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Aviva estimates Covid-19 impact on specialist schemes and brokers as related BI claims reach £200m- Covid-19 is ‘wakeup call’ for industry to embrace digital transformation
- Briefing: Marsh, Aon, Guidewire, reinsurers - how the Covid crisis will greatly benefit them
- Claims is on a ‘big journey’ to catch up with digital revolution says AXA’s Malik
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Claims News
Credit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
ABI emphasises that ‘the insurance sector takes no pleasure in declining’ Covid-related BI claims
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
Insurethebox communications technology has prevented more than 1,000 accidents
Insurethebox has estimated that its Speed Reduction Programme has helped prevent 1,060 accidents, avoiding 34 serious injuries over the past four years
Axa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
London Bridge attack terror survivors’ families secure insurance payouts
It is the third anniversary of the attack
Restaurant owner slams ‘unacceptable’ Covid payout refusal
Hampshire-based business has joined the Hospitality Insurance Group Action in a bid to force an insurance payment
Law firm launches group action against Hiscox and RSA for rejected Covid-19 BI claims
Specialist insurance law firm Edwin Coe has launched two new group claims against insurers Hiscox and RSA regarding rejected business interruption (BI) claims linked to the ongoing Covid-19 pandemic.
Beer and pub trade bodies slam ‘collective failure of insurers’ during Covid-19 crisis
Four trade associations pen open letter to the ABI in order to obtain a meeting with insurer bosses
Universally paying BI claims not covered under policy terms would put insurer solvency at risk, says ABI
Brokers overwhelmingly agree the industry’s reputation has been badly damaged by Covid-19
Hospitality action group to challenge Aviva and QBE on rejected Covid BI claims
Physiotherapist struck off after fraudulent personal injury claim from 13-year old minor
Copart UK uses Covid-19 lockdown to focus on business growth and expansion
Some BI coronavirus claims ‘agreed then withdrawn’ says Night Time Industries Association
Admiral records 46% increase in bicycle theft over last seven weeks
Covid-19 heralds hardest of hard markets
Brokers should be careful declaring cover for Covid BI claims
Hiscox Action Group has ‘good chance’ of succeeding with legal action
FCA invites brokers and policyholders to contribute to BI legal declaration process
Fraud Charter: Insurers preparing for Covid claims ‘explosion’
Dentist trade body mulls legal action against insurers for non-payment of Covid claims
AXA sees 60% decline in commercial and retail motor claims since coronavirus lockdown
Motor insurers sent 80% fewer new work instructions to UK body shops in April
Lloyd’s set to pay out up to $4.3bn in Covid-19 claims
Flood Re ‘needs tweaking’ says Biba executive director
Claims Analysis
Briefing: Hiscox’s brand is hurting, so why doesn’t it pay the claims?
With claims costs potentially mounting and the brand being damaged, why doesn’t Hiscox pay the Covid-19 BI claims?
‘Our relationship with insurers is very strong’ says Copart UK boss
Insurers initially turned to salvage as a solution when body shops and repairers struggled to secure parts amid Covid-19 pandemic
Industry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
Claims is on a ‘big journey’ to catch up with digital revolution says AXA’s Malik
The claims managing director believes the use of data and analytics has been exhausted in pricing, and should instead be used to enhance the customer experience
