Commercial Lines articles – Page 80
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NewsSupreme Court BI ruling has produced ‘wordings lottery’ – Mactavish
The firm’s chief executive further believes that ‘the relationship between brokers and insurers requires robust and immediate regulatory action’
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NewsInsurers must act quickly to compensate customers and rebuild trust says Insurtech UK
Insurers will need to rebuild trust with customers following the Supreme Court ruling, but the pandemic has also highlighted the need for digitalisation
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NewsSupreme Court judgment brings clarity to a highly complex matter – Biba and ABI
Although Biba backs the appeal ruling, more clarity is still needed within the industry
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News AnalysisSupreme Court decision is a ‘financial vaccine’ for struggling businesses
However, insurance premiums are likely to increase as ‘insurers seek to recoup some of their losses’
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NewsSupreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are expected to be impacted from the judgment
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NewsAviation sector should expect Covid impact on EL claims and hull policies – Weightmans
Legal expert outlines the claims exposures insurers in the aviation and aerospace market should expect to see this year
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NewsSpecialist Risk Group buys construction sector MGA
Chief executive Downey says ‘developing a market leading MGA capability is a central element of our strategy’ for 2021
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NewsWoodgate and Clark buys Manchester-based loss adjuster
The move is designed to fast-forward business growth says managing director Scarrett
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NewsFCA is ‘front and centre’ of BI debate due to ‘interventionist approach’ – Weightmans
Friday’s Supreme Court ruling on business interruption policy wordings may also be used by the Financial Ombudsman Service, increasing the potential exposure for insurers
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NewsCare homes reject new patients due to ‘insurance dilemma’
Insurance premiums for care homes have also been rising
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NewsNew Dawn Risk’s UK division to serve ‘clear demand’ for big broker alternatives
During these challenging times, there has been a demand in the UK market for alternatives to big brokers that still have the expertise to help businesses
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NewsEthos Broking’s Finch buys HNW commercial broker in its first deal of 2021
The firm has made a total of 12 acquisitions since joining Ethos Broking in 2016
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NewsIrish insurer offers partial premium refunds to some pub owners over BI confusion
However, it is reported that less than 10 pubs will be receiving this support
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NewsPIB Group launches 2021 acquisition strategy by purchasing construction broker
PIB chief executive says the acquisition marks ‘the start of many more exciting developments to look forward to this year’ as the business plans to grow in Europe
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NewsPen Underwriting strikes capacity deal with Zurich for hazardous goods and tanker transportation
The five-year deal will see Zurich provide capacity for £165m worth of premiums
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NewsEngagement in the FCA’s BI court process ‘a good thing for the industry’ says Ageas claims boss
The insurer’s claims director believes the insurance sector has taken a ‘collaborative approach’ to dealing with the BI claim fallout arising from the coronavirus pandemic lockdowns
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NewsSRG buys equestrian broker following investor backing
Group chief executive says the acquisition’s ‘sector expertise is exactly what we want to develop’
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NewsLloyd’s underwriting room to open on Wednesdays only amid Tier 4 lockdown
The London market took the same measure during the national lockdown earlier in the autumn
