Health is the number one priority for most at the moment, as the coronavirus pandemic creates a sharp focus on our mortality. Due to the ongoing pandemic, a number of private hospitals have been taken over by the NHS, to ensure that as many people as possible can get the treatment they need. Whilst this … Read more
Insurers are threatening to sue the very same companies taking them to court over unpaid business interruption claims. In recent weeks there has been a series of disagreements between firms forced to close due to coronavirus and the insurers refusing to pay out their business interruption claims. Policyholders are taking Hiscox to court in a class action … Read more
FCA tells insurers: See you in court, after thousands of desperate firms have their Covid claims rejected By James Salmon for the Daily Mail Published: 21:50 BST, 1 May 2020 | Updated: 21:50 BST, 1 May 2020 Desperate businesses battling to survive the Covid-19 crisis were given a glimmer of hope yesterday as the City … Read more
Insurers told to pay out to firms forced to close by coronavirus but thousands are warned they’re not covered FCA urges insurers to act swiftly to pay out on coronavirus-related claims But the watchdog also warned that most firms aren’t actually covered It comes as IMF labels coronavirus crash will be the worst hit to … Read more
Insurers are told to ban the practice of ‘dual pricing’ to end the widespread bias against loyal customers Consumer experts are calling for a ban on ‘dual pricing’ in the insurance market Citizens Advice revealed that customers who had stayed with the same home insurer for five years were quoted on average £325 to renew … Read more
Nearly half of major insurers have pulled travel insurance products from sale because of the coronavirus crisis, says Which? The consumer champion contacted 75 insurance providers during its study 31 of the 75 insurers contacted have temporarily stopped sale of their policies A further 13, including Axa and Staysure, have changed aspects of their policies … Read more
Insurers are pulling income protection insurance due to the coronavirus outbreak – and some are looking for ways NOT to pay out if you get sick Insurers pull out of the income protection market as coronavirus spreads Those still offering it reportedly planning to introduce coronavirus exclusions This means new policyholders won’t get a payout … Read more
Biggest stock market losers from coronavirus: Airlines, insurers and energy stocks take the heaviest beating with some losing two thirds of their value The share prices of insurance firms M&G, and Prudential have all fallen heavily Since the FTSE 100 peaked on 17 January at 7,675, it has plunged by over a third Travel firm … Read more
What is current Foreign Office advice regarding travel and coronavirus? The Foreign Office now advises against all but essential travel to 10 small towns in Lombardy and one in Veneto in Italy, which have been isolated by the Italian authorities. These towns are Codogno, Castiglione d’Adda, Casalpusterlengo, Fombio, Maleo, Somaglia, Bertonico, Terranova dei Passerini, Castelgerundo … Read more
What is current Foreign Office advice regarding travel and coronavirus? The Foreign Office now advises against all but essential travel to 10 small towns in Lombardy and one in Veneto in Italy, which have been isolated by the Italian authorities. These towns are Codogno, Castiglione d’Adda, Casalpusterlengo, Fombio, Maleo, Somaglia, Bertonico, Terranova dei Passerini, Castelgerundo … Read more