Claims
BI court case judges aiming for draft judgment in mid-September
Lord Justice Flaux has confirmed the middle of September as the target date for a draft judgment in the business interruption court case brought by the Financial Conduct Authority against UK insurers.
Connected claims is the driver to take telematics closer to the mainstream, says Trak Global CEO Corrie
The next generation of telematics will involve low cost hardware coupled with smart phones and be based around the connected claims journey.
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.
Future Focus 2030: The future of property
As part of a monthly series, Post looks into the future at how the insurance market might change, with each part focusing on a specific issue through a 2030 lens. In the latest instalment, Jonathan Swift looks at how in 10 years new technologies from…
Claims Apprentice 2020: Episode three - Podcast challenge part two
With topics decided, guests lined up and vox pops taped it is time for Team Empower and Team KDA to enter the studio to record their podcasts.
ABI seeks to 'tell the full story' on industry’s Covid response: Huw Evans
The industry should not shy away from the business interruption insurance issue but equally it is not “the be all and end all of the Covid crisis”, according to Huw Evans, director general of the Association of British Insurers.
QC accuses FCA of failure to show causal connection between government action and the disturbance to the insured businesses
Insurers argued the Financial Conduct Authority is “unable to demonstrate” any meaningful connection between the action taken by the UK government on a national basis in response to Covid-19 pandemic and the locality of firms’ premises, as the court…
US Covid-19 liability shields: What do they mean for UK insurers?
As US states introduce a new wave of legislation intended to encourage businesses to reopen without the fear of an onslaught of Covid-related lawsuits, Andrea Best and Kristi Garrett of law firm Mc Dermott, Will & Emery ask whether these liability…
Sun Capital injected £7m into Mulsanne as SCR fell below 100%
The new backers of Mulsanne Insurance Company had to invest £7m into the Gibraltar-based underwriter this April to meet solvency capital requirements.
Insurers’ QC claims FCA is 'forcing a square peg into a round hole' in BI test case
Providers argue regulator’s case doesn’t work because access to premises was not prevented during pandemic as lawyers for Hiscox, Ecclesiastical, MS Amlin, Arch Insurance and Zurich make their submissions.
Trade Voice: Mass chair Paul Nicholls on delivering for claimants during Covid-19 and beyond
Paul Nicholls, chair of the Motor Accident Solicitors Society, addresses the insurance and legal industries’ responses to Covid-19 but warns the pandemic has delayed progress on the numerous issues that need to be tackled ahead of the implementation of…
Carter hails 'trampoline bounce back' after lockdown hit H1 volume at Sabre
Motor specialist insurer Sabre was pleased overall with the half-year results as the coronavirus pandemic pushed premiums down 14% to £86.9m, CEO Geoff Carter told Post.
Briefing: Tesla CEO Musk warns incumbents it is building a 'great, major insurance company'. Should they be worried?
On last week’s Q2 briefing call Tesla CEO Elon Musk told insurers he is coming for their actuaries, to help him start an insurance ‘revolution’. But could his obsession with data and math have blinded him as to where the real battle in motor insurance…
Claims Apprentice 2020: Episode two - Podcast challenge part one
Now that the six contestants have been split into teams and decided on their names, it is time for the apprentices to tackle their first challenge.
Hiscox QC accuses FCA of 'tearing up the rule book on causation'
Jonathan Gaisman, QC, branded parts of the Financial Conduct Authority’s arguments as camouflage, a misuse of language and “blurring every divisible thing into one amorphous mass” as he defended Hiscox in the ongoing business interruption test court case.
Cost of motor insurance at four year low due to lockdown
The cost of motor insurance fell to the lowest quarterly level since 2016, according to statistics from the Association of British Insurers.
Travel insurance policies purchased in recent months unlikely to cover Spain cancellation claims
Holidaymakers cancelling trips to Spain in light of the updated travel guidance issued over the weekend are unlikely to find cover under their travel insurance if they purchased policies after mid-March.
Concerns grow over fraud and arson increase due to Covid-19 lockdown
Financial hardship caused by UK-wide lockdown is contributing to increase in fraud and arson, warn loss adjusters.
Post Magazine celebrates 180th birthday
This weekend Post Magazine celebrated its 180th birthday given the first issue appeared on Saturday 25 July 1840.
Telematics thwarts thieves to save £300,000
Dedicated telematics tracking devices have led to the quick recovery of three stolen high-end vehicles and saved London-based car hire company nearly £300,000.
Ecclesiastical recruits Trott from Allianz for claims director role as Bonehill retires
Ecclesiastical has recruited Jeremy Trott from Allianz to fill the claims director role with David Bonehill retiring this October.
Swiss Re pegs H1 Covid-19 losses at $2.5bn
Swiss Re has predicted $2.5bn (£1.96bn) of pre-tax Covid-19 losses in the first six months of 2020 will drive its half year results to a $1.1bn loss.
Updated: RSA QC lambasts ‘clear misuse’ of the word ‘peril’ by action group
Representing RSA, David Turner QC, accused the Hospitality Insurance Group Action of “clear misuse” of the word ‘peril’ on the on the fourth day of the hearing of the Financial Conduct Authority’s Covid-19 business interruption test case.
