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* Hundreds of thousands of small firms seek payouts* Insurers argued COVID-19 not applicable* High Court ruled they were wrong in many cases* Regulator seeks to avoid appeals process (Adds QBE, MS Amlin, Zurich, background)By Huw Jones and Carolyn C...
Read more(Adds reaction)LONDON, Sept 29 (Reuters) - Britain's Financial Conduct Authority said on Tuesday it has filed for an expedited appeal in its business interruption test case as a precaution against insurers not agreeing by Wednesday to pay out on c...
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(Sharecast News) - The Financial Conduct Authority said it had filed an appeal in a test case on business interruption claims related to the Covid-19 pandemic in case insurers failed to reach a deal on payouts to policyholders by Wednesday.
Read moreLONDON, Sept 29 (Reuters) - Britain's Financial Conduct Authority said on Tuesday it has filed an appeal in a test case as a precaution against insurers not agreeing by Wednesday to pay out on business interruption claims made during the pandemic...
Read more(Adds background, Hiscox Action Group)By Carolyn CohnLONDON, Sept 24 (Reuters) - Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses...
Read moreLONDON, Sept 24 (Reuters) - Lloyd's of London Chief Executive John Neal said on Thursday he expected a British test case about business interruption insurance to be appealed.London judges ruled that some of the world's biggest insurers were wrong ...
Read moreLONDON, Sept 22 (Reuters) - There is a risk that disputes over claims linked to the coronavirus pandemic will lead to parts of the UK economy becoming uninsured, hampering a recovery, the Bank of England said on Tuesday.Insurers are under the gun ...
Read more* Proposals would save 3.7 bln stg over 10 years -FCA* Insurers already working to tackle problem -trade body* FCA, insurers weigh any appeal to business interruption ruling (Adds calls for interim payments after test case, Arch's likely appeal of...
Read more* Proposals would save 3.7 bln stg over 10 years -FCA* Insurers already working to tackle issue -trade body* FCA, insurers still deciding on business interruption appeal (Adds comments from press briefing, trade body, shares)By Huw Jones and Caroly...
Read more(Adds Citizens Advice, background, shares)By Huw Jones and Carolyn CohnLONDON, Sept 22 (Reuters) - Britain's Financial Conduct Authority said on Tuesday it was proposing to stop insurers from charging repeat car and home insurance customers more th...
Read more(Adds more detail)LONDON, Sept 22 (Reuters) - Britain's Financial Conduct Authority said on Tuesday it was proposing to stop insurers from charging more to repeat car and home insurance customers than to new clients.When a customer renews their ho...
Read moreLONDON, Sept 22 (Reuters) - Britain's Financial Conduct Authority said on Tuesday it was proposing to stop insurers from charging more to repeat car and home insurance customers than to new clients."The FCA estimates that its proposals will save c...
Read more(Adds background, detail)LONDON, Sept 18 (Reuters) - Britain's markets watchdog said on Friday it was "critical" that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance...
Read moreLONDON, Sept 18 (Reuters) - Britain's markets watchdog said on Friday it was "critical" that insurers pay valid claims in full at the earliest possible date, following a High Court ruling on business interruption insurance.London judges ruled that...
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UK BROKER RATINGS SUMMARY: RBC Cuts Severn Trent To Sector Perform
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