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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...
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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
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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
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FCA issues guidance for insurers regarding customers in financial difficulty; Lloyd’s estimates COVID-19 could cost the insurance industry $203bn
LV= offers premium refunds to customers under financial difficulty; Direct Line sees 70% drop in motor claims in April; RSA reserves £17m for BI claims due to COVID-19
FCA seeks legal clarity on business interruption; ABI estimates over £1.2bn of Coronavirus claims; Irish insurers commit to providing rebates to customers
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Admiral launches £25 per policy rebate for motor customers; PRA requests details of BI exposures; Ministry of Justice delays whiplash reforms to April 2021
Hiscox customers set to take legal action over unpaid claims; OBR base scenario expects a swift recovery; Reinsurers on notice for C$400-C$800m Aviva loss
UK insurers suspend dividends; US and French motor insurers announce premium rebates to customers; Bupa promises to give excess profits to customers
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Munich Re cancels 2020 profit guidance and buyback; SAGA suspends dividend and draws down £50m of short-term debt; A solvent insurance industry is vital for all
ABI estimates industry travel insurance claims of at least £275m; Insurance industry would be in jeopardy if forced to pay BI claims; Cyber risk could increase during crisis
Direct Line stops buyback due to virus impact on capital; Aviva solvency ratio estimated at 175%; Swiss Re indicates global event cancellation risk could be $6.3bn