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Claims News
Law firm expands group action to dental sector in BI claims pursual
Mishcon de Reya is urging all dental practices to get in touch as it believes that many are insured for Covid-related business interruption claims
Universities and colleges face increased cyber threat
The National Cyber Security Centre issued an alert to the sector after a spike in the number of ransomware attacks
Fraudulent claims could arise from Leighton Buzzard earthquake
Although some residents reported their houses were shaking as a result of last Tuesday’s quake, insurance professionals are taking a more sceptical view of property claims due to ‘very minor’ tremors
Technology & Innovation Awards finalist 2020 Q&A: Balkerne helps insurers and captives prevent losses
One day to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
Lloyd’s of London backs FCA BI test case ruling
Following the ruling from the High Court on the FCA business interruption test case, Lloyd’s and LIIBA explain their stances
Technology & Innovation Awards finalist 2020 Q&A: SBS’s digital flooring claims solution reduces time and cost
There are just two days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
High Court rules in favour of FCA for majority of Covid-related BI wording interpretations
As the High Court ruling was revealed this morning, Insurance Times finds out what some of the industry thinks about the verdict
Blog: The BI test case should prompt insurers to interrupt themselves – 360Globalnet
Paul Stanley, 360Globalnet’s chief executive weighs in on business interruption ahead of the FCA test case verdict this morning, this is one of a series of blogs from the insurtech
Insurance industry must find ‘right’ capital management strategy to navigate losses
Business interruption test case judgement will not be the ‘final word’
Technology & Innovation Awards finalist 2020 Q&A: Zurich’s claims system significantly reduces settlement time
FCA test case result will be of ‘crucial significance’ says law firm partner
Technology & Innovation Awards finalist 2020 Q&A: SBS’s comprehensive self-service claims bot
Lloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Technology & Innovation Awards finalist 2020 Q&A: SBS’s AI bot solution clamps down on fraud and claims exaggeration
Briefing: Brokers want MGA capacity amid Covid crisis, will insurers step up?
Technology & Innovation Awards finalist 2020 Q&A: Shepherd’s machine learning analytics proposition translates data to predictive claims
Technology & Innovation Awards finalist 2020 Q&A: VisionTrack’s IoT platform overhauling telematics and cutting fraud
Carrot Insurance urges government to incentivise young drivers’ telematics usage by removing IPT
Technology & Innovation Awards finalist 2020 Q&A: FloodFlash on the power of parametric insurance in fast-tracking flood claims
Arron Banks hunting down Noel Edmonds over alleged £1.3m insurance debt
Coronavirus lockdown causes 0.3% decline in home insurance premiums
Insurers unveiled 107,000 fraudulent insurance claims in 2019
Insurance broker accused of ‘forgery’ to win commission
Technology & Innovation Awards finalist 2020 Q&A: Digi2L’s claims portal reduces overall lifecycle
Claims Analysis
Policyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
FCA called out as ‘shining example of regulatory intervention’ for test case action
Despite being celebrated as a policyholder victory, many legal professionals feel this reaction to the test case verdict could be ‘premature’ as the likelihood of an appeal from insurers still looms large
BI test case decision is ‘conclusive judgment in favour of policyholders’
Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings
Briefing: Customers will face more agony despite test case ruling
The FCA ruling will only help some clients and, even then, there will be arguments over payouts. The FCA ruling closes one chapter on this unedifying experience for the insurance industry. There are lessons to be learned.
