Insurance Regulation

Latest Update from The FCA On Business Interruption Cases

LATEST UPDATE: 01.10.2020 FROM THE FCA Our objective throughout this case has been to achieve clarity for everyone involved as quickly as possible and that remains the case. We initiated the test case with eight […]

Opinion

Mactavish Warns That Standard Commercial Cover Doesn’t Cut It Anymore

A new report from Mactavish, the specialist outsourced insurance buyer and claims resolution expert, says brokers and insurers are increasingly offering inadequate one-size-fits-all insurance policies rather than wordings that are adapted to meet clients’ specific needs. […]

Opinion

Viewpoint: Mactavish Comment on FCA BI Claims Judgement

Typically robust stuff from Mactavish, as they digest the FCA judgement on BI claims; Mactavish, the specialist outsourced insurance buyer and claims resolution expert, says the legal ruling today on the FCA led case around business […]

Opinion

Opinion: Insurers Denying BI Claims Is The Greatest Risk of All

Straight from ther Editor’s keyboard; Long ago there was a thing in British politics called the Social Contract. In short, it was an agreement between the major unions of the 1970s and the Labour government, […]

News

FCA Judgement on Denied Business Interruption Claims

It has been a tough pandemic for lots of businesses, especially those in the hospitality sector. So when insurers refused to pay on Business Interruption, there was always going to be legal action. Here’s the […]

Insurance claims

Could Thimble’s Parametric Pandemic Cover Truly Automate BI Claims?

Thimble, the insurtech startup that helps small businesses succeed on their own terms, has been selected to the Lloyd’s Lab innovation accelerator program, where it will develop solutions to support the market to respond to COVID-19. […]

Legal

US News; Court Sides With Insurers on Business Interruption Claims

A news update from the FAIR organisation over in the USA, which notes that two cases regarding denied business interruption claims have been rejected in court. In two separate, recent business interruption cases, judges sided […]

Opinion

Lloyd’s Of London Sets Out Pandemic & Black Swan Insurance Roadmap

Lloyd’s, the world’s leading specialist insurance and reinsurance market, recently published a number of ways the insurance industry could fast-track global economic and societal recovery from the far-reaching impacts of COVID-19. These include three open […]