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UK insurer to automate evaluation of specialist risks in tech collaboration it calls a first for London market
£2.5mn purchase drives shares up by 10 per cent
Price of coverage is going up and options are shrinking for insurers looking to pass on risks
Company suffered a financial and reputational hit over Covid policies last year
First stage of resolution to bruising dispute settled in Supreme Court between some providers and SMEs
Reduced exposure to risky US cyber and casualty lines should minimise expensive future surprises
Insurer reports a pre-tax loss after pandemic led to $475m of claims
Insurers face dilemma over whether to challenge High Court ruling on business interruption cover
Early days in assessing virus effect; bespoke notice periods could suit property funds problems
High Court ruling on business interruption policies could further increase cost
FCA says court ruling will provide guidance on payouts from other business interruption policies
UK pressure groups say denial of lockdown insurance claims risks thousands of business closures
If the courts rule against the UK-listed insurer, there will be a fresh flood of claims
Angry customer Media Zoo has mobilised a 200-strong action group after its coronavirus claim was refused
Hiscox expects $150m of claims while Beazley expects to pay out $170m
Company to refund fraction of policy premiums to reflect reduction in driving
UK insurers bow to regulatory pressure but L&G has said it would push ahead with payout
Claimants are being awarded more generous payouts on ‘casualty’ insurance
Shares drop after insurer warns storms to be more expensive than anticipated
Lloyd’s in push to force syndicates to cut least profitable lines
Insurer says rates up in specialist commercial insurance and reinsurance businesses
Group boosted despite volatile investment markets and natural catastrophes
Hiscox, Lloyd’s and Husch Blackwell said to be targets of ‘The Dark Overlord’
Rapid jumps in premium income have a way of coming back to bite insurance companies
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