Hiscox and RSA on the hook for £185m in BI claims, while Ecclesiastical expects to pay nothing
Hiscox expects to pay a maximum of £100m in business interruption claims after a landmark High Court decision…
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FCA test case: Insurers face huge BI payouts as High Court rules in favour of businesses
The ruling in the FCA test case on 21 business interruption insurance policies could have implications for 60…
Hard insurance market drives 11% growth in surplus lines business
AM Best reported the double-digit increase for the second year in a row, and expects the surplus lines…
Lloyd’s predicts £5bn in Covid-19 claims as half-year report shows negative combined ratio
The Lloyd's of London market expects to pay £5bn in customer claims related to Covid-19, with its combined…
Chartered Insurance Institute to save £6.5m with move to Walkie Talkie building
The Chartered Insurance Institute will save the money over a five-year period through becoming a subtenant of its…
Munich Re predicts up to €250m loss from Beirut explosion, alongside low-triple-digit hit from Atlantic hurricanes
Munich Re expects its losses from both the Beirut explosion and recent Atlantic hurricanes to stay within the…
Will Covid-19 lead to a surge in usage-based motor insurance?
Experts, veterans and stakeholders from across the industry weigh-in on the impact the Covid-19 pandemic will have on…
By Miles reports 75% sales increase in pay-per-mile insurance product in July
The insurtech believes the increased uptake of its pay-per-mile insurance policies is linked to the continued trend of…
Sam White’s Freedom becomes first broker to roll-out Mike Brockman’s Theo device
Freedom Brokers will announce its usage-based insurance policy powered by ThingCo's Theo telematics device this week
FOI request reveals 40% drop in personal injury claims during Q2
Personal injury claims for motor accidents dropped dramatically, but are expected to rise again now that road use…