Hurricane season likely to have ‘significant’ effect on insurers already hit by Covid-19
The hurricane season is expected to have an 'above average' chance of a storm making landfall in 2020,…
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FCA plans to bring 16 insurers to High Court business interruption test case in July – Hiscox Action Group says that’s too long
The FCA has chosen 16 insurers reflecting 17 policy wordings for its business interruption test case, but the…
Almost half of UK SME owners fear their business is ‘at risk of permanent closure’
The survey found SME owners have a range of concerns about how the Covid-19 pandemic will affect them,…
Admiral reports jump in claims caused by drivers crashing into parked cars
Admiral has reported a rise in insurance claims made due to crashes into unattended vehicles since lockdown began,…
Covid-19: Why are insurers like Hiscox facing legal action over business interruption coverage?
Hiscox, QBE and Aviva are the most recent insurance firms facing lawsuits over business interruption due to perceived…
Aviva and QBE under fire as Hospitality Insurance Group Action to bring legal claim in June
Hospitality Insurance Group Action legal representative Mishcon De Reya plans to move ahead with a group action lawsuit…
Hiscox Action Group to bring £40m lawsuit against insurer ‘within days’, as it secures legal funding
The Hiscox Action Group has secured funding for its legal challenge against the insurer, and explained why it…
Major firms say ‘lockdown’ home insurance accident claims haven’t risen, despite industry expectations
A home claims expert from LV= provides insight into why his company may not have seen the rise…
Lloyd’s customers to receive $4.3bn pay out due to Covid-19
Lloyd’s has announced it will pay out between $3bn and $4.3bn to its customers worldwide due to the…
Marsh expects Covid-19 to cause commercial insurance price hike throughout 2020
The world saw a 14% overall increase in the price of commercial insurance in Q1, but Marsh believes…