Regulation – Page 61
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News AnalysisLaw firms create interfaces for delayed LiP portal as its deemed ‘too complicated’
Some law firm’s have created their own technological interfaces to support insurers responding to claims or claimants filing one, Insurance Times investigates why
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FeaturesTotus Re – the reinsurer for reinsurers
With the insurance industry taking a reputational hit during the pandemic, the two founders of Totus Re argue that a proactive stance could be a move in favour of the sector
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NewsCovid-19 uncertainty could have 'significant impact' on some insurers’ capital positions, says PRA
The PRA’s latest stress test of the UK insurance industry has found that some insurers could be exposed to “significant” risks from the uncertainty surrounding the Covid-19 crisis.
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NewsGovernment should use claims management capability during pandemic, says PIB boss
Brendan McManus explains that the insurance industry could have supported the government throughout the coronavirus crisis
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NewsBritish Dental Association urges FCA to consider ‘unique challenges’ of dentists in BI claims test case
The dentist trade union is arguing that the short timeframe given for its members to submit any relevant material to the FCA has meant that all issues could not be communicated
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NewsHiscox Action Group triggers arbitration clause in bid for £40m pay out for rejected Covid BI claims
The group’s law firm is acting on behalf of 350 Hiscox Insurance policyholders
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News AnalysisBlack Lives Matter protests reawaken insurance industry under-representation BAME debate
As protests for Black Lives Matter break out across the UK and globally following George Floyd’s death, the incident has opened up a dialogue in the insurance industry about the low levels of Black Asian and Minority Ethnic (BAME) representation
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NewsHiscox and RSA among eight insurers named by FCA as BI test case heads to the High Court
The regulator named a total of eight insurers in the Particulars of Claim submitted to the High Court for a test case on the validity of insurers denying business interruption claims in the wake of the coronavirus pandemic
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NewsNearly two-thirds of businesses have had coronavirus-related BI claims rejected by insurers
The Irish survey further showed that a third of business owners are still awaiting a final decision from their insurance company regarding a business interruption claim
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NewsFOIL reveals specialist Sports Law group with Covid-19 focus
The group will focus on various issues arising from the pandemic such as safeguarding and injuries
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FeaturesCoronavirus: Skincare salon misled by insurer over rejected BI claim
MS Amlin took two months to respond to NuYu London’s claim, despite initially informing the business’s broker that the BI policy would pay out
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NewsThe British Dental Association issues open letter to Matt Hancock amid group BI claim
The professional body is appealing to Hancock for support, meanwhile law firm Mishcon de Reya has made an advance with the group BI claim
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NewsInsurers accused of ‘intransigence’ in Covid-19 BI payout dispute
Insurance industry body ABI faced a grilling by Northern Ireland politicians
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NewsCovid lockdown sees surge in cycle insurance interest
Although cycle insurance queries have increased, insurtechs chief executive warned on the pitfalls of cycling without cover
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News AnalysisInsurance concerns peak as London Mayor taps micro-mobility for green Covid-19 exit strategy
Could cycling be the big winner of the pandemic? As Brits are steered away from public transport, a new opportunity for insurtechs, brokers and insurers has opened up if decisions about insurance could just be made for e-scooters, cycles and e-bikes
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NewsInsurance industry backs Black Lives Matter after ‘sadness and shock’ at George Floyd’s death
The industry has told of its outrage after Floyd’s death which has led to protests worldwide and in the UK
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NewsBriefing: Will insurers be able to repair their tarnished reputations?
In the eyes of many policyholders the Covid-19 crisis has been yet another stain on the insurance industry’s already tarnished reputation. Deserved or not, insurers have much to do regain their trust By data insights editor Matt Scott
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NewsFOS complaints down 23% but Covid-19 issues still to filter through
The Financial Ombudsman Service received more than 32,000 complaints over the course of 2019/20
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NewsBroker labels FCA test case as potentially ‘dangerous’ and ‘bizarre’
But MGA boss applauds the FCA’s intervention for accelerating ‘a process that might otherwise have taken months or years’
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NewsFCA confirms it will investigate 16 insurers’ policy wordings at BI test case
Hiscox, Axa and MS Amlin are among the named insurers that will have its policy wordings reviewed
