Overall premiums remain flat after the provider continues to shrink its personal lines business, as Aviva also revises its expected impact from Covid-19 related claims to around £100m.
Judges pledge to work quickly but there is no certainty on when policyholders and insurers will get a decision on the business interruption appeal as hearing concludes.
The action group put forward its arguments on the last day of the Supreme Court BI test case hearing.
The Superme Court hearing of the business interruption test case continued for the third day as lawyers compared coronavirus to the Great Storm of 1987.
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
The Supreme Court heard arguments from lawyers representing QBE, Argenta and MS Amlin on 16 November as insurers began their appeal of the September judgment handed down in the FCA’s business interruption test case.
The hearing in the FCA's business interruption test case starts on 16 November and will be heard by the same judges that oversaw the Orient Express case, which insurers have been relying on during the court proceedings.
The Covid-19 crisis, and subsequent national and local lockdowns, have hit the hospitality sector hard, but, as Sam Barrett reports, there are concerns for the future. However, there are reasons for optimism and a number of ways for brokers to help their…
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
The Financial Conduct Authority test case has seen a third of sector professionals believe faith in insurance has been “greatly reduced”.
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
HIGA opens up membership to all policyholders with the Resilience or QBE1 policy wordings.
Neill Johnstone of Lorega assesses the impact of the claims experience during coronavirus and outlines what good looks like.
Reputations at risk: Figures from FWD Research show that insurers’ reputations are at a low among brokers and customers but also reveal some reasons for optimism, writes Simon Staplehurst
Eight parties in the FCA business interruption court case have been allowed to leapfrog appeals to the Supreme Court as QIC Europe is denied right to join the test case and Ecclesiastical withdraws.
Many in the insurance sector will have strong, and not necessarily favourable, opinions of Bruce Hepburn, but the outspoken Mactavish CEO tells Martin Friel that the consultant’s criticisms of brokers could lead to a fairer and more profitable industry
Brokers react to business interruption case as insurers, policyholders and the FCA consider appeals
Regulator says it will continue discussions with insurers and action groups to find a solution for the outstanding issues as soon as possible.
Regulator says discussions between the parties involved in the case continue ahead of the next hearing on 2 October, as the watchdog along with seven insurers file "precautionary" applications to skip Court of Appeal.
The night life industry and broker NDML call on the provider to "accept that the time to pay has arrived" in open letter to Hiscox MD.