Hiscox News

UK Firms Hail Victory in Battle Over Covid Insurance Claims

London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain’s Financial Conduct Authority (FCA) said on Tuesday. The FCA, which brought …

Pandemic-Proofing: Insurance May Never Be the Same Again

Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof policies might not be cheap, they offer businesses from …

Bank of England Worried About Business Interruption Insurance Claims

LONDON — The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses …

Hiscox Policyholders File $50M Arbitration Claim in COVID Business Interruption Dispute

The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The action group, composed of disgruntled Hiscox policyholders, is represented by London law …

UK Watchdog Goes to Court to Clarify Coronavirus Business Insurance

Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority (FCA) also told all insurers to assess whether …

Insurers Feel the Heat as Chefs, Trump Join Calls for Payouts

LONDON/NEW YORK — Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he …

Hiscox: Sex Harassment Tops List of Most Common Form of Employee Misconduct

More than one-third (35%) of employees feel they’ve experienced workplace harassment, 50 percent of whom said it was on account of their gender or sex, according to a new study by Hiscox, an international specialist insurer. These findings are according …

Business News: RMS, Roost/The Weather Company, Hiscox

RMS Releases New Japan Earthquake and Tsunami High Definition Model Global risk modeling and analytics firm RMS announced the release of its new Japan Earthquake and Tsunami High Definition (HD) model. RMS collaborated with local experts, scientific agencies and insurers …

People News: Hiscox, Mississippi Insurance Dept., Innovative Coverage Concepts

McLaughlin Named Chief Financial Officer for Hiscox in the US Hiscox, the international specialist insurer, announced today the appointment of David McLaughlin as Chief Financial Officer in the US. McLaughlin is based in Atlanta and will report to Ben Walter, …

Business News: Progressive, Hiscox, Berkley Aspire

Progressive Announces New Flo Chatbot Progressive Insurance announced a new Flo Chatbot experience on Facebook Messenger. The tool, enhanced by artificial intelligence and quoting technology, is now available for all Messenger users via Flo, the Progressive Girl’s Facebook page. The …