ABI members expect to pay up to £2.5 billion for Covid-19
Members of the Association of British Insurers (ABI) expect to pay up to £2.5 billion for Covid-19 insurance claims incurred in 2020
Browsing: Covid-19
LV= General Insurance reveals rise in accidental damage claims
LV= General Insurance’s data revealed that accidental damage claims in January represented 48% of all new claims, the third highest peak seen since April and May last year
Allianz pays out on 75% of covered business interruption claims
Allianz Insurance has made 1,832 interim and final payments to policyholders on covered business interruption claims, representing 75% of the total number
Marmalade calls for car theory test refunds
Young driver insurer Marmalade is calling on the insurance industry to support learner drivers by refunding the cost of their expired theory tests
Business interruption claims must be met ‘in full as soon as possible’
It is critical that insurers pay all valid business interruption claims in full as soon as possible, following the Supreme Court judgment in the FCA’s test case
Supreme Court backs policyholders in major business interruption win
Insurers’ appeals against the business interruption test case brought by the FCA failed at the final hurdle this morning, with the Supreme Court backing policyholders
Zurich Insurance: personal injury claimants waiting for ‘£240 million in potential compensation’
Personal injury claimants are awaiting up to £240 million in potential compensation, according to Zurich Insurance
Coronavirus presence subject of FCA business interruption consultation
The Financial Conduct Authority is running a consultation on how the presence of coronavirus may be proved when making a business interruption claim
Society of Claims Professionals praises how profession adapted to Covid-19
The entire insurance profession showed “an incredible amount of intuition and entrepreneurship” when adapting to Covid-19, says Jeremy Trott of the Society of Claims Professionals
GlobalData: Covid-19 causes SME motor cancellations
SMEs in the UK are largely cancelling motor insurance policies because of the Covid-19 pandemic, GlobalData has found