Regulation – Page 70
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NewsCouncil warns schools on PPE production risk
Warning comes as schools step in produce protective equipment
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NewsFCA to obtain legal clarity on BI insurance following influx of coronavirus-related claims
The regulator has also offered guidance to insurers, asking them to assess the value of their products in light of the Covid-19 pandemic
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NewsNGO coalition call on insurers for ‘green and fair recovery’ from Covid-19
NGOs are concerned the insurance industry risks repeating the mistakes it made when it identified pandemic danger
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NewsNDML and NTIA call on chancellor to release Pool Re funds
They have penned an open letter to Rishi Sunak
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FeaturesCoronavirus: Rejected business interruption claim case studies
Insurance Times takes a deeper look at two business interruption claim case studies, investigating the impacts of insurer decisions on SMEs and brokers
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NewsHiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
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IT InterviewLoadsure reveals spot freight market plans after £1.1m funding
The spot freight market has a complex value chain, and operating in a time-critical environment can be expensive for the broker, this insurtech MGA hopes to change that
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NewsHospitality sector to bring group action against insurers refusing Covid-19-related BI claims
A collective claim by group registrants is likely to run into tens of millions of pounds
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NewsLaw firm says insurance claims among most likely to succeed in UK courts
More than half of cases brought by insurance policyholders succeed at the first instance
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NewsHiscox Action Group secures funding for legal BI claim battle
The initial funding will allow appointed law firm Mishcon de Reya to review policy claims
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NewsEcclesiastical reveals broker social media guide amid Covid-19 lockdown
It aims to help brokers stay connected with customers during the pandemic
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NewsDentists threaten to sue insurers after being denied insurance payout
One in five dentists estimate that they will only be able to last one month without financial assistance
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News AnalysisChancellor unveils £1.25bn startup package – but will it be enough to uphold insurtechs?
During the last budget it seemed that insurtechs were left out of the equation for financial protection from government, but its new loan scheme could solve this dilemma
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NewsCinema chain denied insurance payout from AXA amid Covid-19
It has left the cinema with almost no income and 196 staff on furlough, but Covid-19 was not on the list for named diseases in the policy extension
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NewsABI and ACSO agree statement of intent for personal injury claims
The bodies concur that video examinations and rehabilitation services can be performed remotely
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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NewsHiscox Action Group appoints London law firm for BI claims battle
The group now includes 200 members
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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
