Updated figures reveal providers have made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m since the Supreme Court verdict in the FCA test case.
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Stay up-to-date with the latest job changes in the world of insurance.
Panellists at the CII Conference discussed the changes the industry needs to make in order to meet customers' needs and what skills brokers can work on in order to maintain lucrative relationships with clients.
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
The broker will offer RSA and More Than products to SME customers.
Canadian insurer Intact reveals its plans for RSA's UK and International business as it makes its first move into the UK market.
The £7.2bn takeover of RSA by Intact and Tryg was announced last year.
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
The key job changes in the world of insurance this week.
Richard Horne has been appointed as regional director for the region at Gallagher.
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
Following on from GRP's surprise purchase of Marsh Networks, Martin Friel investigates how consolidation is changing the networks landscape.
Updated figures show providers have made interim payments of £247.7m and final settlements of £352.1m since the Supreme Court verdict, but 12,217 policyholders are still waiting to hear whether their policies provide cover or not.
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
As consolidators make a land-grab in Scotland, Martin Friel investigates the future for independents in the region.
Canadian insurer Intact is set to buy RSA's Canadian and UK & International operations in the second quarter of this year.
CEO points to an underlying UK & Ireland COR of 96.7% and praises broker contribution as he looks ahead to Intact acquisition.
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
Regulator says Supreme Court decision gives insurers the clarity they need to conclude their claims processes with most of their BI customers but a few issues still remain as parties make written submissions to the Supreme Court.