11/26/2024 12:03:41 PM FCA urges Life Insurers to speed up claims and replace legacy technology By Mike Daly 'The FCA review, based on data from 15 insurers representing three-quarters of the UK life protection market, found that it can take some...
1/31/2024 10:20:20 AM NEWS Three insurance products under FCA Consumer Duty spotlight By Mike Daly "That was according to Fairer Finance, which said in a statement yesterday (29 January 2024) that motor excess protection, personal...
12/23/2021 12:24:43 PM Shake-up of UK motor and home insurance promises £4bn in savings for customers and reduced premiums for insurers- fact or just headline? By Mike Daly The UK’s personal insurance market will undergo a big shake-up next month, as a sweeping overhaul of pricing rules looks set to disrupt a...
9/7/2021 9:47:44 AM Climate risks to add $183bn to property insurance costs by 2040, Swiss Re predicts By Mike Daly Climate risks are expected to add as much as $183bn to annual premiums for property insurance by 2040, as the growing frequency and...
11/23/2020 12:00:00 AM Private equity groups close in on AA takeover bid By Mike Daly Warburg Pincus and TowerBrook offer 35p a share in non-binding proposal for debt-laden company The AA has been speaking to potential...
11/17/2020 12:00:00 AM Covid insurance ruling based on flawed arguments, top court told By Mike Daly Hearing challenges test case brought by FCA over ‘business interruption’ claims The four-day hearing will challenge a successful test...
10/22/2020 10:16:12 AM Insurers drop appeal against UK COVID-19 payout ruling on policies By Mike Daly Insurance Group PLC, QBE Insurance Group Ltd., Hiscox Ltd., MS Amlin PLC, Argenta Holdings Ltd. and Arch Insurance Group Inc. were...
10/8/2020 12:00:00 AM Shades of UK Business Interruption Claims test case in Bavaria By Mike Daly Business interruption claims follow similar path to UK as Bavarian hospitality industry tests its rights under policy coverage wording....
10/5/2020 10:14:20 AM FCA Business Interruption test case appeal confirmed for Supreme Court By Mike Daly Unless insurers and the FCA agree a settlement before hand the business Interruption (BI) claims test case will be heard at the Supreme...
9/25/2020 1:40:16 PM Fitch warns FCA's crackdown on pricing may hurt insurers profits By Mike Daly Fitch said that UK motor and home insurers could have lower profits in late 2021 and into 2022 as they update their pricing systems and...
9/15/2020 12:00:00 AM BREAKING: Policyholders Win FCA Test Case For Lockdown Payouts By Mike Daly Law360, London (September 15, 2020, 11:21 AM BST) -- The High Court ruled on Tuesday that insurers should have to pay out on claims to...
7/21/2020 8:19:07 AM Insurers using ‘absurd’ argument to dispute virus payouts By Mike Daly FCA lawyers tell High Court government advice had same effect as legislation 'In a High Court test case to decide billions of pounds...
6/29/2020 8:48:28 AM Hospitality action group awarded right to intervene in FCA test case By Mike Daly Group members are seeking legal action against insurers QBE UK and Aviva for failing to pay out on coronavirus-related business...
4/3/2018 1:21:34 PM FCA issues warning to insurance companies By Mike Daly "The heat is on for insurance companies – if you’re not implementing the Financial Conduct Authority’s (FCA) rules then you are likely to...