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Three BI cases collectively seeking up to £960m to be heard back-to-back by court
The Commercial Court is set to hear three cases relating to Covid-19 business interruption claims made under the Marsh Resilience wording back-to-back over five weeks in June and July.
FCA issues fair value warning amid government's flats insurance review order
The Financial Conduct Authority has written Dear CEO letters to insurers and brokers, putting pricing models, product fair value and commission in the spotlight after the government ordered a review into the "failing" insurance market for leaseholders.
Michael Gove orders review into ‘failing’ insurance market for leaseholders
The government has called on the Financial Conduct Authority to start a probe into the “crippling costs” of insurance premiums for residents of blocks of flats as it hit out at the current unacceptable situation.
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Analysis
Editor’s comment: Damned if you do and damned if you don’t
A New Year. A fresh start. Resolutions decided and hopes of a better – the best – version of me to come. Isn’t this how every year starts and yet how easy is it to do this? Most of us might change one thing or just take steps towards changing one thing but to make wholesale changes is difficult.
Analysis
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.
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world religion day
AIG celebrates #WorldReligionDay
— AIG Life UK (@AIGLifeUK) January 16, 2022
We're taking the opportunity to appreciate all religion & faiths. Everyone should be respected equally, so that's why we try to bring diversity into everything we do. #BeingYouAIG pic.twitter.com/lQaMzN1AGa
Most read
- Three BI cases collectively seeking up to £960m to be heard back-to-back by court
- Michael Gove orders review into ‘failing’ insurance market for leaseholders
- Tesco offers refunds after 'misleading information' motor insurance renewal breach
- Homelyfe stops offering home insurance quotes
- Watch Ageas, By Miles, Zego and Zurich discuss the benefits of UBI in upcoming Insurance Post webinar
- Judge to hand down Corbin & King v Axa BI decision 'as quickly as possible' as trial ends
- Self-driving car users should be off the hook for range of offences, commissions set out
Special Projects
Top 100 UK Insurers 2021
The top 100 Prudential Regulation Authority regulated companies listed by gross written premium, net written premium, underwriting result, retention ratio, solvency capital requirement and SCR ratio
Top 50 Reinsurers 2021
Diversification into primary insurance leads to shuffle among the world’s largest reinsurance groups AM Best's Catherine Thomas and Mathilde Jakobsen explain.
Top 30 Asia Insurers 2021
Asia Pacific non-life insurers have proven their agility and tenacity in overcoming headwinds over the past year to deliver solid results. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, discusses the region’s scorecard
Top 30 European Insurers 2021
The impact of Covid-19 saw the European non-life insurance market report a decline in gross written premium and profit after tax. AM Best analyses the numbers and reports on the movements in the ranking and the outlooks for the leading markets within the continent
People & Comment
Trade Voice: Bila's Caroline Bell on why 2022 is the time for a renewed focus on wordings
My Other Life: Alice Hendy, founder, R;pple Suicide Prevention
WTW's Frederick Gentile on taking a realistic approach on supply chain resilience
Blog: Importance of technology in handling post-pandemic inspection surge
60 seconds with... Alice Mitchell, Handl Group
LV’s Michael Lawrence on the trends and changes in the broker market
Blog: Why customer service scores are falling behind consumers’ expectations
Blog: HR’s role in insurance during and after the pandemic