Business Interruption – Page 2
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NewsInsurers welcome High Court decision in Stonegate Group Covid-linked BI case
The pub and restaurant business is planning to appeal aspects of the court’s decision, while insurers have called the judgment ‘a positive outcome’
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NewsCTP regulation provides insurers with new opportunity – CFC
Potential regulations could allow insurers to provide ‘regulatory investigation cost coverage’.
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NewsSMEs face significant levels of uninsured risk amid ‘tumultuous’ times – Aviva
Brokers are therefore vital for providing advice to protect businesses through economic headwinds
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AnalysisBriefing: Reinsurance sector still facing BI ‘big issue’ despite clarity for direct market
A lack of visibility around aggregation arbitration is preventing the reinsurance sector from dealing with Covid-related BI claims
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IT InterviewSimon McGinn: Clarifying ‘challenging’ BI wordings could lead to ‘narrowing the cover’
Insurers must help brokers carve out more time to have ‘critical’ client conversations around what policies do and do not cover, says commercial lines chief executive
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NewsMGAs can help ‘keep insurance relevant’ – David Howden
The insurance sector’s reputation has suffered as a result of the Covid-19 pandemic, which MGAs could help remedy, says chief executive
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NewsSuperscripts expands to Netherlands amid European launch
The Netherlands is a ’natural next step’ according to its co-founder and chief executive
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NewsStonegate v Amlin Covid-19 BI case kicks off in High Court
If the court rules in favour of Stonegate, ’it is likely to provide a further moment of reflection for insurers’, Reed Smith partner says
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AnalysisPremier League risk register expands following BI-linked lawsuit launch
As a number of Premier League football clubs initiate BI-related legal action against insurers, Insurance Times explores the myriad risks that footballers and clubs could encounter in today’s post-pandemic landscape
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IT InterviewYonatan Hatzor: The parametric MGA focused ‘on a big problem and not a solution’
Fresh from success at Lloyd’s Lab, the MGA has ambitions to provide ‘a more holistic solution to cover any type of downtime’, says chief executive
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NewsTop Premier League clubs to pursue BI claim against major insurers
A ruling in this case could represent a ‘new test case’ for business interruption claims
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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NewsRSA understands its ‘products to the nth degree’ following BI test case
Commercial lines managing director says the insurance sector is now ‘better’ as a result of the FCA’s test case action
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NewsSMEs emerging from pandemic risk being underinsured – Allianz
Mending data visibility between brokers and insurers will be key amid potential future operating model challenges
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NewsAxa declines BI court appeal opportunity as Corbin and King is purchased
Thai hospitality group Minor is expected to take immediate control over Corbin and King’s restaurants
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AnalysisHospitality group BI judgment could signal ‘flood of further cases’ ahead
Insurers could still face ‘potentially significant’ claims exposure around BI policy interpretations, despite intention of test case judgments
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NewsUK ransomware attacks rise by 100% in 2021 – RPC
Despite the increase, businesses risk being underinsured until insurers ‘take matters of cyber security seriously’, says cyber and tech head
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IT InterviewMarkel UK attributes four star report rating to sustainability focus
The insurer has also sought to ensure that Covid-19 has not been ‘an excuse not to pay’ claims, says divisional director
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AnalysisOpinion: Insurers still drowning in BI claims backlog
One year on from the FCA’s first publication of BI claims payment data, editor Katie Scott reviews the industry’s progress to date
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NewsHospitality group Corbin and King wins £4.4m in High Court BI case against Axa
Insurers need to have a ‘radical rethink’ as more business interruption battles are expected to come to the forefront in 2022, says law firm partner
