31 March 2021

Lloyd’s reports £900 million loss for 2020

Lloyd’s has reported an aggregated market loss of £900 million for 2020 (2019: £2.5 billion profit), including net incurred Covid-19...

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24 March 2021

FCA reveals value of business interruption claim payments made after test case ruling

The Financial Conduct Authority (FCA) has revealed that approximately £472 million has been paid out in interim and final business...

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18 March 2021

GRiD figures reveal value of employer-sponsored group life insurance payouts in 2020

Employer-sponsored group life insurance policies paid out almost £100 million in 2020 to cover Covid-19 claims, according to Group Risk...

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4 March 2021

FCA issues guidance for proving Covid-19 presence when making business interruption claims

The Financial Conduct Authority (FCA) has published guidance to assist policyholders with proving the presence of Covid-19 when citing the...

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22 February 2021

ABI members expect to pay up to £2.5 billion for Covid-19

Members of the Association of British Insurers (ABI) expect to pay up to £2.5 billion for Covid-19 insurance claims incurred...

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17 February 2021

LV= General Insurance reveals rise in accidental damage claims

LV= General Insurance saw a spike in accidental damage claims last month as a result of lockdown and more time...

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12 February 2021

Allianz pays out on 75% of covered business interruption claims

Allianz Insurance has made 1,832 interim and final payments to policyholders on covered business interruption claims, representing 75% of the...

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4 February 2021

Marmalade calls for car theory test refunds

Young driver insurer Marmalade is calling on the insurance industry to support learner drivers by refunding the cost of their...

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