it can aid insurers and brokers in managing expensive EOW claims
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NewsCovid-19 insurance impact 'like a meteorite', says Allianz chief
Oliver Baete said such events could not be insured with normal policy wordings
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NewsFCA reports 58% increase in ‘other general insurance’ complaints in H2 2019
The regulator attributed this colossal rise to an increase in complaints pertaining to one firm
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NewsFM Global warns insurers could pay dearly for neglecting idle properties amid Covid-19
Losses at vacant properties are preventable believes the insurer
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NewsHiscox fights back after BI claims avoidance accusation
The insurer says it could pay up to $175m and that it is “proactively paying claims”
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FeaturesOffice tech still insured for home working as insurers show united front
As employees gather laptops, phones and screens to use for remote and home working, the ABI issues guidance on how this should be treated under home insurance policies
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AgendaD&O pricing hikes create challenges for brokers
The increasing frequency and severity of claims has seen pricing shoot up for directors & officers (D&O) liability insurance, and for specialist brokers the market correction is making it more difficult to secure coverage for international firms
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IT InterviewGRP to plough ahead with ‘proven strategy’ despite Covid-19 headwinds
Group managing director Mike Bruce retains a positive outlook for the business
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NewsHastings to pay reduced dividend amid 'no Covid-19 exposure'
The group has no business lines with direct claims cost exposure resulting from the pandemic
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NewsFCA warns insurance bosses to pay SME business interruption claims
If a claim cannot be paid in full, the regulator recommends that insurers make an interim payment
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NewsAmanda Blanc to lead independent government review of flood insurance
The review wishes to explore why individuals did not have sufficient insurance coverage during the November 2019 flooding
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NewsWimbledon set for coronavirus windfall in huge pay-out from pandemic insurance
It has learnt from the SARS outbreak, taking out pandemic insurance since 2003
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NewsAviva to provide free breakdown cover and courtesy cars for customers working for the NHS
The package of measures further aims to support customers who are experiencing financial difficulties as a result of the coronavirus pandemic
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Online onlyQBE to raise $825m new equity capital in wake of coronavirus pandemic
The insurer said in an announcement to the Australian Stock Exchange that the extra capital would come in the form of a new equity placement and a share purchase plan
