Kingfisher detailed misuse of the Motor Insurance Bureau’s MyLicence platform and suggested it may not have bought the broker as it seeks to claim millions in damages.
Harbour Underwriting launches After the Event (ATE) commercial dispute insurance to the broker space.
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.
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.
Document shows Kingfisher expects to recover in excess of £10m in damages as it accuses the Fresh vendors of fraudulent misrepresentations.
The case relates to premiums of over £3.9m collected by the broker before the unrated Danish insurer failed in 2018.
Amicus denied accusations of breach of contract and client poaching after DIG filed legal proceedings against the broker and an employee in July.
Aubrey Weis, who has also accused Lockton of fraud in a related court case, claims the provider owes over £1.6m in damages following a property claim.
Broker admits former employee forged an email from Axa along with settlement offers for a claim, but claims the business was misled and that these actions did not result in any losses for the customer.
HIGA opens up membership to all policyholders with the Resilience or QBE1 policy wordings.
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.
Howden has reached agreement to acquire St Giles Legal & Professional Risks a professional indemnity insurance broker specialising in the UK solicitor sector.
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.
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.
Move comes after the court ruled in favour of policyholders in relation to one of QBE’s policy wordings as well as Marsh’s Resilience wording.
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 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.