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 Market Segment Report: COVID-19 Throws Spotlight on London Market Modernisation
The COVID-19 pandemic might even accelerate some long-awaited changes to the way London Market business is transacted.
Source: Market Segment Reports   Date: June 2, 2020
Best’s Market Segment Report: AM Best Maintains Stable Outlook On Peru’s Insurance Industry Amid COVID-19 Pandemic
Latin America, with USD 4.2 billion in premiums; Peruvian companies underwrite around 78% of insurance policies in the country, despite constituting only a quarter of all ...
Source: Press Releases   Date: May 19, 2020
Best’s Market Segment Report: AM Best Maintains Stable Outlook On Peru’s Insurance Industry Amid COVID-19 Pandemic
Latin America, with USD 4.2 billion in premiums; Peruvian companies underwrite around 78% of insurance policies in the country, despite constituting only a quarter of all ...
Source: BestWire   Date: May 19, 2020
UK Regulator: Insurers Must Lower, Defer Premiums to Help Virus-Impacted Policyholders
Financial Conduct Authority said. The move provides "urgent support to those that need it," Sheldon Mills, interim executive director of strategy and competition, said in a ...
Source: BestWire   Date: May 15, 2020
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British Regulator to Ask Court for Clarity in BI Coverage
Financial Conduct Authority said in a statement. "These complexities have the potential to create ongoing uncertainty for a lengthy period. It is clear that decisive action is ...
Source: BestWire   Date: May 1, 2020
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ABI Estimates US$1.49 Billion in COVID-19 Claims for UK Insurers
Ciara and Dennis earlier this year. "While most businesses will not have purchased insurance to cover against COVID-19, for those that have claims, some are expected to be ...
Source: BestWire   Date: April 27, 2020
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UK Regulators: Financial Advisers Must Renew PII Cover Despite Pandemic Worries
Despite the travails of the COVID-19 pandemic, U.K. financial advisers should not use the coronavirus outbreak as a pretext to delay renewing their professional indemnity insurance ...
Source: BestWire   Date: April 22, 2020
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UK Delays Launch of Whiplash Reforms Over COVID-19 Concerns
Robert Buckland said in an April 21 written statement to Parliament. The reforms were to roll out in August. "While the whiplash reform measures remain important, the government is ...
Source: BestWire   Date: April 22, 2020
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British Regulator Won’t Force Carriers to Pay Uncovered Pandemic BI Claims
Last month, Woolard urged U.K. general insurance companies to emphasize transparency and fairness when handling pandemic cover requests (Best's News Service, March 20, 2020). To ...
Source: BestWire   Date: April 15, 2020
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Global Insurers Urge Relaxed Regulations During Coronavirus Response
News Service, March 20, 2020). "Where coverage for pandemics and other causes of loss were not included in existing policies or reflected in premium payments, requiring insurers to ...
Source: BestWire   Date: April 6, 2020
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Association Urges British Officials to Designate Restoration Technicians as Pandemic Essential
The British Damage Management Association is urging the U.K. government exempt property damage restoration technicians from the COVID-19 pandemic lockdown. "I am writing to request ...
Source: BestWire   Date: April 2, 2020
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Singapore Regulators, Trade Groups Urge Forbearance in Face of COVID-19 Pandemic
Ravi Menon, MAS managing director. "These measures will complement the government's broader fiscal initiatives and help the Singapore economy recover more quickly and emerge ...
Source: BestWire   Date: April 1, 2020
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US Lawmakers Urge Insurers to Cover Coronavirus Business-Interruption Claims
Council of Insurance Agents & Brokers. In a joint response, the trade groups pointed out business interruption policies do not apply to the pandemic. "Business interruption ...
Source: BestWire   Date: March 20, 2020
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UK Regulators Warn Insurers to Be Transparent, Fair Over Coronavirus Claims
Christopher Woolard, FCA interim chief executive, in a statement. "FCA expects insurance firms to treat their customers fairly and to recognize the position customers may be ...
Source: BestWire   Date: March 20, 2020
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Washington State's Kreidler on Lessons Learned From Epicenter of COVID-19 Outbreak
Mike Kreidler, insurance commissioner, State of Washington, said his recent emergency order requiring health insurers to waive copays for consumers requiring Covid-19 testing is ...
Source: AM Best TV   Date: March 19, 2020
 Commentary: European Insurers Well Positioned to Manage Potential Exposure to Pandemic Risk
Volatility in the wider financial markets could affect insurers’ results and financial strength.
Source: Commentaries   Date: March 6, 2020
Global Regulators and Markets Issue Guidance to Ease Concern Over Coronavirus
Vice President Mike Pence said the U.S. Health and Human Services Department had declared COVID-19 testing would be a medical expense covered by private coverage and public health ...
Source: BestWire   Date: March 5, 2020
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An Alternative Approach
Council of Insurance Legislators, held in Austin, Texas. Following is an edited transcript of the interview. Kevin McBride, McBride Law As it currently exists, basically health ...
Source: Best's Review   Date: February 1, 2020
Gaining Insight
With epigenetics, that's possible. Samantha Chow, senior life and annuity analyst for Aite Group, and Jon Sabes, CEO of YouSurance and Life Epigenetics, spoke with AMBestTV at ...
Source: Best's Review   Date: February 1, 2020
Tapping a New Resource
Colin Devine, principal, C. Devine & Associates, and David Dorans, chief executive officer, Clareto, said accessing information found in health information exchanges, with ...
Source: Best's Review   Date: February 1, 2020

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