Liability
Six month coronavirus lockdown could force 'total reassessment' of motor insurance risks
Falling motor claims frequencies may mean insurers reconsider what they’re charging policyholders, though their ability to act proactively could be stymied by uncertainty over the length of the Covid-19 emergency, an event heard.
Barclays' doctor assault victims denied compensation as court clarifies liability for 'independent contractor'
The Supreme Court ruled on Wednesday that Barclays Bank is not liable for the alleged sexual assault of more than 100 patients by a doctor carrying out medicals on the bank’s behalf.
Insurers plead with government to make early call on further whiplash reform delay in light of Covid-19
The whiplash reforms implementation date should be delayed and a realistic timescale put in light of the Covid-19 epidemic.
Chubb responds to Maze ransomware hack claims
Leading cyber insurance specialist Chubb has been targeted by hackers who claim to have encrypted files and stolen data.
Analysis: How insurance law firms are responding to the coronavirus - virtual forums, video evidence and resolution based on documentary evidence
In light of the coronavirus pandemic, Jonathan Swift, director of content for Infopro insurance division, caught up with a number of insurance law firms to find out what they are doing to manage case loads and meetings during these difficult times; and…
Experts line up insurance options for government e-scooter consultation
The Association of British Insurers has called for an appropriate regulatory framework to be introduced to keep all road users safe if the government allows micromobility vehicles to be used on the streets.
Blog: The rise in fly tipping - what do insurance policies cover?
A recent report by the BBC about the continued rise of large fly-tipping incidents across England came as no surprise as both the frequency and severity of waste related claims as risen, ranging from relatively minor fly-tipping incidents to large scale…
UK insurers warned they could face US-style social inflation
UK insurers could soon see their claims costs increase as a result of social inflation similar to that which is challenging carriers in the US, law firms RPC and Hinshaw and Culbertson have warned.
Law organisations decry MoJ dropping ADR from claims portal
The decision by the Ministry of Justice to remove alternative dispute resolution from the whiplash claims portal has been slammed by law organisations as a broken promise, just not good enough and removing a central plank of the whole process.
Analysis: Little leeway from five month delay to whiplash portal
The Ministry of Justice has addressed a “loophole” meaning children and vulnerable adults will be able to recoup representation costs when the delayed whiplash portal rolls out, but questions linger over its start date, pressure on courts and claimants…
MIB urges government to act after Supreme Court rejects Lewis appeal
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
UK commercial insurance pricing leaps 14% in Q4
Composite insurance pricing in the UK rose by 13.7% in the fourth quarter of last year according to research by Marsh.
Analysis: Insuring care for the elderly – is the insurance sector up to the challenge?
Prime Minister Boris Johnson may be the Brexiteers’ main man, but can he also deliver the goods when it comes to caring for the UK’s growing elderly population?
Editor's comment: The lesser-spotted hard market
The world has long held a fascination with mythical beasts and the younger generation is picking up the passion with Smallfoot, Abominable and Missing Link the latest in a long line of films to encourage children to believe in the magic of the Yeti or…
Don't underwrite electric vehicle risks in isolation of claims: Allianz GCS practice group leader Schultz
In order for insurers to better adapt to the wider adoption of electric vehicles they need to make sure that they not managing these risks in silos, a global player has warned.
Analysis: 5G ready: Super signal surge
Powerful 5G smart tech devices are expected to be rolled out this year. They are anticipated to overtake 4G in terms of reliability and innovation, as well as increasing data speeds, resulting in faster downloads and increased capability for digital…
Martin Kelsh joins HW Wood
Martin Kelsh, the former production and distribution director of Neon, has joined Lloyd’s broker HW Wood as head of the international non-marine team.
Enough capital in 'asymmetrical' reinsurance market: Guy Carpenter
There was adequate capacity to meet rising demand in the reinsurance sector during the 1 January 2020 renewal period, according to Guy Carpenter, however the results for buyers were mixed depending on a range of factors.
UK motor reinsurance rates rise by up to 35%, says Willis Re
UK motor liability reinsurance rates for some accounts rose by up to 35% in the annual January renewal season, according to Willis Re.
Tradewise secures £55m of motor trade capacity from Berkshire Hathaway
UK managing general agent Tradewise Insurance Services has sourced £55m of capacity from Berkshire Hathaway via Faraday in London to continue writing motor trade business, as Tradewise Insurance Company goes into run-off.
Analysis: Discount rate disparity - will the Scottish market become unfavourable?
With the Ogden discount rate in Scotland set to remain at minus 0.75%, could insurers in the country start to feel squeezed, and begin to be squeezed out?
MoJ secrecy on small claims portal under fire
The Ministry of Justice faced criticism on secrecy around the development of the small claims portal at Post’s Insurance Claims and Fraud Summit in London yesterday.
Blog: Machinery breakdowns - what are the risks to businesses?
Although cyber takes the headlines, machinery breakdown can be equally damaging to businesses, according to Owen Lewis, group manager for account engineering at FM Global's London operations, with a recent analysis of the company's client losses…
Huge data breach claims necessitate cyber insurance rethink, warns Kennedys
Data subject claims are on the rise and will be “the next in a long line of mass litigations” producing “exposures in the tens of millions”, according to Kennedys.