Insurance Act
How 9/11 still shapes insurance
Editor’s View: On the 25th anniversary of 9/11, Emma Ann Hughes reflects on how the attacks changed terrorism risk, catastrophe modelling and insurance capacity forever and reminds the sector of how it must always help people recover from loss.
Making sense of the Insurance Act
Trade Voice: James Davey, president of the British Insurance Law Association and professor of law at the University of Bristol, warns an imminent legal judgment could be decided on a false assumption.
Cut-through clauses: a two-speed, double-edged tool
Cut-through clauses are a complex concept with many potential pitfalls with which those in the reinsurance industry may regularly need to engage, according to Emmanuèle Lutfalla and Nour Jonot, partner and associate respectively at the Paris office of…
Trade Voice: Bila’s Dan Brooks on whether dispute clauses are fit for purpose
Dan Brooks, British Insurance Law Association committee member and policyholder coverage lawyer at Wynterhill, discusses the often-missed opportunity that arises from appropriate drafting of a disputes clause within insurance policies.
HDI in hiring spree; GRP enters pet market; Flood Re appoints chair
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Trade Voice: Bila’s Brooks on why ‘policyholders good, insurers bad’ attitudes don’t wash
Dan Brooks, British Insurance Law Association committee member, and policyholder coverage lawyer at Wynterhill LLP, discusses why tribalism in the claims sector does not help the insurance industry in the long-run.
Liberty Mutual faces fresh wave of BI court battles
Liberty Mutual is facing a growing number of lawsuits over business interruption insurance, with a group of racecourses and pub chain Fuller’s the latest to join the ranks of organisations suing the insurer.
Analysis: Covid BI disputes rage on a year after Supreme Court judgment
The final bill for coronavirus-related business interruption claims could yet run much higher than the £1.3bn paid out so far depending on how issues left unanswered are resolved in the months – and possibly years – ahead.
Analysis: Business interruption late payment claims a 'live issue'
Insurers could still face claims for damages relating to the late payment of Covid-19 business interruption claims under an as yet untested part of the law, according to lawyers.
Hiscox/HAG arbitrators said furlough should not be deducted from BI payouts
The arbitrators who heard the dispute over business interruption claims between Hiscox and the Hiscox Action Group said that furlough payments ought not to be deducted from claims awards, Post can reveal.
Analysis: Tackling the Covid-19 business interruption surge
Insurers have paid out final settlements or interim payments on more than 20,000 business interruption claims related to the Supreme Court's January verdict, with Financial Conduct Authority figures and broker testimony suggesting that payout processing…
Blog: Insurance implications of the Uber Supreme Court ruling
In February the Supreme Court ruled that Uber drivers are considered to be workers rather than self-employed, with potentially serious implications for insurance, says Stuart Toal, Allianz casualty account manager, technical.
Insurers could face higher BI claims payouts as businesses look to Enterprise Act
Some business interruption policyholders are looking to claim damages under the Enterprise Act (2006) for late payouts, following the Supreme Court's verdict in the regulator's test case.
Directors face legal action if they don't get a grip on Insurance Act duties
Research and advisory business, Mactavish has warned the boards of UK companies increasingly run the risk of insurers not paying out on their claims due to lack of understanding of their responsibilities under new regulations, such as the Insurance Act…
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
This Week in Post: Is there a driver on board this truck?
Living in South London, I’m in an on-off relationship with my broadband connection. My unreliable web access is irritating – although it is probably not as bad as in certain rural areas.
Airmic's John Ludlow on the success of the Insurance Act
John Ludlow, CEO of the Association of Insurance and Risk Managers, looks at the successes and failures of the Insurance Act, which came into force a year ago.
I work in insurance: Georgina Oakes, Airmic
Oakes is research and development manager at the Association of Insurance and Risk Managers
Airmic 2017: Market not yet consistent on Insurance Act, Airmic warns
Brokers are adopting different approaches to achieving a fair presentation of the risk under the Insurance Act, the Association of Insurance and Risk Managers has warned.
Nexus's Colin Thompson on claims and the virtual insurer
Claims are the insurance shop window but are insurers really using them as differentiator they should, asks Colin Thompson, founder and executive chairman of Nexus.
Broker: Feeling exposed?
Many brokers’ professional indemnity policies contain exclusion clauses that limit their cover, leaving them and their customers exposed