Regulation – Page 59
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NewsInsurers ‘deeply reviewing’ wordings as a result of ‘hot topic’ test case ruling
Gallagher Bassett’s chief client officer in the UK discusses some of the fallout following the FCA’s test case judgment
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FeaturesUK Motor Focus: Automated lane keeping tech could cause insurers’ claims costs to spiral
With the liability for autonomous vehicles placed at the doorstep of insurers, Insurance Times explores how the recent government consultation on automated lane keeping technology could prove to be a headache for insurers amid a growing list of safety concerns
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NewsRising insurer and broker confidence on the rise, despite pandemic regulatory road bumps
The third quarter has seen a marked shift in insurer confidence compared to the two previous quarters
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News‘Share pandemic risk coverage’, urges Marsh chief exec
Marsh boss calls for creative solutions to mitigate future pandemics and other shock events
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Online onlyBriefing: Why FCA-hit aggregators will likely squeeze insurers harder
Tensions between insurers and aggregators will likely increase amid the FCA pricing crackdown
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NewsReturning to profitability is key concern for aviation insurers – Gallagher
The aviation market was already hardening, and the pandemic has caused further complications
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Breaking NewsStructural defects insurer enters administration as FSCS steps in to save policyholders
Buildings guarantee insurer has been struggling with the volume of high-value claims in recent months
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News AnalysisCourt of Appeal ruling could have insurers revisiting their reserving for personal injury claims
Although the court may have rectified a ‘clear injustice for many disabled claimants’, the insurance industry will now have to pick up the price tag for additional accommodation costs in serious personal injury cases
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NewsGovernment calls for evidence in Pool Re review
It will run for six weeks, ending on 22 November 2020
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NewsInsurance industry takes ‘more holistic view’ to preservation of the building versus life
Using timber within construction is a greener solution for the environment, despite it being combustible and - in turn - higher risk. However, since the insurance industry is now taking a ’more holistic view’, should it also start thinking ‘out of the box’ to address these risks?
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NewsInsurance industry ‘needs to step up its efforts’ around diversity and inclusion
At the ABI’s first virtual diversity summit event, industry professionals and allies took on difficult conversations around black inclusion, highlighting what the insurance sector is doing to increase diversity
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NewsABI’s Huw Evans says BI test case appeal is ‘unsurprising’
The association’s director general believes the resulting judgment ‘could impact insurance for the next decade’
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NewsInsurers need to ‘get to grips’ with timber to progress construction’s net zero targets
Brokers can play a key role as educators to support the construction sector to use more timber in a bid to reduce carbon emissions
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NewsEcclesiastical committed to improving claims handling following Independent Inquiry
The insurer has responded to the Independent Inquiry of Child Sexual Abuse (IICSA) that slammed Ecclesiastical for not providing complete evidence
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NewsBrit and African Caribbean Insurance Network team up to address insurance industry ethnic diversity
The two will work together to attract new graduate talent by promoting the insurance profession amongst students
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NewsArdonagh data breach reported to Information Commissioner
Firms are required by law to report breaches within 72 hours
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Online onlyBriefing: Why aggressive FCA will next turn to commercial insurance
The FCA is intently focused on value. It’s agenda will lead to a fresh look at commercial insurance
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NewsIndependent Inquiry criticises Ecclesiastical for ‘incomplete evidence’ in child sexual abuse Church saga
The report makes eight recommendations directed at the Church of Wales and the Church of England of which Ecclesiastical insures, record keeping was highlighted as a significant problem for these religious institutions
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FeaturesBroker Scheme Focus: FCA test case result has ‘amplified’ impact on broker schemes
Insurance Times speaks to experts across the sector to find out how broker schemes will be affected by the recent test case verdict on the interpretation of business interruption policy wordings for Covid-19 claims
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