Covid-19
LV's underwriting profit falls by 39% in 2019
But CEO Steve Treloar says premiums in the provider's broker business has grown by 24% after Allianz's personal lines business transferred to LV.
Covid-19: ABI clarifies position on business insurance
The insurance industry has faced a customer backlash as most commercial policies do not cover for business interruption caused by pandemic.
Finance adviser suspends broker fees
Integritas has stopped fees for insurance brokers until 15 April amid the coronavirus outbreak and says it will help them access the government BI loan scheme.
Covid-19: Software houses release continuity plans
Updated: No interruptions to services are expected, but some staff are expected to remain at their offices.
Covid-19: Mactavish calls on government to help insurers through crisis
Consultancy warns coronavirus impact on insurers will lead to dramatically rising premiums and exits from business classes as it urges the government to look at a range of measures including temporarily suspending IPT.
Covid-19: Government addresses nation on pandemic BI cover
Government says insurers will cover pandemic but ABI insists this changes very little as most do not have this type of cover.
CII postpones some exams amid coronavirus outbreak
The body is hitting pause on April’s written exams until October but plans to press ahead with its July sittings and multiple choice exams in small groups will continue.
Covid-19: Biba defends hiring Boris Johnson as speaker
The body paid him £25,000 but the entire industry is now under fire over government decision to not enforce business closures in a move which some claim will affect BI cover.
Covid-19: ABI admits few will be covered for BI
The government advised leisure businesses to close voluntarily prompting a public backlash that firms won’t be able to claim for business interruption as it isn’t a closure order.
Applied Systems implements remote working globally
Software house has also introduced measures to enable its clients to follow suit.
QBE to close UK offices in coronavirus stress test
Insurer pledged no business interruption as it plans for employees to stay home on Wednesday 18 March.
The Blog Spot: Navigating these strange times
We’re already seeing travel cover suspended and confirmation BI isn’t covered for Covid-19. What might this mean for the future of insurance and trust in the sector?
LMA develops renewal clause amid Covid-19
The London Market organisation has published wording to ensure coverage continues beyond a specified renewal date as the coronavirus pandemic continues.
Covid-19: Brokers ban meetings and push remote working
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
CII president video streams speech as coronavirus restrictions hit
Nick Turner, also a director at NFU Mutual, was stopped from attending the annual CII president's dinner after the provider banned staff from attending events with more than 100 guests.
Travel brokers reveal mixed approach to coronavirus cover
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.
Lloyd's to close underwriting room for 24 hours in coronavirus stress test
Market to test its readiness by invoking its emergency trading protocol.
LV suspends travel insurance due to Covid-19
Provider says existing customers will not be affected by the move.
Sector escapes IPT rise in ‘coronavirus’ Budget
The decision to keep the unpopular tax at 12% has been welcomed by the insurance market as Chancellor introduces other measures to help Covid-19 hit businesses.
Axa confirms position on coronavirus business interruption coverage
Updated: The provider won’t cover for Covid-19 unless it is specifically named in the terms as other insurers including RSA, Allianz, NIG and Ageas respond to the crisis.
Blog: Brokers on the front line of understanding SME Covid-19 exposure
As the government struggles to contain the spread of coronavirus, Lorega’s Angus Tucker, considers SME policies might respond and calls on brokers to be proactive in reviewing client policies.