Risk Management – Page 61
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NewsMotor insurers and credit hire companies agree increased hire rates
The move hopes to ease pressure among GTA members and reduce risk for end customers
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NewsPFR measures could majorly mitigate future flood losses – JBA Risk Management
The firm said the insurance market will see profit from Flood Re’s BBB scheme in seven years if just 3% of suitable properties were invested in
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News AnalysisBriefing: Conservative financial strategy leaves industry seeing red
Insurers’ hopes of managing the inflation crisis were badly dented by the reaction to the recent mini-budget
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News AnalysisD&O facing crunch renewal as capacity continues to increase
There has been a correction in the D&O market post-pandemic, but this has not been seen across the board, says senior underwriter
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NewsTool theft crisis hits self-employed hardest – Simply Business
Of those who had tools stolen, 32% said they had not been financially compensated at all
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NewsEconomic headwinds push insurers towards bond ETFs – BlackRock
A total of 17 EMEA insurers have turned to these funds in 2022 alone
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NewsHastings Direct rolls out increased pay for employees amid cost of living crisis
Employees will also have access to free meals in the company’s Bexhill and Leicester offices
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NewsHome and motor insurance most likely candidates for coverage cutbacks amid cost of living crisis – NerdWallet
Almost half of all respondents cited the cost of living crisis as the main reason for cut backs and 66% said they had seen insurance premium costs increases over the past year
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News AnalysisIn Focus: Commercial lines brokers have ‘key role’ to play in supporting struggling hospitality clients through turbulent times
Pubs and restaurants are in a ’precarious position’ and face ’significant headwinds’ from a range of economic factors that brokers must try to mitigate as much as possible
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News AnalysisInsurers spooked as Halloween’s ‘mischief night’ approaches
With Halloween fast approaching, many insurers will be on their guard as the night is one the biggest for car theft, vandalism, fires and burglaries – but the need for cover doesn’t end there for some haunted customers
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NewsSMEs face significant levels of uninsured risk amid ‘tumultuous’ times – Aviva
Brokers are therefore vital for providing advice to protect businesses through economic headwinds
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AnalysisThe Big Question October 2022: What is the current state of play in the construction professional indemnity market?
Insurance Times asks industry leaders about the current construction PI market as headwinds hit the sector following the likes of the Grenfell Tower tragedy
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NewsUnderinsurance is a bigger risk to HNW clients than theft or burglary – Ecclesiastical
Almost three quarters of brokers believe there is a problem with HNW customers being underinsured
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NewsGovernment-backed PI scheme for EWS1 assessors launched
The new professional indemnity scheme will fix the issue of a stalled mortgage market for mid and high-rise buildings, says chief executive
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NewsEmployee mental health and financial uncertainty top concerns for UK SMEs in 2022 – Marsh
Inflation hitting a 40-year high will have a ‘profound impact’ on how these firms operate now and in the future, says corporate and commercial chief executive
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News AnalysisEmployee ownership could boost ‘motivation and common purpose’ in insurance sector firms
While employee owned businesses can boost productivity, they are particularly susceptible to the harsh realities of the business world
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News‘Temporary’ government energy bill support does not avert risk of insolvency for UK businesses
Commercial insurance clients may now have to make operational decisions to survive tough economic times, say insurers
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AnalysisBriefing: Reinsurance sector still facing BI ‘big issue’ despite clarity for direct market
A lack of visibility around aggregation arbitration is preventing the reinsurance sector from dealing with Covid-related BI claims
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AnalysisBriefing: Insurers under pressure to harden rates as reinsurers talk tough
Feedback from the Rendez-Vous de Septembre conference is that reinsurers are cheerleading rising rates
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NewsReinsurers risk misunderstanding secondary perils due to less mature modelling
Professional services firm partner predicts a ‘pretty expensive year’ for the reinsurance sector as secondary perils drive up losses
