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The Financial Ombudsman works within parameters that pay limited heed to legal contracts
The Financial Ombudsman works within parameters that pay limited heed to legal contracts. ‘Fairness’ versus the law in Covid-19 BI disputes
Laura Board
,
07 May 2020
RSA receives 25,000 valid Covid-19 claims worth £25mn net
The insurer says the “great majority” of BI claims will not pay out.
Samuel Casey
,
07 May 2020
Munich Re Q1 P&C profit falls 62% on Covid-19 claims
Most of a EUR973mn man-made loss bill emanated from contingency claims related to the pandemic.
Rachel Dalton
,
07 May 2020
Helvetia settles 'uncovered' Covid-19 BI claims with 50% payout
The “pragmatic" move is contingent on the gastronomy companies involved agreeing to exclusions on existing policies.
Samuel Casey
,
07 May 2020
Ryan Specialty Group promotes Mulshine to chief revenue officer
In his expanded role, Mulshine is expected to promote organic growth.
Bernard Goyder
,
07 May 2020
RenaissanceRe operating profit falls 78% amid Covid-19 carnage
The reinsurer’s specialty book was hit with $104mn in coronavirus-related claims during the quarter.
Bernard Goyder
,
07 May 2020
Everest Q1 profits plunge 42% on Covid-19 losses
The carrier’s combined ratio worsened by 9.9 points to 98.6 percent although it reported better-than-expected results.
John Hewitt Jones
,
07 May 2020
Topa makes interim CEO Michael Day’s role permanent
Day was first appointed interim CEO in December, following the resignation of John Donahue.
Bernard Goyder
,
07 May 2020
Chubb faces class action over BI coverage
The case brought by a New Jersey restaurant comes as part of a wave of litigation by hospitality businesses against their insurers.
Bernard Goyder
,
07 May 2020
FedNat says reinsurance rates had to change
The Floridian insurer said previous reinsurance rates were not sustainable for its partners.
Suliman Mulhem
,
06 May 2020
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