Spike in FOS referrals reveals motor cover is most complained about insurance product – Insurance DataLab
Understanding the make up of complaints will be key in preparing for the regulator’s fair value spotlight, according to data service co-founder
Sharp decline in motor claims following MoJ release of OIC data
For the year as a whole, just under 300,000 motor claims were registered in 2021 compared to 350,000 between June and September the previous year
New OIC data reveals only 1% of claims settled
The insurance industry largely welcomes the new Online Injury Claim portal, but it is still early days as the data reveals that 4,331 claimants are unrepresented
Loss adjuster warns of spike in cannabis linked fire claims amid lockdown easing
Around 94% of cannabis farms are now located in domestic premises and around 25 farms or factories are being discovered by police each day
BrokerFest 2021: Sustained period of cyber market hardening must be fully understood
Ransomware demand ’is 20 times more than what we saw in 2018’, says MGA’s head of cyber
Boom in business protection complaints show customers still feel ‘hard done by’ – Insurance DataLab
Despite the High Court’s ruling to clarify business interruption claims, complaints have increased more than fourfold over the last year
Car insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
Insurtech reveals new RSA-backed tradespeople insurance product
The product caters to the UK’s tradespeople market, aiming to reduce administration times and speed up claims
Credit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
Brighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
Government explores underwriting home insurance for flammable cladding risk
Home insurance premiums have soared from £8m to £29m in a year, according to the Association of Residential Managing Agents
Airmic 2021: KYO strategies transforming claims
Know Your Opponent tools can help predict ’how certain cases will be dealt with’ regarding claims