Insurers in the firing line over cancelled events: Firms refuse cover – and blame virus By Lucy White and Ben Wilkinson for the Daily Mail Published: 21:51 GMT, 9 December 2020 | Updated: 22:25 GMT, 9 December 2020 Tensions are brewing between the Government and the insurance industry as the coronavirus crisis threatens the future … Read more
A family whose home was devastated by a flood are £50,000 out of pocket because they happen to live within 200 metres of a river, even though it’s way downhill, out of sight and didn’t cause the flood. Mark Jenkins and his wife Cerys were at home in the Welsh Valleys with their two sons … Read more
Victory for small firms as insurers finally agree to pay out on business interruption policies By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 October 2020 | Updated: 22:27 BST, 21 October 2020 Small businesses are celebrating a ‘huge win’ after insurer RSA decided to pay holders of certain business interruption policies. Hordes … Read more
Insurers branded ‘disgraceful’ for appealing court decision ordering them to pay out to virus-hit firms By Daily Mail City & Finance Reporter Published: 21:52 BST, 2 October 2020 | Updated: 21:52 BST, 2 October 2020 Challenge: Last month, the High Court found that most business interruption insurance policies should pay out to firms forced to close … Read more
‘Shameless’ insurers urged to pay up over Covid: Seven of UK biggest firms appeal High Court ruling By Lucy White For The Daily Mail Published: 21:54 BST, 29 September 2020 | Updated: 21:54 BST, 29 September 2020 Insurers have been branded ‘shameless’ for trying to wriggle out of payments to small businesses battered by coronavirus. … Read more
RACHEL RICKARD STRAUS: FCA wants to ban insurers from charging existing customers more than new ones – but they will keep trying to rip us off By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 BST, 26 September 2020 | Updated: 21:51 BST, 26 September 2020 If you’re like me, you love the satisfaction … Read more
Victory for UK firms in virus insurance row: High Court judges order insurers to pay business interruption claims By Lucy White For The Daily Mail Published: 22:25 BST, 15 September 2020 | Updated: 22:53 BST, 15 September 2020 Thousands of British businesses are set for lifeline payouts after winning a landmark court victory against insurers. … Read more
British firms are holding their breath as the courts prepare to rule on whether insurers who refused to pay out coronavirus business interruption claims were right to do so. Hundreds of thousands of small and medium-sized companies have faced bankruptcy since the pandemic began after being denied the financial lifeline, even though they spent years … Read more
Motor insurance claims fell by 48 per cent during the lockdown period, when compared to the previous quarter, data from the Association of British Insurers (ABI) has revealed this week. It said there were 324,000 new claims in the second quarter of the year, compared to the 678,000 received in the first, thanks to the … Read more
Home and contents policyholders have been encouraged to check their insurer will cover them for working at home for the rest of 2020. As the Government encourages more people to head back to the office, this could possibly lead to dispute between insurers and policyholders, according to insurer, Urban Jungle. This is despite the fact … Read more