Our Latest

News

Recent reports, of the vulnerability of brokers to being sued in the wake of the Covid-19 coverage litigations, mostly by parties that stand to gain work from litigation, are understandably causing firms to be concerned. We have already reported in our Recent Covid-19 Bulletins the hurdles that will have to be overcome in a successful claim against brokers, generally, and subsequently BIBA published its own opinion with the support of Weightmans, solicitors which also offers reassurance. However, already we are seeing...

Customer expectation determines the trust of the public in insurance and highlight, why that fragile trust has been eroded yet again. This time by the drastic reactions of the insurance industry to an unprecedented claims-pandemic arising from Covid 19. If an insurance policy is called upon just once in a policyholder’s business career it is, at that time the most important thing to them, bar nothing. When they are told “sorry, but your claim is not covered on this occasion” ;...

What happens when the interruption is interrupted? Michael Wilson - Flaxmans Regional Director The Red Lion Hotel suffered a fire in March 2019.  It was a thriving business through its drinks and restaurant activities as well as a successful B&B offering.  After some delay, the material damage claim was agreed and it was estimated it would take 18 months to reinstate the damage to the building and contents. The policy contained BI cover with an indemnity period of 18 months. On the 12-month...