Commercial Lines related articles – Page 85
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NewsInsurance claims against property agents surge – Mint Insurance Brokers
Over the last year and a half, there has been a surge in claims due to tenants’ deposits not being lodged on time
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IT InterviewOpinion: Once the dust settles on the FCA test case, who will feel the pain most keenly?
Editor Yannick Guerry identifies the potential winners and losers following the Supreme Court BI judgment last month
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NewsCovid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
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Sponsored ContentThree trends driving the growth of parametric insurance in 2021 – FloodFlash
FloodFlash’s chief executive, Adam Rimmer tells Insurance Times about the three trends driving the growth of parametric insurance
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News AnalysisFCA test case ruling sends shockwaves through insurance industry
The outcome of the FCA business interruption test case appeal will create a series of intended and unintended consequences for insurers and policyholders alike
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NewsQ Underwriting secures capacity to launch new property and package division
A new property owners product will be available for broker partners from February
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News AnalysisChallenge-laden high street weighs heavily on trade credit insurers – but could premium finance be a solution?
With the Covid-19 pandemic continuing and non-essential retailers being plunged into lockdown again, Insurance Times explores the implications and challenges that the insurance industry are facing
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NewsSoaring professional indemnity insurance premiums ‘unsustainable’ for surveyors
There is also a lack of PII insurers in the market which is an additional strain on premiums and makes it more difficult for surveyors to get the cover they need
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FeaturesBriefing: Has the drive for transparency come too late to repair reputational damage?
Discussions around greater transparency in policy wordings and clarifying coverage have become a top priority following the FCA’s business interruption test case – is this a ‘better late than never’ scenario or has the hit to the sector’s reputation crippled any chance of forging customer trust?
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IT InterviewIn Focus: Commercial brokers have ‘felt the pain’ for Covid-affected clients – McCarron Coates
Insurance Times sits down with commercial wheels broker McCarron Coates to explore how the Covid-19 pandemic has impacted its clients and what the sector can expect moving forward
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News AnalysisPost-Grenfell surveyor PI challenges – opportunity or risk for insurance?
In the aftermath of the Grenfell Tower fire, the EWS1 form was created to address fire safety issues, however a lack of professional indemnity insurance for the surveyors that sign off this form has thrown another spanner in the works. Could finding a solution be a key opportunity for brokers ...
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NewsFloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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NewsPIB Group to be acquired by global private equity advisory firm
Broker chief executive believes the acquisition is a ‘significant milestone’
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NewsBroker clients ‘more responsive’ to broadening cover due to BI backlash – McCarron Coates
Commercial clients want wide coverage without the price tag, while insurers are trying to recoup returns, says broker director
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NewsInsurers less exposed to BI risks in latest lockdown due to new exclusions
Ratings agency director says there is no ‘appetite for providing cover as part of general property business interruption’
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News‘Hollowing out is a massive problem’ say Chartered Transparency Forum members
Broker chief executive calls out the disconnect between price and value in insurance and urges insurers to instead offer ‘a genuinely all-embracing contract’
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NewsFCA plans to use ‘full range of regulatory tools and powers’ to check insurers pay valid BI claims
Furthermore, the regulator recognises the ‘key role that insurance brokers and other insurance intermediaries’ play to ensure policyholders’ claims are progressed
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NewsBuilding a boutique broker in the time of Covid-19 – Broadway’s Daniel Lloyd-John
Hitting £500,000 gross written premium just three months after launching specialist boutique broker Broadway Insurance Brokers’s founder and chief executive Daniel Lloyd-John tells Insurance Times about his plans for 2021 and why the North West is the ’perfect place’ for his proposition
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NewsOnslaught of Covid claims expected to hit CMCs as 70% see claims registered
Research by broker Gallagher also predicts the pandemic claims uptick will cause a 40% rise in litigation compared to previous years
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FeaturesBriefing: Pandemic evolution creates unanswered questions following Supreme Court ruling
Plus, the professional indemnity claim threat over brokers is ‘a big risk’
