Government, insurers and FCA must provide clarity on BI furlough deductions if the courts cannot, says FSB
The Federation of Small Businesses has called for insurers, government and the Financial Conduct Authority to agree specific conditions for the deduction of government support from business interruption claims if ongoing litigation proves unable to give…
The Federation of Small Businesses has called on the insurance industry to improve the clarity of policy wordings after it found that 30% of small businesses and the self employed have difficulties understanding what their insurance covers.
With the world becoming more uncertain and volatile with each passing week, Allianz chief distribution and regions officer Nick Hobbs outlines how the insurance industry can help, beginning with indexing inflating exposures and reconsidering indemnity…
The trial in the case of Greggs v Zurich drew to a close on Tuesday, in a shortened process which forwent opening statements and cross-examination of expert witnesses.
The trial in the case of Various Eateries v Allianz ended last week, with the UK restaurant chain and its insurer exchanging arguments in closing statements.
Claimants will have “a mountain to climb” to get over the hurdles to sue brokers for negligence in Covid cover, however if successful, the claim against Pound Gates could act as encouragement for claimants to pursue claims they wouldn’t have otherwise.
Allianz Commercial’s win follows a market-beating Covid claims response, improvements to broker support, and a significant increase in combined operating ratio.
The High Court trial in bakery chain Greggs’ business interruption claim against Zurich Insurance has been delayed until later this month.
Post invites industry insiders affected by the key issues they believe insurance is getting ‘inside out’ to share their perspective and state their case for change. Here, a former business interruption insider argues that the government should follow the…
Stonegate alleges 'obliteration of cover' while insurers say it has got policy terms 'fundamentally wrong' in closing submissions
The trial in the case of Stonegate v MS Amlin and others, drew to an end this week, with the UK’s biggest pub group and its insurers exchanging arguments in written closing submissions.
Broker Pound Gates faces professional negligence suit from nurseries unable to claim for pandemic closures
Around 70 childcare nurseries that were unable to claim for losses incurred during the pandemic have joined a prospective class action planning to take legal action against their insurance broker.
Greggs has upped the sum it is claiming from Zurich in a High Court dispute over Covid-19 business interruption losses to in excess of £150m.
Brokers have been urged to revisit property insurance with their commercial customers as insurers warn 50% of businesses are underinsured.
The High Court battle between the UK’s biggest pub group and three insurers – MS Amlin, Liberty Mutual and Zurich – continued on Tuesday with the insurers taking issue with the pub group’s submissions regarding causation and aggregation.
Stonegate underscores varied pandemic impact on individual establishments as £1.1bn Covid BI trial gets underway
Stonegate kicked off its Covid-19 business interruption suit against its insurers on Monday, claiming that “the story of no two venues during the pandemic is the same”.
The Pandemic has forged ‘higher levels of trust’ in insurance, but ‘visibility’ is needed around cover
Consumers and businesses have come to appreciate the importance of insurance more as a result of the pandemic, but believe policy language should be simplified.
Corbin & King verdict leads to ‘dusting off’ of BI claims as Premier League teams issue court action
The legal sector is revisiting business interruption claims that might have been mothballed after the Financial Conduct Authority Test case as the Corbin & King verdict reopens the possibility of policyholders being able to bring claims under their non…
Not all insurers are created equal where it comes to keeping on top of the business interruption claims deluge. Post analysis of Financial Conduct Authority data reveals how firms have fared.
Allianz Holdings CEO Colm Holmes caught up with Stephanie Denton after his first 100 days in the role to explain why the next three years will be all about growth for the UK insurer.
As Ireland emerges from the Covid-19 pandemic into a post-Brexit world, David Worsfold explains that after addressing past regulatory failures, and now looking to make personal injury reforms, the Irish insurance market is currently looking forward and…
Many small businesses are now returning to pre-pandemic activities, but still keeping the reduced levels of cover they had during the Covid-19 lockdown, writes Helen Bryant, director of digital trading at Allianz Commercial, as she warns against the…
Job adverts for claims roles are on the up, research has suggested, with the business interruption ruling a likely driver.
Clyde & Co merges with BLM; Beazley unveils underwriting structure; KGM buys Eridge Underwriting Agency; Blanc becomes WWF ambassador; and Swiss Re warns of global protection gap
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Axa has decided not to appeal a £4.36m Commercial Court business interruption judgment against it.