Regulation – Page 68
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NewsLaw firm considers launching group action cases against eight insurers for rejected BI claims
Michelmores has firms such as Aviva, Hiscox, RSA and QBE within its cross hairs
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NewsAllianz’s Jon Dye joins Pandemic Re Steering Committee
The group today announces six new working groups and a project committee
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NewsBrokers warned after FCA survey scam revealed
Brokers have been told not to click on the the link in the email or share any personal details
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NewsFCA publishes guidance for insurers and brokers handling BI claims during test case
Firms will be required to review all relevant claims and complaints for test case judgement implications
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NewsLaka details ‘future of insurance’ proposition post Covid-19
The insurtech has seen people that have not considered cycling previously look into insurance
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News AnalysisBiba denies broker commission is “huge conflict of interest”
Meanwhile others in the industry have also defended brokers
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IT InterviewIndustry set to grow post Covid-19 due to ‘greater appreciation’ of insurance
Following the worst of the Covid-19 pandemic, commercial and financial technology firm FIS believes insurers could see a “natural growth” in their business if they respond to consumer demands for more mainstream pandemic coverage.
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NewsAxa to pay some French restaurant business interruption claims after losing court case
Case could set a precedent for similar cases against insurers in the UK
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NewsBroker remuneration model presents a ‘huge conflict of interest’ amid the Covid crisis
Compliance firm calls for a complete overhaul of the remuneration model
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News AnalysisHasty migration could increase corporate cyber risk exposure
With another high-profile cyber attack case during lockdown, a new challenge has been created for brokers
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NewsSome BI coronavirus claims ‘agreed then withdrawn’ says Night Time Industries Association
One business owner claims he was promised to be covered for up to £100,000
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Online onlyBriefing: Marsh, Aon, Guidewire, reinsurers - how the Covid crisis will greatly benefit them
The likes of Aon, Marsh, Guidewire and Accenture could be on the cusp of a golden opportunity
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NewsFCA invites brokers and policyholders to contribute to BI legal declaration process
Insurance intermediaries have until 20 May to submit materials to the regulator
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NewsMGA to offer Covid cleaning service for offices
The service is aimed at reducing the risk of Covid-19 for staff returning to offices post-lockdown as well as making sure unoccupied properties are secure and checked
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NewsAirmic calls on insurers to ‘look favourably on grey area claims’
The trade association believes the ‘interpretation of wording regarding the pandemic’ could cause friction for insurers’ relationships with corporate clients
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NewsGovernment launches temporary reinsurance scheme to facilitate access to trade credit insurance
The initiative aims to help businesses recover from the economic shocks of the Covid-19 pandemic
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NewsDentist trade body mulls legal action against insurers for non-payment of Covid claims
The trade body for dentists said that the industry has been ’blindsided’ due to lack of effective responses from insurers
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NewsSRA confirms law firms can apply for professional indemnity extension due to Covid-19
Lawyers struggling to secure professional indemnity coverage in light of the pandemic can apply for extra time
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NewsIndustry duo propose Totus Re to address future pandemic risks
The idea is proposed by Worry+Peace founder James York and Liz Foster who say that the current approach to managing super-perils is no longer sustainable
