Insurance sector’s hard-nosed approach sees surge in High Court battles October 25, 2022 A hard-nosed approach towards paying out on policies, particularly in relation to Covid-19 business interruption claims, has led to a surge in lawsuits being filed against the UK’s insurers, new research shows. The number of High Court lawsuits filed against insurance companies more than tripled between 2017 and 2021, as policyholders increasingly resorted to legal [...]
Google searches for inflation surge by 1000 per cent and overtake Coronavirus October 24, 2022 Google searches for inflation have now overtaken people concerned by Coronavirus. Between July and October of this year, searches for inflation have surged by more than 1000 per cent compared to last year. This comes as the UK, US and large parts of Europe are gripped by soaring energy and food prices due in part [...]
The City is bouncing back: Itsu sees sales surge past pre-Covid levels amid office return October 10, 2022 Asian-inspired restaurant chain Itsu has declared London is “back in business” after the capital has endured a protracted footfall recovery from Covid lockdowns. Itsu’s City sites have seen sales steadily grow throughout the year, with its third quarter shooting beyond pre-Covid levels, the brand said on Monday. “Increasing numbers” of customers are being served midweek, [...]
UK house prices level out as Covid boom subsides October 7, 2022 UK house prices have dropped for the second time over the past three months in a sign the surge experienced over the previous year is starting to level out. Average UK house prices dropped by 0.1 per cent in September from August’s record highs of £293,992. The September drop marks the second marginal decrease over [...]
Goodwin to move staff from Hong Kong to set up in shop in Singapore October 4, 2022 Goodwin Procter has become the latest law firm to set up in Singapore, after outlining plans to relocate staff from Hong Kong. The Boston founded law firm’s new Singapore offices will become its second location in Asia, after Goodwin opened its Hong Kong office in 2008. The launch is set to see two Goodwin partners, [...]
FCA vows to take action against insurers falling short on business interruption claims October 4, 2022 The UK’s financial watchdog has warned insurers are falling short of its requirements in their handling of business interruption (BI) claims. The Financial Conduct Authority (FCA) said it will “consider using all regulatory tools” it has available to ensure insurers meet its standards after a review carried out by the watchdog determined insurers have “fallen [...]
Moderna rejects request from China for Covid-19 vaccine technology October 2, 2022 Moderna has reportedly refused a request from China to reveal the technology behind its Covid-19 vaccine. The rejection prompted negotiations for its sale there to fall apart, the Financial Times reported, citing people familiar with the matter. The US pharmaceutical company remains “eager” to sell its product in China after negotiations between 2020 and 2021 [...]
Twindemic warning: 30m Brits urged to get ‘potentially life-saving’ flu and covid jabs September 28, 2022 30 millions Bris have been urged to have flu and Covid boosters before the winter sets-in to avoid a “twindemic”. The UK Health Security Agency (UKHSA) said people should protect themselves against H3N2 – a subtype of influenza type A – and coronavirus, before expected resurgences of both happens in colder months. H3N2 is currently [...]
Government has until November to end barristers’ strike before judges will be justified in releasing prisoners September 28, 2022 Judges acted unlawfully by releasing prisoners awaiting trial because of the barristers’ strike, a High Court has ruled, after warning the government has just two months to sort the situation out before courts will be justified in letting out those awaiting hearings. Crown Court judges in Bristol and Manchester who released prisoners on bail, on [...]
5m Brits have more than one job while double that number is looking for a side hustle September 27, 2022 More than 5m Brits are turning to a second or even third job to beat the cost of living crisis, while another 10m are considering it, according to new data out today from insurer Royal London. In fact, a separate study commissioned by GoDaddy shows that nearly one in three of firms that have under 10 employees are secondary [...]