Latest News – Page 480
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NewsLaw firm fears detrimental impact of potential discount rate change in Northern Ireland
The personal injury discount rate in Northern Ireland currently stands at 2.5%
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NewsLloyd’s board grants Blenheim Underwriting approval to establish new MGA
The company now plans to apply for regulatory approvals
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NewsTreasury Select Committee chair questions ABI on how sector is responding to Covid-19
Rt Hon. Mel Stride MP says ‘many will be looking to their insurer for both flexibility and assurance’
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Online onlyInside the cyber market with Sayata Labs’s Kingsley Flynn
Flynn says the market is still dogged by past perceptions of how restrictive and confusing cyber policies were in the early days of the product coming to market
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NewsCoronavirus bumps up credit hire and bent metal claims values
Law firm DAC Beachcroft says it is ‘certain’ that Covid-19 will impact claims values in these arenas
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Online only‘Unacceptable’ - Tory MP blasts insurers amid no coronavirus payout customer fury
Sir Roger Gale said insurers must pay out in the customer time of need
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NewsFocus on fraud saves Sedgwick customers £35m
Commercial claims fraud was the largest component at £14.8m
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NewsLloyd’s boss confident it can weather Covid-19 storm as it returns to profit
Its combined ratio saw an improvement of 2.4 percentage points
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Online onlySalvage network to halt vehicle collections to help coronavirus fight
e2e will also track vehicles infected with Covid-19
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Online onlyInsurers face solvency squeeze as coronavirus wreaks havoc on financial markets
Investment bank Berenberg issues warning as the Covid-19 pandemic continues to spread across the globe
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NewsArdonagh Group reports 66.4% growth in adjusted EBITDA for 2019
Chief executive David Ross described 2019 as ‘a significant point in our history’
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NewsCoronavirus ‘social distancing’ measures hits gig economy as service demands rise
As the UK goes into lockdown to mitigate the spread of the coronavirus, the insurtech industry has responded to support gig economy workers
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NewsZurich broadens marine insurance platform roll-out
The platform was launched in selected markets last year but due to positive feedback it has been expanded
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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
