Claims
Hiscox Action Group grows to more than 100 businesses
A group of businesses taking on Hiscox over rejected Covid-19-related business interruption claims has grown to over 100 firms, Post has learned.
This week: Under pressure
UK insurers are coming under increased scrutiny as Covid-19 worsens. And this week that was certainly the case for Hiscox after businesses threatened the insurer with a class action lawsuit for rejecting claims related to the Covid-19 outbreak.
Claims automation insurtech building coronavirus support feature after $2.5m raise
Insurtech Sprout AI, which previously operated under the name Blockclaim, has raised $2.5m (£2m) in a second seed-funding round.
Blog: Temporary vehicle insurance - what are the benefits to UK motorists?
The financial impact of Covid-19 is being felt by UK motorists. Alan Inskip, Tempcover CEO, explains many are facing immense financial uncertainty at a time when their annual insurance policy is due for renewal, but their vehicle usage is severely…
Hiscox fires out response as BI conflict rumbles on
Hiscox has outlined its exposures to coronavirus losses as businesses that have had claims for coronavirus-related interruption rejected by the provider have come together, calling themselves the Hiscox Action Group.
RTW Plus adds Mark Jones to lead on client services
Rehabilitation specialists RTW Plus have appointed Mark Jones as client services manager.
Investment returns push Covéa into profit after underwriting loss
Covéa delivered an underwriting loss of £22.3m in 2019 compared to a profit of £1.8m the year before, with the insurer hit by high levels of motor claims inflation and flat market premiums along with a lower level of reserve releases.
Expertise in Audio 1: Risk and catastrophe management – is insurance truly our global safety net?
Insurance Post director of content Jonathan Swift is joined by Ed Messer, head of catastrophe management at Aon, and David Rubens, CEO of the Institute of Strategic Risk Management, to discuss if insurance is truly our global risk safety net?
Blog: Surviving the consequences of Covid-19
Malcolm Henké, head of Horwich Farrelly’s large and catastrophic injury group, provides a perspective on the potential challenges and opportunities that come with Covid-19 when looking at large and complex injury litigation.
Settle Covid-19 claims fast and make interim payments, FCA tells BI insurers
The Financial Conduct Authority has said it will assess how insurers are interpreting business interruption policies, as it urged firms to settle valid claims quickly.
Hastings pushes ahead with dividend payment plan
Hastings Group has confirmed it will propose a final dividend of 5.5p per share at its AGM on 21 May despite calls from regulators for the industry to suspend payments during the coronavirus pandemic.
Amanda Blanc to lead government review into flood insurance
Former Zurich and Axa boss Amanda Blanc has been picked to lead a cross-government review into why people did not have enough insurance cover in place during the November 2019 floods and deliver recommendations for future actions.
Hiscox rejects 'Public Authority' clause interpretation as coalition of BI claimants threaten class action
Hiscox faces a potential class-action lawsuit from policyholders that have had business interruption claims rejected.
Davies promotes ex-Foil president James Heath to group chief risk officer
Davies has appointed James Heath to the newly created role of group chief risk officer.
Blog: Navigating risk in a changing operating environment
Diversification can be key to business stability and growth as companies across the country are finding themselves navigating changing operating environments within their industries and professions, offering potentially rich rewards. But Paul Coleman,…
Spotlight: The evolution of mobility post-loss
Keeping policyholders on the road after an accident or the theft of a vehicle has driven a number of mobility solutions. But, with consumer sentiment shifting and more options becoming available to insurers, the post-loss mobility market is set to evolve
Download the Insurance Covid-19 Resilience Survey
The Covid-19 pandemic has resulted in the mass migration of insurance professionals away from the office environment for the foreseeable future. In light of this unprecedented situation, Post subscribers were invited to take part in an online survey to…
Covid-19 Resilience Survey finds insurance employees most concerned about mental health and mass sickness
The ability for employers to handle staff wellbeing - especially mental health - and manage business if staff numbers are significantly reduced due to sickness, were the most pressing concerns among respondents to an exclusive Post survey focused on…
Motor Mouth Podcast 11: Technology the driver in motor insurance
“Motor insurance is there to support customers in their time of need,” Mike Brockman, CEO and founder of Thing Co, explains to Jonathan Swift, content director of Insurance Post.
Motor Insurance World Live video presentation: Same problem, new challenges; tackling motor fraud in 2020
Allianz has been tackling fraud for over a decade with savings increasing year-on-year for the last ten years.
Motor Mouth podcast 10: From car salvage to the future of work – what is the future of motor insurance?
Director of content Jonathan Swift discuss how the sector will adapt to challenges being presented at the moment with Motor Insurance World sponsor E2E Total Loss Management and its chief operating officer Neil Joslin.
UK body repair sector reports claims down more than 70% due to Covid-19 restrictions
Less than two weeks into a ‘partial lockdown’ that some fear could last six months, slightly under three quarters (72.2%) of respondents to the UK Body Repair Covid-19 Survey reported that claims notifications were already down more than 70%, with almost…
Retroactive coronavirus pay outs would ‘seriously threaten the stability’ of global insurance industry
Global insurers have warned governments that if they impose retroactive pay outs for Covid-19 this will make it difficult if not impossible for insurers to respond to the crisis and other insured events.
Be Wiser's Mark Bower-Dyke on the role of insurers during the coronavirus pandemic
As Covid-19 sweeps the globe, Mark Bower-Dyke chairman at Be Wiser Insurance, explains the critical role insurers play in these challenging times and why they need to step up to the plate.