News

Hurricane Dorian: RMS Estimate Potential Costs of $6.5bn

RMS, a leading global risk modeling and analytics firm, has estimated that insured losses to the Caribbean from Hurricane Dorian will be between $3.5 and $6.5 billion. This estimate represents insured losses associated with wind […]

Insurance claims

CoverGenius Survey Reveals Consumers Waiting 10 Weeks for Claims Pay-Outs

The whole point of insurance is that it kicks in when something goes wrong, and you get your car fixed, your stuff replaced, or a tidy sum to get some new stuff. Naturally, you’d like […]

Insurance claims

Claims Update: Scottish Widows Pays Out on 99% of Life, 94% on Critical Illness

Last year, 99.3% of life claims and 94.1% of critical illness claims were paid out by Scottish Widows, according to the insurer’s latest claims statistics. This represents 7,908 and 1,591 claims respectively – an increase […]

Insurance claims

UK Companies Struggling with Debt Are Making More Insurance Claims

Insurance payouts that provide a lifeline to help businesses struggling to cope with bad debts are at their highest level since 2009, with the equivalent of 50 new claims made every day, according to new […]

Insurance claims

PolicyBee Picks Up Feefo Customer Review Award for 5th Year Running

A leading Suffolk-based insurance broker is celebrating being recognised for providing a trusted service. PolicyBee, based at Brightwell Barns in Ipswich, has been awarded Feefo’s Gold Trusted Service Award for the fifth year in a […]

Life/Health/Critical illness

Zurich Pays Out on 97% of All Life and Critical Illness Claims

Insurer Zurich, announces that it paid 97% of all protection claims in the first half of 2018.  Payments of over £116.8m benefited over 1,500 retail customers with Life, Critical Illness and Income Protection policies. Critical […]

Liability/Casualty

MIB Mutually Funded Cover Will Be Offered to Terror Attack Victims

Most car and van policies exclude damages or claims arising as a result of terror attacks. But now things are changing, as the UK insurance industry accepts vehicles may be used as weapons, and so […]

InsureTech

Etherisc Launches Blockchain Insurance to Cope With Storms & Disasters

Etherisc, the global, decentralized insurance platform for collectively building insurance products, has today announced its support for the first blockchain-enabled insurance product to combat catastrophic weather events in Puerto Rico. The hurricane insurance policy on […]