All articles by Clare Ruel – Page 119
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NewsFlybe set to collapse due to Coronavirus fallout
The airline has been facing ongoing problems for many months, but the Coronavirus outbreak in Europe has seen ticket sales plunge
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NewsCoronavirus: will ‘notifiable disease’ status be a game-changer for insurance?
Being a notifiable disease means cases have to be reported to the relevant authorities by law
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NewsCatalytic converter theft on rise as rhodium prices soar
Theives are exploiting a loophole in the law that called on dealers to run checks on where the metals had come from
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Markets & RisksInsurercore – a dating agency for brokers and insurers
As the market hardens and capacity tightens it is becoming increasingly difficult for brokers to find the cover or technological solutions they need to suit their clients, but could an innovative searchable online directory hold the answer to this industry dilemma?
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NewsPersonal injury solicitor struck off after favouring CMCs over clients
The culprit made multiple breaches and failed to act when concerns were raised by third party insurers and the Motor Insurers Bureau
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News AnalysisProposed premium finance commission rules – what does it mean for brokers?
An update to premium finance commission rules means brokers may have to disclose the amount of commission they are charging
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NewsKennedys launches tool aimed at allowing insurance clients to self-serve claims
The new platform could save insurers and brokers time and money when getting legal advice as well as recovering written-off costs and helping underwrite future risk
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NewsOpen Insurance – the initiative that could change the market
In an industry with so many players, open insurance could make data sharing slicker and improve customer retention by increasing trust, but some fear it could be a direct threat to brokers
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NewsAIG hires Lloyd’s veteran Jon Hancock in senior role
He also spent 26 years at RSA in an array of senior roles including managing director UK in commercial lines
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News AnalysisHastings turns to pricing strategies as it seeks more profitable 2020
Earlier today the group revealed its full year financial results that saw claims inflation impact its loss ratio but customer retention was positive
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NewsSedgwick founder Robert Young dies at 83
Young grew the loss adjuster business from a small local company of 500 staff to 27,000 globally
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NewsTractable raises $25m with view to expand AI proposition worldwide
This brings the insurtechs funding total to $55m
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NewsHastings profits slump as claims inflation takes its toll
The company also saw its loss ratio deteriorate as it reported its annual results
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NewsArron Banks reportedly among 1,600 hit by FCA data breach
The results of a freedom of information request was exposed
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NewsDirect Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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NewsZego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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NewsCompare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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NewsNIG to provide capacity for McNamee’s digital MGA C-Quence
It hopes to make it easier for brokers to deliver sophisticated commercial insurance quickly and at lower costs
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NewsEvolving risks for UK schools present key broker opportunities - Ecclesiastical
Cyber remains a key concern
