Personal Lines related articles – Page 44
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NewsManifesto 2023: Cost of living crisis heightening underinsurance is a ‘concern’
Standalone cyber insurance is one of the most common products where insureds opt to drop cover, according to Biba’s latest research
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NewsManifesto 2023: Biba calls for compulsory public liability insurance for e-scooters
The broker body has also taken aim at regulation surrounding automated vehicles
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News AnalysisHow is the industry faring ahead of the FCA’s Consumer Duty implementation?
Insurance DataLab provides exclusive analysis of the Financial Ombudsman Service’s most recent complaints data to see how prepared the industry is for the FCA’s Consumer Duty this July
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News AnalysisIn Focus: How can the insurance sector mitigate increasing HNW subsidence claims?
Industry experts weigh in on the causes why high net worth subsidence claims are rising and discuss how best to respond to this risk
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News AnalysisBriefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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NewsCost of living crisis causes 43% of insurance customers to cancel policies when seeking to cut cover costs
Head of consumer strategy queries whether the industry is doing enough ‘to be the safety net that newly financially vulnerable customers really need’
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NewsMoJ launches consultation on dual discount rates for personal injury claims
It is essential that this ’does not turn into a cost saving exercise that benefits the balance sheet of compensators’, says executive director
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News AnalysisIn Focus: Is high net worth cover ‘too generous’ for clients?
Broker leader reveals potential ‘recipe for disaster’ from having ‘underpriced’ premiums and ‘too good’ cover in the HNW market
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NewsRansomware and cyber war wording innovation named in 2023 tech predictions – DAC Beachcroft
Cyber war endorsements could invite innovation, says the law firm
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NewsFraud experts warn of worrying rise in physiotherapist-driven ‘prognosis creep’ on OIC portal
The time needed for claimants to provide medical reports has increased in some cases, raising the risk of fraud
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NewsRecession and cost of living crisis triggers ‘pandemic of fraud’ – Weightmans
Both financially vulnerable customers and organised criminals are behind the increase, says the firm
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NewsStephen Kennedy: Firms ‘won’t be bored in 2023’ with general insurance pricing
Pearson Ham’s director of insurance pricing states that a ‘fine balance needs to be struck between inflation, competition, demand and growth’
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NewsClimate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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NewsRoyal Mail hit by ‘cyber incident’ that caused disruption to international post
Royal Mail has apologised for any inconvenience caused and has also launched a full investigation alongside cyber crime experts
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News AnalysisIFED is working to eliminate ‘blight’ of ghost brokers
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses how the unit has sought to tackle ghost broking
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NewsDirect Line navigating further motor claims inflation
The insurer noted that claims inflation remains a feature of the market
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NewsDirect Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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NewsFCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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IT InterviewQ&A: Investment in regional branches strengthens local broker partnerships – Axa Commercial
Axa Commercial chief executive Jon Walker tells Savan Shah how the firm is now better equipped to support SME customers
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NewsBrokers key in closing awareness gap for scams like iSpoof
CFC Underwriting warns that cyber criminals are unwavering in their commitment to the goal of extorting money from victims
