A damning new report from Mactavish, the specialist insurance buyer and claims resolution experts, has exposed huge conflicts of interest for brokers as they derive as much of 80% of their revenue from insurers while […]
Flaxmans take a look at the tricky issue of business interruption claims, some interesting arguments here; “The seemingly ever-increasing variety of reasons given by insurers for not paying the BI claims was given a shot […]
A new Corona claims action group has been formed to represent the legal cases brought by the UK hospitality sector. Initially, a group was formed to pursue Hiscox in particular, but now law firm Mishcon […]
The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption (BI) insurance to resolve doubt for businesses who are facing uncertainty on their claims. The move comes after an […]
Initial estimates from the ABI (Association of British Insurers) indicate that its members expect to pay out over £1.2 billion in claims to support businesses and individuals affected by Covid-19. This covers payments on business […]
Some hard-hitting comment and analysis from Mactavish – but is it time to make Business Interruption and Travel Insurance do EXACTLY what it says on the tin, even if premiums have to substantially rise? Mactavish, […]
As has been well reported over the last month or so, the insurance industry is under fire for failing to pay business interruption claims, as noted by Jonathan Compton, partner at law firm DMH Stallard. […]
The FCA has published an open letter today to all UK insurers, which notes that most Business Interruption policies do NOT have pandemic cover included. But the regulator states that where there is pandemic or […]
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