All Insurance articles – Page 26
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NewsRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
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NewsZurich’s premium up by 14% in property and casualty
Zurich has reported a strong top line with its gross written premium (GWP) in the property and casualty (P&C) segment increasing by 14% to $11m (£7.78m), this was $9.67m in 2020.
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News‘Average’ Atlantic hurricane season to reflect more storms
Higher averages based on most recent 30-year climate record
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NewsJapanese owner of container ship stuck in Suez Canal says it has received no compensation claims
Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated the Shoei Kisen’s 400-metre-long (430-yard) Ever Given which had caused a huge build-up of vessels around the waterway.
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NewsPrevisico and Zurich to plug flood risk for big corporate customers
Insurtech flood forecaster Previsico will be teaming up with insurer Zurich to strengthen a major corporate customer’s resilience against flood risk.
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NewsSuez Canal blocked by container ship
It has the potential to create more than $40 billion dollars of trade disruption, with implications for retail and automotive sectors among others
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NewsFCA extends pricing remedy implementation until end of 2021
The regulator has confirmed the amended timetable to ensure firms can ‘plan their change programmes effectively’, however the CII believes ‘this may not be enough time for firms to get all practices in place’
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NewsNSW flood claims reach 11,700
SE Queensland floods also declared a catastrophe as large parts of the Hawkesbury-Nepean Valley remain inaccessible
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NewsInsurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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NewsLockdown accelerates Aviva’s online trading by 20%
The insurer hopes to continue investing in its direct business, as well as its commercial, broker and bank channels
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NewsCOVID/Brexit dominate UK business risks
Climate change ranked as the number 13 risk faced by UK firms, with just 11% identifying it and extreme weather as one of their top five concerns
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NewsHowden sets sail into superyacht market
As the world’s superyacht manufacturers see an increase in orders, broker Howden is to move into the sector the with acquisition of independent superyacht insurance broker Sturge Taylor and Associates (STA Group).
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News‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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NewsInsurance industry braces as Fire Safety Bill debated in parliament
The House of Commons today debates the Fire Safety Bill, identifying key amendments that could affect the insurance sector
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News2021, a year of opportunity – Nexus
In the January-February issue, Colin Thompson, Nexus Underwriting Management’s group chief executive tells Insurance Times how those businesses that learnt from the challenges of 2020 will be one step ahead this year
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NewsM&A set to soar in 2021 – Clyde and Co
In the law firm’s report released yesterday, it revealed that dealmakers’ appetites have returned after the hit of the pandemic
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NewsFlorida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The rate increases in Florida, the third-largest property insurance market among ...
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NewsCovid-driven digital shift opens door of opportunity for new brokers
The Covid-19 pandemic has fast-tracked the use of digital solutions in broking. Insurance Times explores how digital shifts during the pandemic has opened up the market for new broker opportunities
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NewsMore than a fifth of adults trust insurance firms less because of Covid-19
To rectify the negativity surrounding the business interruption test case and the resulting impact on trust in the sector, ‘there is clearly work to be done at an industry level’ says Sicsic Advisory MD
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NewsSpanish snowfall claims to reach €1.8 billion
Storm Filomena brought wintry conditions and cold temperatures not seen in Spain in two decades - Impact Forecasting
