Legal

Opinion: Business Interruption Claims Could Damage Insurers Reputation

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. […]

Insurance Regulation

FCA Urges Insurers to Pay Corona Claims, Where There is Pandemic Cover

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 […]

Opinion

Forrester Looks at Coronavirus Impact on Insurers, Suggests Way Ahead

Coronavirus has changed everything. Fewer insurance conferences and shows, home-working as the default setting for many companies and much more use of technology to understand risk, develop new products, sell cover, update customer details and […]

Insurance Regulation

FCA Issues Corona Virus Advice for General Insurers

Compliance & Regulatory Update for you; The Financial Conduct Authority (FCA) has today set out expectations for general insurance firms and provided information for consumers about what they should see from their insurance provider during […]

News

Corona: Business Interruption Insurance, Latest Statement from ABI

IE Note: There is a huge wave of criticism against the UK insurance industry right now, after many people learned that they would not be covered by their business insurance policies, following the Corona Virus […]

News

Business Insurance Claims – Most Companies Lack Corona Cover

Twitter was ablaze yesterday with keyboard warriors all pouring vitriol on Boris Johnson and the insurance industry in general. The reason was that the impact of asking people to stay indoors will cause financial hardship, […]

Opinion

Time to Invest in New Commercial Insurance Strategies, Says Mactavish

Where are we headed when it comes to Commercial insurance? It isn’t just about buildings and lost business after a flood or fire. There are a range of cyber risks, then there are political campaigns, […]