Hiscox Action Group and the Night Time Industries Association, representing more than 500 businesses, have agreed to work together to challenge Hiscox’s business interruption stance.
Regulator seeks court action to resolve uncertainty on business interruption cover and bring clarity on specific policy clauses.
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 brokers maintain their ‘trusted adviser’ status during these difficult time.
NDML is asking for some of Pool Re’s £6.6bn cash to be used to help businesses in the leisure and hospitality sector which have been hit by coronavirus.
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 headlines for the wrong reasons.
Harbour Litigation Funding will pay Mishcon de Reya to review the claims business owners have against Hiscox.
Mel Stride MP states firms are continuously facing difficulties in making successful coronavirus-related claims as the ABI says insurers are expected to pay out a total of £1.2bn.
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 the ongoing confusion around business interruption cover, and what is needed to bring some clarity to the situation
RSA is latest provider in firing line as nursery sector hits out and, separately, a new action group, Insurance Justice, has been set up to defend BI claims for businesses.
The group of companies criticising Hiscox for refusing to pay out BI claims as a result of the coronavirus says it is also in "advanced talks" with a litigation funder to underwrite its entire legal costs as dispute hots up.
The market has been criticised for its response to the coronavirus crisis, particularly with regard to business interruption as providers "look down the barrel' of class action.
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 insurance companies are seeking to make a difference within local communities during lockdown.
The Night Time Industries Association has been advised members have a “good case” against Hiscox as barrister warns “insurers will never be forgiven” for response to Covid-19.
Hiscox, which is currently in dispute with a group of firms over BI, said it is actively settling claims for event cancellation and abandonment, media and entertainment and travel.
Jonathan Edwards has signed an early day motion calling on the government to instruct all insurers to use dividends to pay Covid-19 claims.
Flaxmans makes case for government and insurance sector to team up to help businesses recover following the coronavirus pandemic as Mactavish calls for independent review.
The marketplace has been asked to collate insurer BI cover information for the regulator.
Reports state star chef Raymond Blanc has slammed Hiscox for not paying out after he was forced to close his restaurants and pubs in the wake of the coronavirus outbreak.
Updated: A number of providers have introduced exclusions for Covid-19.
Provider also posts increases in GWP and profit after tax as it reports "disappointing" personal motor result impacted by claims inflation and a "lower than anticipated" Ogden rate.
The insurer is facing a potential class action after declining a series of business interruption payments but says it could pay up to $175m and is “proactively paying claims”.
Regulator tells firms who refuse to pay out to explain why and how they believe it represents a fair outcome for customers.
Steve Green of Anthony Jones Insurance Brokers considers the future for the sector as the Covid-19 pandemic bites.
Blanc will head up a review following the Doncaster 2019 flooding to learn why victims did not have the right cover.
In the second of a new series of video casts brought to you by Insurance Age and Insurance Post while our journalists are in isolation lockdown we discuss how insurtechs are seeking to create positive customer stories to redress the negative media coverage.
But the consolidators say their models have not changed as a result of the coronavirus.
The organisation purchased Hughes & King for an undisclosed sum adding £4m in GWP to its business as it presses on with pipeline amid Covid-19.
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and the challenges it faces to maintain its self-proclaimed USPs as it grows.
Phil Barton, alongside Stuart Reid and Chris Jelf, has formed the broker from MRIB and Independents, La Playa, CGI and Versatile, with initial £25m investment from Capital Z.
Move comes after LV completes the transfer of its commercial lines business to Allianz.
Evans quoted the figure in a letter defending the response of insurers to the pandemic.
Covid-19: Brokers battle colossal workloads as they look to help customers change policies and maintain cover.
The venture, which is a combination of five existing brokers - MRIB and Independents, La Playa, CGI and Versatile - is led by former Jelf boss Barton, with Chris Jelf as commercial director.
Education, prevention and insurance: Eva Berg-Winters, founder and CEO at Bewica, shares her company’s approach to cyber with Insurance Age
MD Chris Blackwell will continue to lead Trilogy as the MGA states it does not expect any changes to the business following the deal.
With rates down and claims up, brokers are facing a new reality in the directors & officers market. Martin Friel reports
Biba's executive director, Graeme Trudgill, addresses the big question around business interruption and Covid-19.
Are there any solutions to the loss of capacity and increasing premiums in construction PI? Martin Friel investigates
John Glen said the government is in continual dialogue with insurance sector as he restates companies without the right cover will require support from elsewhere.
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
Building a broker: M&DH Insurance Services’ managing director Richard Hames tells Insurance Age why the construction and manufacturing specialist is focused on growth and how the broker is overcoming the current challenging market.
Consumer Intelligence warned that telematics restrictions following coronavirus may hit youngest drivers hardest.
Insurers point the finger at increased claims and unexpected Ogden rate change in a challenging year
As 2019 closed, the Acturis commercial broking index equalled its base line of Q1 2010, representing a quarter of heavy increases in premiums over the year before
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
The third quarter of 2019 brought year-on-year premium growth in all classes of commercial business but one, according to the latest set of data provided by Acturis.
Company warned that there is no end in sight to the recent rate hikes in the sector.
Test your knowledge of the week's news with our topical quiz.
Research by Willis Towers Watson and Confused.com also shows continuing fluctuations in average premiums.
Insurance Age has published the results of its annual study into the top 50 brokers in the personal lines market.