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Blank screens blank cheques?

The collapse of the Stock Exchange's electronic trading system last week highlighted the growing concern by liability insurers of IT consultancies over third party claims. Michael Feakes reports.

On 5 April the Stock Exchange failed to open for nearly eight hours.
The Exchange's information technology systems failed following the input
of corrupt data on share price information, which meant

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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