Hiscox Ltd response to Insurance Industry Test Case Judgement; RSA statement regarding the judgement reached on the FCA’s BU court proceedings
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FCA business interruption test case verdict date set; Lloyd’s reports net loss of £438m in 2020 H1 results; Admiral sends staff home following confirmed case of COVID
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ABI records 48% decline in motor claims between 2020’s Q1 and Q2; Insurers need to prepare for the economic and social fallout from COVID-19
Insurers commit to extending COVID-19 customer pledges; ERS reports higher profit due to COVID-19; FCA investigating over 150 COVID-related scams
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Zurich H1 P&C profits fall 55% on COVID-19 impact; FCA extends payment deferral measures; RSA reports motor claims for injured cyclists on the rise
UK Commercial insurers hit hardest by Covid-19; Hannover Re’s COVID-19 reserves hit €600m; Aviva pays COVID-19 BI claims despite ‘not covering pandemics’
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Second wave could impact reinsurers capital buffers; COVID-19 to wipe $3trn from global trade; What lines of business will harden or be most exposed by COVID?
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FCA publishes its reply to BI claims defences; Leicester lockdown could complicate defence of BI claims; COVID impact on investments has been nearly erased
Insurers widen scope of business cover in light of pandemic; Aon staff get original salaries back and more; Wimbledon will not get pandemic insurance in 2021
Insurers set out defences in FCA test case; Admiral sees 39% increase in accidental damage claims as lockdown eases; London Market terms and conditions likely to be tightened
Insurers watch and wait as rusty drivers return to the roads; Hiscox Action Group formally launches arbitration claim; Lloyd’s of London set to re-open its office in September
Dentist group secures funding to take legal action against QBE; IOC in discussions with insurers over Tokyo 2020 delay; Impact of Covid-19 could take 5 years to be understood...
FCA launches next phase of legal clarification over BI claims; AXA faces €1.4bn of claims due to Covid-19; Markerstudy to make 478 staff redundant due to crisis
ABI defends industry response in another open letter; Aviva and QBE join list of firms facing legal action over BI claims; RSA reports motor claims for injured cyclists on the rise
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Aviva results show £160m net impact of COVID-19 claims; Sabre trading update highlights 25% drop in new business quotes in motor; Insurers commit to £100m COVID support