Commercial Lines related articles – Page 75
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News
Hiscox continues to take action on cyber products following ransomware surge
Human error is the ’biggest vulnerability’ when it comes to cyber attacks, says the insurer
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News
Cyber insurance ‘needs to evolve’ as it is ‘not the right product’ for the future – Hiscox
Incoming chief executive says the insurer is reaping the benefits of taking a more preventative stance
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News
Direct Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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News
Flock raises $17m to reinvent insurance for connected vehicles
The insurtech’s chief exec says ’commercial motor insurance is a $160bn market crying out for disruption’
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News
CII exposes cyber risk knowledge gap
The lack of knowledge around cyber insurance could result in mis-selling and poor customer outcomes, according to the CII
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News Analysis
Ransomware surge could see cyber become next Covid-related crisis
Cyber-linked business interruption cover ’should be viewed as vital’ as research confirms that 17% of UK businesses have experienced more cyber attacks since Covid-introduced homeworking measures
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News
Tasker Insurance Group buys independent commercial broker
The acquisition plans to bolster Tasker’s mid corporate capability and PI expertise in the North West
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News
Regulatory bodies hit financial services D&Os with fines in the millions – BLM
A lack of cover for regulatory fines creates ‘a double-edged sword’ for company directors and officers
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News
Markel UK and Cytora partnership set to accelerate profitable growth
The insurer aims to become a ’digitally enabled insurance company’
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News
Global commercial insurance prices increased by 15% in Q2 – Marsh
Despite continued pressure on pricing, ’the general trend of moderating price increases’ will ’continue through the rest of the year’, says Marsh president
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News
A-Plan gunning to be a UK top 10 commercial broker
The business aims to double the size of its commercial book over the next three years
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News
Small businesses see 50% hike in insurance spending – Dext
The increase has been driven by the Covid-19 pandemic
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News Analysis
Breakingbury v Croad judgment could spark negligence claims increase
CFC’s Chris Comerford tells Insurance Times why he believes this judgment might open the doors to vicarious liability claims becoming commonplace as the CQC cracks down on insurance checks
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News
Slug and Lettuce owner sues three insurers for £846m over covid business interruption losses
The pub group was forced to close all 760 of its pubs, bars and restaurants
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Features
Covid-19 creates tangible opportunities for intellectual property insurance
The pandemic has led to an ‘opportunity for brokers to work with clients to protect their intangible assets, which increasingly are at the heart of [a] company’s worth’
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Features
Covid-19 set to make future Olympic cover a non-runner
As athletes arrive in Tokyo for the summer Olympic Games, the postponement of the event for 12 months has already cost the insurance industry dear
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IT Interview
MGA Q&A: MPR Underwriting ‘emboldened to do more’ following 2020’s five star survey result
Karen Williams, underwriting development manager at MPR Underwriting, speaks to Insurance Times’s Savan Shah on new developments for the broker community, the challenges that lie ahead for MGAs and achieving five stars from brokers in last year’s MGA survey
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News
Oneglobal scoops Price Forbes’ Alistair Fox to lead new special risks team
The unit aims to go beyond the standard approach to political, security and terrorist attack risks
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Features
Briefing: Time is running out for summer festivals seeking Covid inclusive event cancellation cover
A new report by the Public Accounts Committee recognises that festivals are facing a ‘survival threat’ without adequate insurance for Covid-linked event cancellation
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IT Interview
New director spearheads general commercial business at wheels broker McCarron Coates
Kennett Insurance Brokers’s former managing director joins Ian McCarron and Paul Coates to form ‘the three musketeers’ of commercial broking