Regulation – Page 54
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FeaturesChanging agricultural trends set to influence farmers’ insurance needs – McLarens
Leaving the European Union will mean plenty of change for UK farmers, including the diversification of crops away from just food production. Insurance Times explores how this will impact on farmers’ insurance requirements as the agriculture sector’s risk profile grows
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News AnalysisComparetheMarket fine exposes perils of ‘most favoured nation’ clauses
’Most favoured nation’ clauses have existed longer than there have been PCWs, but ComparetheMarket’s recent fine shows how they can undermine the market
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
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NewsConveyancing firm’s demise highlights solicitors’ PI cover crisis
The 24 staff of conveyancing firm Notary Express should have been enjoying a well-earned Christmas break after a successful year. Instead they are having to find another job because no insurer will cover the professional indemnity risk
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NewsConvex parts with SCOR to secure post-Brexit EU access
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
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NewsEuropean Commission to extend Aon-Willis merger probe
The Commission has until May next year to make its decision on the merger
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NewsMotorists risk being turned away from ports without Green Card, warns BIBA
In a matter of day, motorists will need to show evidence of insurance when they travel to the European Union
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NewsCovid-linked D&O claims are ‘a significant area for focus’ – Fenchurch Law
In particular, firms facing insolvency may struggle to find cover under directors’ and officers’ policies due to recently implemented coronavirus exclusions, says law firm partner
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NewsIrish regulator finds that ‘dual pricing is evident’ within home and motor markets
Customers with the longest tenures are paying the most for insurance, according to market analysis
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FeaturesBriefing: The LiP portal a year on – still no nearer to being launched?
The personal injury sector is chomping at the bit to discover whether the LiP portal will actually be ready for use come April 2021 – this has no doubt felt like a long, nail-biting waiting game for industry professionals
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IT InterviewCovid-19 pandemic exacerbates opioid crisis as claims surge again
With the Covid-19 pandemic still ongoing, there has been a surge in claims for opioids. Sedgwick’s senior medical officer tells Insurance Times why the situation has worsened and what the loss adjustor has been doing to tackle it
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AgendaOpinion: A year to forget for many, while opportunity knocks for others
Insurance Times managing editor Yannick Guerry mulls over how 2020 has panned out, with brokers questioning service standards and reputational gains still up for grabs
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NewsLaw firm partner predicts ‘more and more coverage disputes’ for excess layer insurance
Brokers may well get caught in the ‘argy-bargy’ too if primary insurers and excess layer insurers disagree on coverage decisions
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News‘Blanket’ broker PI exposure following Covid BI fallout is ‘overhyped’ – Fenchurch Law
Following the FCA’s business interruption test case, law firm partner says ‘of course there’s going to be broker exposure’ in relation to professional indemnity claims
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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NewsBroker boss denies allegations he ‘grabbed a woman’s crotch and bottom’
The next hearing will be on 7 January
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
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NewsArcadia collapse alludes to danger of trade credit fallout – Nimbla
The insurance invoice firm says Arcadia is ’just the tip of the iceberg’ and that ’many more defaults can be expected in 2021’
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NewsMotor Insurers’ Bureau responds to reimbursement query for e-scooter crimes
The use of privately-owned e-scooters on roads or other public places remains illegal
