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.
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
This is up from April’s $170m prediction, however, the insurer said it did not expect the outcome of last week’s FCA business interruption judgment to have a material impact.
Interim CEO Christopher Woolard sets out the regulator's expectations after the High Court handed down its judgment in the BI test case last week.
Experts discuss next steps for brokers, industry reputation and expectations from clients after the High Court delivered an outcome that differed across the policy wordings under scrutiny.
Partnering with private equity may help brokers succeed during what looks set to be a complex, challenging, but potentially rewarding period, argues Andrew Backen, partner, Equistone Partners Europe.
Some providers involved in the business interruption test case are considering an appeal, while others welcome the result.
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.
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…
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”.
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.
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.
Software house says Tasker moved its retail broking business across during the Covid-19 lockdown, with part of its product distribution for the underwriting business set to follow later this year.
Body urges industry to work on product governance, improving advice processes and establishing an approach to pandemics.
The society looks at the long-term financial and economic impact of the pandemic as it reveals its plans for the next year.
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.
Insurers will find out next week if their denial of coronavirus business interruption claims is legal.
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Check out the results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market.
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
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.
The broker will assess how best the city can operate in a post-Covid environment.
In a Dear CEO letter, Roma Pearson, head of retail GI, calls on brokers to address their strategies and improve their governance and warns the watchdog will take action.
With some sectors hit harder than others and reputational damage from unpaid business interruption claims fresh in clients’ minds, the coronavirus recession could be unlike any experienced before