How drones have opened up a whole new world for insurers June 13, 2016 The popularity of drones could drive growth in some sectors of the insurance industry, one City law firm has said today. According to RPC, the new technology is increasing the demand for specialist drone insurance, which providers operators with cover that may not be available under traditional public liability policies. "Major issues do remain to be resolved for insurers – [...]
Many insurers are worried the technology-centric startups will steal their business June 13, 2016 Technology has got insurers shaking in their boots, as research out today shows many are worried technology-focused startups will snatch their business out from under them. The report by professional services firm PwC discovered that almost half (48 per cent) of insurers are concerned that as much as a fifth of their business could be [...]
EMBARGOED UNTIL TOMORROW: Bad news for London jobseekers as vacancy numbers decrease, according to Morgan McKinley June 12, 2016 NULL
Failed EMI lawsuit could land Guy Hands with legal bill for millions June 12, 2016 Guy Hands' dropped lawsuit over Terra Firma's failed takeover of EMI could cost the investor millions. Hands, who was suing Citigroup for £1.5bn over allegations that the bank had misled him during the bidding process for the music company, had taken his case to London's high court last week, but dropped it on Friday. A [...]
EMBARGOED UNTIL TOMORROW: PwC retirement survey, UK fails to improve ranking for older workers, similar to piece of Resolution Foundation research June 12, 2016 NULL
Sports Direct’s Mike Ashley steps in for eleventh hour BHS chats June 12, 2016 Sports Direct's Mike Ashley is trying to reopen talks to save BHS from liquidation. A source told City A.M. that Ashley had written to the administrators in a bid to reopen a dialogue in a move that could save a number of stores along with the BHS name. City A.M. also understands that the administrators will be [...]
Heading to UEFA Euro 2016? Sorry but more travel disruption on the way as Air France updates warning on cancelled flights June 12, 2016 Anybody heading across the Channel for a short getaway or to see their team play in Euro 2016 has a fresh set of travel woes, as Air France today warned that strike action would affect around a fifth of its flights for the next couple of days. The French airline has advised passengers to check whether their [...]
Travel troubles cost insurance industry £1m per day June 11, 2016 Those who are still shuddering at the cost of their most recent getaway should spare a thought for the insurance industry. Research out today has found that insurers shell out £1m every day on claims on travel policies. The study from the Association of British Insurers (ABI) discovered that travel insurers paid out £365m in claims last [...]
