Hiscox settles with Covid claims group
Hiscox has reached a settlement with the Hiscox Action Group (HAG) following the Supreme Court’s ruling in January
Browsing: Covid-19
Covid restrictions drive van insurance premiums down 2% in 12 months
Covid-19 lockdown restrictions have played their part in lowering the cost of van insurance over the past 12 months
ABI reaffirms insurers’ support for office home-workers
A pledge made over a year ago by insurers to support customers adapting to working from home will continue permanently, the ABI has said
Aon provides supply chain protection for global Covid-19 vaccine shipments
Aon has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global Covid-19 vaccine shipments
MoneySuperMarket reports sharp drop in cost of car insurance premiums
Car insurance prices have fallen sharply to reach their lowest point since 2014, with MoneySuperMarket putting the drop primarily down to the significant reduction in driving during pandemic restrictions
Lloyd’s reports £900 million loss for 2020
Lloyd’s has reported an aggregated market loss of £900 million for 2020, including net incurred Covid-19 losses of £3.4 billion after reinsurance recoveries
FCA reveals value of business interruption claim payments made after test case ruling
The FCA has revealed that approximately £472 million has been paid out in interim and final business interruption claim payments following the Supreme Court’s ruling on the test case
GRiD figures reveal value of employer-sponsored group life insurance payouts in 2020
Employer-sponsored group life insurance policies paid out almost £100 million in 2020 to cover Covid-19 claims, according to GRiD, the industry body for the group risk sector
FCA issues guidance for proving Covid-19 presence when making business interruption claims
The Financial Conduct Authority (FCA) has published guidance to assist policyholders with proving the presence of Covid-19 when citing the disease on business interruption claims
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