Regulation – Page 57
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IT InterviewTrackMyRisks’ Matt Hodges-Long on solving the buildings insurance crisis
The insurtech’s chief executive tells Insurance Times that he aims to make the Building Safety Register an official organisation at a time when leaseholders are facing extortionate insurance premiums in the aftermath of the Grenfell tragedy
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NewsHiscox Action Group celebrates legal agreement for single arbitration process
Three arbitrators will review four categories of policy around Covid-19 related business interruption claims
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IT InterviewFCA’s test case has overshadowed insurers’ efforts during Covid-19 pandemic says ABI
The trade association’s director general accepts ‘that reputationally this has been a very difficult few months for the industry’ in light of the FCA’s test case against insurers around the clarity of business interruption policy wordings
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NewsFSCS urges insurance industry to make ‘holding of clear customer data’ mandatory
In March, the FSCS revealed that it was still trying to trace 30% of Alpha customers after the unrated insurer’s collapse in May 2018. Now its chairman has specified his requirement for a data standard to be put in place for brokers and insurers
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NewsBennetts must be ‘held separate’ from Ardonagh pending probe outcome, competition authority rules
Ardonagh originally revealed its intention to buy the motorbike broker back in February
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IT InterviewABI’s Huw Evans says ‘unpopular’ stance around BI Covid claims was the right call
He adds that the trade body was ‘right to be very open with people’ in order to mitigate ‘a false expectation that they may be covered’
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NewsCredit insurers saved from colossal Covid losses due to state support
Ratings agency predicts that demand for trade credit insurance will increase in the medium to long-term, as SMEs and corporates realise the value of cover in the wake of Covid-19
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NewsConstruction sector insurance premiums sees ‘turbo charged’ increase since lockdown
As the construction industry sees premiums soar significantly since lockdown, Mactavish emphasises the importance for construction firms to review their insurance programmes as renewals approach
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Online onlyBriefing: Blanc’s Aviva UK champion plan risks shareholder ire
Aviva’s new chief executive Amanda Blanc plans will not go far enough to excite investors
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NewsTrack My Risks chief exec urges insurers to commit to building safety amid soaring high-rise premiums
With the draft Building Safety Bill 2020 underway, the chief executive of not-for-profit firm the Building Safety Register is seeking to evolve into its own organisation during this very challenging time that leaseholders are facing
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsAviva pays Covid-19 BI claims under broker wordings despite ‘not covering pandemics’
Amanda Blanc confirms that the insurance industry has ‘some work to do’ in order to bounce back from the reputational onslaught resulting from the FCA’s test case on business interruption wordings
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NewsCovid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
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Online onlyAmanda Blanc gives view on Aviva break up
Aviva’s new CEO Amanda Blanc reveals her thoughts on the big question over Aviva’s future
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NewsFCA Covid test case ‘difficult time for insurers reputationally’ - Allianz chief Jon Dye
Allianz chief exec said he understood why brokers and customers might argue that the business interruption cover is there
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NewsAllianz Holdings half-year results bolstered by LV=GI
Allianz Insurance saw fall in operating profit during the first half of the year
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NewsAviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
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IT InterviewFSCS hopes to cut insurance levy by working with industry to root out ‘bad actors’
After making three board appointments including former secretary of state, Nicky Morgan. FSCS’s board chairman, Marshall Bailey OBE discusses the firm’s rising levy, how these appointments will bolster its 2020 strategy and the new challenges it faces due to the pandemic
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NewsFSCS exceeds 2022 board representation target
The FSCS also has 40% of employees that come from ethnically diverse backgrounds in addition to exceeding its gender target
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FeaturesHow Covid-19 has impacted personal injury claims
The success of remote medical examinations has divided industry professionals, while court backlogs are causing law firms to think outside the box in order to progress claims. Insurance Times takes a closer look at the lay of the land for personal injury claims and what the sector’s future could look ...
