Insurance Jottings

Carnegie-Brown provides Covid-19 leadership with “jeopardy” warning

As political pressure grows on insurers across the globe to Coronavirus-related claims even if there are valid exclusions in place, the Lloyd’s chairman has warned the industry it could be “in jeopardy” if they succeed.

Insurance should not be coronavirus ‘bail out’: CII

Insurers should stand by contractual coverage commitments but not become the “mechanism for a Covid-19 bail out”, Matt Connell, director of policy and engagement for the Chartered Insurance Institute (CII), has said in response to expectations the UK’s Financial Conduct Authority (FCA) recently set out for general insurers.

Conservative MP tells insurers “we bailed you out” over Covid-19 BI exclusions

A member of parliament for the UK Conservative government, Sir Roger Gale, is the latest voice to wade into the debate over whether the insurance industry should foot the bill for coronavirus-related business interruption despite policy T&C’s, deeming it “unacceptable” if they do not.