The business is to return £110m to car and van customers as part of Stay At Home Refunds as it becomes first to bow to pressure to give back as policyholders use vehicles less.
The group, which has members including Aviva's Maurice Tulloch and RSA's Stephen Hester, is working closely with Pool Re to develop solutions to the crisis.
Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year.
Reports state star chef Raymond Blanc has slammed Hiscox for not paying out after he was forced to close his restaurants and pubs in the wake of the coronavirus outbreak.
CFC's Lucie Dean discusses what brokers can do to help their SME manufacturing clients.
As lockdown continues PKF Littlejohn’s John Needham, shares information about how insurance businesses are accessing the government’s business relief measures amid the coronavirus pandemic.
Insurance Age finds out how Nick Hobbs, director of broker markets at Allianz UK, has adapted to changes in working practices amid the Covid-19 outbreak.
Updated: A number of providers have introduced exclusions for Covid-19.
Provider also posts increases in GWP and profit after tax as it reports "disappointing" personal motor result impacted by claims inflation and a "lower than anticipated" Ogden rate.
Sector responds to the regulator's Dear CEO letter calling on insurers to pay valid claims quickly.
Regulator reports 75% increase in PPI complaints ahead of 29 August 2019 deadline.
The insurer is facing a potential class action after declining a series of business interruption payments but says it could pay up to $175m and is “proactively paying claims”.
Regulator tells firms who refuse to pay out to explain why and how they believe it represents a fair outcome for customers.
Blanc will head up a review following the Doncaster 2019 flooding to learn why victims did not have the right cover.
Sector also welcomes Ant Middle, who is set to take over the reins in June.
Insurance Age finds out how Peter Davis, head of customer & distribution at Zurich UK, has adapted to changes in working practices amid the Covid-19 outbreak.
On demand insurtechs encourage incumbents to give back premium as it is predicted providers could save £1bn as claims plummet amid lockdown.
Regulator also wants to increase the authorisation application fee for brokers from £1,500 to £2,500.
Watson will hand over the reins to Ant Middle at the end of June this year.
Jason Harris joins from Axa XL and will succeed Pryce as CEO of QBE International.
Move comes after LV completes the transfer of its commercial lines business to Allianz.
Evans quoted the figure in a letter defending the response of insurers to the pandemic.
Covid-19: Brokers battle colossal workloads as they look to help customers change policies and maintain cover.
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.