Insurer
Biba urges industry to be mindful of its reputation after BI judgment
Broker trade body says it hopes the industry can move on following the High Court's decision yesterday and that any appeal will be “sorted out quickly” for the sake of policyholders.
BI ruling welcome news for policyholders but result differs by wordings
Disease and ‘hybrid’ wording policyholders are particularly well placed to seek compensation after the landmark High Court judgment today in the FCA's BI test case and those with prevention of access wordings may also find they have cover, law firm…
Broker NDML pledges to “continue to fight” for QBE clients after judgment
MD Simon Mabb, along with the Night Time Industries Association, says he is both “pleased and frustrated” at the ruling from the High Court, as he notes Hiscox claims have been deemed legitimate, but the QBE result is “still unclear”.
Hiscox expects less than £100m of Covid-19 BI claims after court ruling
The High Court today found in favour of the FCA and policyholders on the majority of the key issues under scrutiny in the business interruption test case.
High Court finds in favour of small businesses and the FCA on majority of issues in BI case
The High Court has ruled that the majority of businesses who held business interruption insurance and were forced to close could be entitled to be compensated by the insurers.
CII calls on sector to act now to avoid future FCA test cases
Body urges industry to work on product governance, improving advice processes and establishing an approach to pandemics.
Blog: Everything you were afraid to ask about algorithms
Covernet’s Jim Campbell explains what algorithms can do for brokers.
CFC revamps cyber incident response app
Provider says offering notifies policyholders of critical, time-sensitive threats and vulnerabilities in real-time, leveraging its proprietary data enrichment platform.
People Moves Round-up: 7 - 11 September 2020
Keep up to date with the latest people moves.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
MIB proposes 10% headcount reduction
Organisation says it is set to make 50 redundancies as part of a transformation programme and in response to "significant budget challenges" arising from Covid-19.
D-Day for industry as FCA reveals date for BI judgment
Insurers will find out next week if their denial of coronavirus business interruption claims is legal.
Lloyd's expects to pay out £5bn in coronavirus claims
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Allianz to close Liphook operation
The insurer is proposing to move its engineering, construction and power teams, based in Liphook, to its Guildford headquarters 17 miles away.
Stoneways Marine unveils yacht and motorboat product
The new offering is available to brokers and Stoneways stated that the policy includes covers such as non-medical repatriation and mental health support for those onboard.
Insurance Museum looks to raise £3m
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
Arag revamps family legal solutions offering
Product now includes a 'dark web' monitoring and ID theft restoration service, which the provider says will "enable brokers to build a truly unique proposition".
Video: How coronavirus has changed the business landscape
Insurance Age content director, Jonathan Swift, talks to MS Amlin's senior e-trade underwriter,Chris Morgan, about how insurance must adapt to the developing needs of customers as the pandemic acts as a catalyst for change.
Brokers predict tough challenge for Zurich's incoming UK CEO
Experts argue that Tim Bailey, who will take over when Tulsi Naidu moves to Zurich's Asia Pacific business, must prioritise getting to know the broker sector.
CII to sub-let office in Walkie Talkie
The body made the controversial move to Lombard Street from its historic Aldermanbury home in 2018.
Lockton accused of forging insurance documents
Property investor Aubrey Weis has alleged that the broker made “false and dishonest representations” regarding settlement of an insurance claim.
Insurance Industry Steps Up for Dementia
This autumn, the insurance industry is coming together again to help fight dementia with the ‘Step Up for Dementia’ Challenge. Insurance United Against Dementia (IUAD) has launched the fundraising initiative to unite the industry in the build up to this…
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Blog: Short-term Lets: Profit or Problems?
Tokio Marine HCC’s Marc Brewer gives brokers an overview of the specialist rental sector.