Business interruption
Insurers urged to pay claims quickly following BI ruling
The Supreme Court concluded the Covid-19 business interruption dispute by substantially ruling in favour of policyholders.
Supreme Court rejects insurers' appeals in BI test case judgment
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
BI test case Supreme Court judgment expected next year
The FCA has said that no judgment will be handed down before January 2021.
FCA consults on how best to prove presence of Covid-19
The regulator is asking for comments by 18 January 2021 and says it does not expect this aspect of the BI court case to be affected by Supreme Court BI appeals.
Aviva grows UKGI commercial lines premium by 10%
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.
No firm deadline for Supreme Court BI judgment
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.
HAG says Hiscox policies are "complex and unworkable" in Supreme Court appeal
The action group put forward its arguments on the last day of the Supreme Court BI test case hearing.
FCA counsel argues "insurers took the plunge" on disease clause
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.
Blog: Change the front page
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
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.
Insurers launch their appeals as FCA BI Supreme Court battle begins
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.
Orient Express named as "main battleground" ahead of BI test case Supreme Court hearing
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.
In-depth - hospitality: Glass half empty or half full?
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…
Date set for Supreme Court BI battle
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
Hiscox reports Q3 growth despite Covid BI case
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
SMEs cut back on insurance spend amid Covid-19 financial struggles
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.
Premiums collected will not cover insurable Covid losses - report
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
Trust in insurance sector plummets after BI case
The Financial Conduct Authority test case has seen a third of sector professionals believe faith in insurance has been “greatly reduced”.
BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
Hospitality group looks to expand membership ahead of BI test case appeals
HIGA opens up membership to all policyholders with the Resilience or QBE1 policy wordings.
Blog: The claims lessons to learn from Covid-19
Neill Johnstone of Lorega assesses the impact of the claims experience during coronavirus and outlines what good looks like.
Opinion: FWD Research's Simon Staplehurst on insurer reputations
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
Pressure groups’ fury at Supreme Court BI appeals
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.
Profile: Friend or foe? We meet Mactavish CEO Bruce Hepburn
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