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FERMA calls for new framework to address lack of business interruption insurance

The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.

French court orders insurer AXA to pay restaurant’s covid-19 losses

A Paris commercial court has ruled that French insurer AXA will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.

3i Group Pension Plan completes £650m buy-in with L&G

The trustees of the 3i Group Pension Plan have completed a £650m bulk annuity deal with Legal & General.

Tens of thousands of women missing out on £100m in state pension uplifts – Webb

Tens of thousands of married older women could be entitled to a higher rate of state pension than they are receiving, analysis by LCP has revealed.

Insurance brokers slammed for conflicts of interests amid coronavirus business interruption claim disputes

Insurance brokers have been attacked for “scandalous” conflicts of interests in a report published on Wednesday.

Aviva estimates COVID-19 impact on specialist schemes and brokers as related BI claims reach £200m

The insurer calculates that coronavirus-related claims across its general insurance business will total £160m net of reinsurance.

COVID-19 linked to 54% drop in Q1 insurtech funding: WTW

A new report from Willis Towers Watson has found that insurtech investment worldwide totalled about $912 million during the first three months.

UK business confidence matches 2008 low & more...

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