Legal
Aviva to give staff £1000 each in shares
Aviva has reported its highest gross written premium from continuing operations in "over a decade" and will grant its 22,000 employees £1000 each in shares.
Briefing: Walls closing in on insurers’ business interruption furlough savings
The pressure is mounting for insurers to rethink business interruption furlough savings, Post news editor Jen Frost argues in the wake of a landmark Australian judgment.
Corbin & King’s £4.4m victory against Axa opens insurers up to more and larger BI claims
The Commercial Court has ruled that Axa must indemnify restaurant group Corbin & King £4.36m for closures during the first year of the pandemic.
Daniel Wilkinson found not guilty in insurance awards sex assault case
Daniel Wilkinson has been cleared of groping a woman at an industry awards dinner in 2017.
Intelligence: Raising the AR bar
The insurance industry should not kid itself that it has no issues in its use of appointed representatives but, according to specialists, the FCA consultation should not strike fear into well-run businesses, writes Emmanuel Kenning.
Insurance awards groping allegations are ‘crazy’ says accused broker boss
Ex CGI commercial director Daniel Wilkinson has denied sexually assaulting a woman at an insurance industry awards celebration and labelled the complainant “opportunistic”.
Insurance HR director wanted alleged sexual assault brushed ‘under the carpet’, court told
In the second day of Daniel Wilkinson’s trial for alleged sexual assault, the court heard from a witness that CGI's HR director had suggested staff needed to brush accusations against the senior boss “under the carpet”.
Somerset Bridge and Leave EU appeals against ICO penalties come to an end
Somerset Bridge and Leave EU’s appeals against penalties imposed by the Information Commissioner’s Office in 2019 have come to an end, the former withdrawing its appeal while the latter's was dismissed after it failed to attend a hearing earlier this…
Inspire liquidators allege bounce back loan and record keeping issues
Andrew Fender, partner at Sanderlings, acting as liquidator of Inspire Insurance Service, has flagged concerns around cash, bounce back loans and record keeping in its first annual report on the insolvent business.
Court hears former broking boss 'grabbed' woman's bottom and crotch at insurance awards
Former CGI commercial director Daniel Wilkinson has pleaded not guilty to sexually assaulting a woman at an insurance industry awards dinner.
High Court rules Marshmallow breached Toba and misused Mulsanne's confidential information
Marshmallow breached its obligations under a terms of business agreement with Mulsanne and misused Mulsanne’s confidential information in preparation to launch its own insurance company in January 2021, the High Court has ruled.
Analysis: Online Safety Bill changes hailed but no room for complacency
Proposals to add paid for advertising and the offence categories of fraud and financial crime to the Online Safety Bill have been welcomed by the insurance industry but as yet there are no guarantees on the final product.
Partners&’s Phil Barton calls for a new commitment to giving quality advice
In the aftermath of the Supreme Court’s business interruption ruling, brokers must now ditch the transactional practices of the past for an advice-led approach to rebuild the marketplace’s reputation, argues Phil Barton, CEO of Partners&.
Brokers defend record amid insurance probe into 'failing' market for flats and tower blocks
Amid regulatory scrutiny brokers have accepted there are insurance challenges for flats but sought to defend their role when approached by Post.
Editor's comment: Celebration or commiseration
We are a family that is big on marking the passing of time – birthday, anniversaries and well just any excuse to get together really – good job too with no less than six family birthdays in January alone.
Adapting alternative dispute resolution could save insurers £30m in 2022
The case for adapting alternative dispute resolution urgently needs to be revisited according to Stewart McCulloch, managing director at Claimspace, who believes this could save the industry 'tens of millions' in court cost as well as release the…
Abacai’s Day Insure pursued for £500,000 plus by M&A advisory firm
Financial advisory firm Imas is seeking at least £500,000 from Day Insure in a suit that has revealed Aviva, PIB, Pikl, Sabre and Vantage were all in the frame to buy the broker.
Video Q&A: Carpenters Group CEO Donna Richards on staff, society and sustainability – what makes a business a stand out in 2022?
Post content director Jonathan Swift talks to Carpenters Group Donna Richards about sustainability and what her business is doing to improve the impact it is having on the environment?
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.
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.
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.
Trade Voice: Bila's Caroline Bell on why 2022 is the time for a renewed focus on wordings
Dr Caroline Bell, British Insurance Law Association committee member, and senior wordings counsel at Convex Insurance, reflects on the innovatory and future-proofing potential of policy wordings after a year that underscored that the words on the page –…
Judge to hand down Corbin & King v Axa BI decision 'as quickly as possible' as trial ends
The trial in the case of Corbin & King v Axa, the outcome of which is eagerly anticipated by insurers and would-be business interruption claimants alike, came to a close on Wednesday.
General Insurance Fraud Committee hopeful on spam advert legislation
The General Insurance Fraud Committee is hopeful that online advertising will be included in the Online Safety Bill, Clare Lunn, director of financial crime at LV GI and chair of the GIFC told Post.