All Claims articles – Page 4
-
NewsHiscox response to Supreme Court Judgment
In order to achieve clarity for customers on the application of relevant policies as quickly as possible, Hiscox agreed in May 2020 to assist the Financial Conduct Authority (“FCA”) by participating in the Industry Test Case alongside seven other insurers.
-
NewsAirmic hails historic Supreme Court ruling
The Supreme Court ruling opens the door for up to £1.2 billion of business interruption claims
-
NewsTrust in travel insurers drops due to Covid-19 pandemic
Meanwhile motor claims reduced by 48% in Q2 2020
-
NewsQBE hikes catastrophe allowance by 24% after extreme weather
Premiums could rise after insurer QBE increased its allowance for catastrophic weather claims by almost a quarter following a year of unprecedented weather events in Australia and the United States.
-
NewsNorway Landslide Insurance Bill Tops $100 Million
Insurance companies face costs of at least 900 million Norwegian kroner ($107 million) following the tragic landslide in Eastern Norway that is believed to have claimed ten lives.
-
NewsQuarter of a billion worth of claimant damages stuck in litigation process – Zurich
Road traffic accident claimants are having to wait for more than a year before being heard in court, finds the insurer’s analysis
-
NewsIAG and EQC settle costs from Canterbury earthquake claims
Earlier this month, IAG welcomed an announcement from the Earthquake Commission (EQC) and Insurance Council of New Zealand (ICNZ) outlining changes designed to make natural disaster insurance claims more streamlined for customers.
-
NewsLockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
-
NewsSouth African court rules insurer Santam should pay hotel group’s virus-related claim
Globally, firms like Ma-Afrika, forced to close under coronavirus restrictions, have been fighting the rejection of claims made under business interruption policies. In South Africa, insurers say these policies did not apply to government lockdowns.
-
NewsDigital adoption rises nearly 20% for Insurance claims, J.D. Power Finds
Insurance claimants’ use of digital technologies continues a rapid march forward. That’s the lesson property and casualty (P&C) insurers are learning as claimants have ramped up use of digital channels throughout the claims process during the pandemic. According to the inaugural J.D. Power U.S. Claims Digital Experience Study,SM released today, ...
-
People & OpinionMarkel hires Adriana Belli as Managing Director, Property, Marine and Select Risk Claims Division
Markel Corporation announced today that Adriana Belli has joined the company as Managing Director, Property, Marine and Select Risk (PMSR) Claims Division. In this role, she will oversee all aspects of the PMSR Claims Division, managing a team of more than 80 claims professionals throughout the United States. “We’re excited ...
-
NewsFloods in southern France to cost 210 mln euros - insurance body
Damage caused by floods and heavy rain in southeastern France is expected to cost 210 million euros ($248.12 million) in insurance claims, French insurance body FFA and reinsurer CCR said on Monday.
-
NewsApril Queensland hailstorm claims reach A$604m
The largest hail impact was recorded in Rockhampton and Yeppoon, where the storms caused extensive damage
-
NewsAllianz: How Covid-19 is changing claims trends and risk exposures for companies and their insurers
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the ...
-
NewsQBE on track to reach robotics milestone of 30,000 claims tasks processed a week
By the end of this year, QBE will have 45 ‘robots’ in place completing 30,000 tasks a week across its European division. This is twice the number of robotics-facilitated tasks completed on a weekly basis at the end of 2019 and an increase of 15 ‘robots’. The ‘robots’ are created ...
-
NewsGerman court rules insurer must pay restaurant’s lockdown claim
A German court has ruled that a Munich restaurant’s insurer must pay out a claim for losses caused by the state-imposed COVID-19 lockdown earlier this year, the first prominent such case in Germany in which the court found in favour of the plaintiff. There are hundreds of similar lawsuits pending ...
-
NewsInsurers Passing the test on Claims, but UK Consumers remain sceptical about Insurance Industry
Guidewire has published results of research that shows that consumers are cautious about insurers’ attempts to interact with them through new services and the use of new technology.
-
NewsBusiness interruption test case judgement will not be the ‘final word’
An appeal on the judgement delivered for the test case on non-damage business interruption (BI) policy wordings and their interpretation for Covid-19-related claims tomorrow is “inevitable” – Plexus Law partner Andrew Crocombe thinks that early 2021 is the more likely deadline for a “final word” on the matter, once the ...
-
NewsLloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Lloyd’s of London expects to pay out up to £5bn in Covid-19 customer claims on a gross basis, with £2bn of this figure being reinsured. It announced a loss of £0.4bn pre-tax for the first six months of 2020, compared to £2.3bn in 2019.
-
NewsAustralia - Black Summer losses to reach A$5.4 billion
Insurance Council of Australia says more than 83 per cent of bushfire claims have already closed
