Property - commercial
Axa blames Lockton errors in defence to property developer's fire claim
Axa has blamed Lockton for issuing an incorrect certificate as the insurer estimated its liability for the damage portion of a property claim at £541,000 rather than the £1.7m being sought by property investor Aubrey Weis in a High Court action.
Blog: Environmental liability – a catastrophic cover gap
Judy Hadden, founder of James Hallam business Oilspill Insurance Services, considers the hot topic of environmental liability cover, which she argues may be difficult to explain and sell but is an important value add.
Lockton denies fraud as Axa hit with legal action
Broker Lockton has denied acting fraudulently regarding a property developer’s claim, as fresh legal action was brought against insurer Axa.
Briefing: False hope is no antidote - a business interruption appeal is still firmly on the table
The world is devoting a lot of energy into finding a vaccine or ‘cure’ for Covid-19. We should know by now that false hope is not an antidote.
Blog: Why sprinklers should be mandatory in schools
Schools have a fire risk almost twice as high as other non-residential buildings, yet are poorly equipped to prevent a fire becoming a major disaster, according to new research by Zurich. Tilden Watson, Zurich Municipal head of education, explains why…
Wales flood claims volume low so far as UK braces for storms
Loss adjusters are on standby following flooding in parts of Wales yesterday, as the Met Office warned of storms across the United Kingdom.
Future Focus 2030: The future of property podcast - how IoT sensors, automation and granular data will shape the next decade
It is the year 2030. The explosion of internet of things devices has really taken hold impacting both the personal and commercial property markets.
QC calls on court to treat insurers fairly
Insurers dived into the causation debate during today's proceedings, slamming the Financial Conduct Authority’s approach to the ‘but for’ test as the business interruption case continued in the High Court.
Analysis: The Covid crunch in insurer results
With analysts cautioning the Covid crunch will begin to bite insurers in the second quarter of 2020, Post investigates what impact the coronavirus pandemic has already had in the first quarter
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
Malcolm Harvey's Qlaims unveils flooding parametric partnership
Qlaims has teamed up with Mason Owen Financial Services and parametric insurance specialist Floodflash in the first use of its claims service for a project management rather than advocacy solution.
Pandemic drove 55% increase in average policyholder contact time: Verisk
The coronavirus pandemic has had a bigger impact on claims handling than other natural disasters, with the average time to contact policyholders after a claim up 55% compared to normal levels, a conference heard.
Analysis: Loss adjusters gear up civil unrest pandemic preparations
With Black Lives Matter supporters and far-right activists expected to take to the streets over the weekend and Brexit tensions threatening to resurface this year, loss adjusters say the potential for claims due to civil unrest will largely depend on how…
Post Claims Club Live: Digital claims management in the age of Coronavirus
Continuing the Post Claims Club Live digital event today we have a video focusing on the future of claims management, the adoption of new technology and ask what customers will demand from the claims process in the future
Insurance Covid-Cast - episode six: From panic to practicalities, what will BI insurance look like when the Covid-19 recriminations settle down
In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how the insurance industry let the narrative over business interruption become national…
Insurers praised for postponements on unoccupied premises clauses
As many businesses hit one month out of their offices and workplaces insurers have been praised for their response to unoccupied premises clauses in buildings insurance.
Analysis: After the flood
Storms Ciara and Dennis hit the UK on 8 and 16 February respectively, contributing to what was the wettest February since 1862. Post looks at the impact of the storms
ABI calls for annual government flood defence spending to rise to £1.2bn
Jon Dye, the chair of the Association of British Insurers, has called for government flood defence investment to rise to at least £1.2bn a year.
Insurer concerns on lenders' insurance requirements
Allianz has called on brokers to be more proactive in discussing the implications of financing agreements on clients’ insurance policies, warning that the conditions being requested by lenders are becoming increasingly onerous.
Diversity and Inclusion in Insurance Award winner: Zurich's Marianne Skinner
Following last month's Diversity and Inclusion in Insurance Awards we caught up with all the winners. Today we feature the LGBT plus Champion and overall D&I Champion, Marianne Skinner, London Market underwriter at Zurich Insurance and chair of Zurich…
MS Amlin CEO Simon Beale steps down as insurer restructures
MS Amlin CEO Simon Beale is stepping down as parent company MS&AD restructures the insurer as part of an international reorganisation.
Claims MGA launches with former Axa boss Mike Keating
Ex-Axa and One Commercial leader Mike Keating is heading up managing general agent Qlaims Insurance as it launches with a claims advocacy service for commercial insurance brokers.
This week in Post: Carnival spooks
This week, some Post colleagues and I attended CFC Underwriting's annual Halloween party. The theme this year was carnival, and accordingly, the party was full of clowns, fortune tellers and more than the odd Joker.
Marsh raises concerns over syndicates' response to Lloyd's silent cyber mandate
Businesses could face surprising changes to their policy wordings ahead of their January renewals, as Lloyd’s property underwriters move to either affirm or exclude cyber coverage.