Regulation – Page 65
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NewsCoronavirus legal protocol protecting personal injury claimants is extended
Around 317 firms have agreed to the terms of the protocol so far
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NewsHiscox expecting to pay net claims up to $150m
It has substantial catastrophe reinsurance in place and is actively settling claims
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NewsFOIL welcomes e-scooter inquiry – should the vehicles be insured?
Using e-scooters could help the UK reduce its carbon footprint, but many safety aspects like speed limits and insurance need to be considered before they are legalised on UK roads
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NewsPandemic steering group a ‘cynical ploy and PR gimmick’ – Mactavish
A reform agenda was launched prior to the crisis
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NewsMoJ delays whiplash reform implementation until April 2021 due to coronavirus
The government announced that ‘now is not the time to press ahead with significant transformational change’
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NewsTrade credit insurers could get state help as Covid-19 bites
Government is in talks with the ABI to provide a guarantee for insurers
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FeaturesBuilding trust is the cornerstone to operational resilience
With the world in a state of coronavirus-related flux, the need for solid and effective operational resilience has never been more pertinent – but how can this be achieved?
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NewsIrish finance minister to virtually meet with insurers to thrash out BI claim concerns
This afternoon’s meeting will tackle ‘urgent matters such as business interruption cover’ says Irish government officials
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NewsFCA reports 58% increase in ‘other general insurance’ complaints in H2 2019
The regulator attributed this colossal rise to an increase in complaints pertaining to one firm
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NewsFM Global warns insurers could pay dearly for neglecting idle properties amid Covid-19
Losses at vacant properties are preventable believes the insurer
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FeaturesOffice tech still insured for home working as insurers show united front
As employees gather laptops, phones and screens to use for remote and home working, the ABI issues guidance on how this should be treated under home insurance policies
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NewsFCA warns insurance bosses to pay SME business interruption claims
If a claim cannot be paid in full, the regulator recommends that insurers make an interim payment
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NewsAmanda Blanc to lead independent government review of flood insurance
The review wishes to explore why individuals did not have sufficient insurance coverage during the November 2019 flooding
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News AnalysisAviva, RSA, Direct Line and Hiscox suspend dividend payments amid Covid-19
The uncertainty over the duration of Covid-19 has left many insurers unable to forecast a clear outlook for 2020
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NewsFCA outlines business priorities for 2020 and 2021
The regulator’s plans recognise the impact of Covid-19 on the financial services sector says interim chief executive
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NewsInsurers remove unoccupied property exclusions during pandemic
Commercial policy wording has been amended to extend the period of non-occupancy
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NewsPersonal injury and insurance lawyers agree new practices during Covid-19 pandemic
This includes the use of video conferencing for medical examinations
