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
Browsing: Covid-19
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
Consumer Intelligence: home premiums decreasing
Home insurance premiums continue to trend downwards as a result of the coronavirus pandemic, analysis from Consumer Intelligence shows
CII survey reveals insurer of last resort warning
More than half of insurance professionals have warned it is not economically sustainable for the government to continue to step in as an insurer of last resort during the pandemic, according to CII
Premium Credit study finds insurance policy cutbacks as a result of Covid-19
Nearly one in five UK consumers have cancelled or cut back on insurance policies due to the financial impact of Covid-19, Premium Credit has found
EY: home insurance market could fall into unprofitability next year
The UK home insurance market will scrape a profit in 2020 before falling into unprofitable territory in 2021, according to analysis from EY
ACSO: motor injury claims rise but still well below last year
Motor injury claims registered for July to September 2020 are up slightly on the previous quarter, but are still well below the numbers recorded for the same time last year, according to ACSO