The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
Association of British Insurers (ABI) News
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit...
Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim...
British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit...
Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...
Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers...