Business Insurance

business insurance

Hurricane Sandy costs insurers £9.3bn

Hurricane Sandy could cost property insurers up to£9.3bn according to initial estimates by catastrophe modelling firm AIR Worldwide. Another catastrophe modelling firm Eqecat have lowered their initial estimates to £3.1bn. However, the firm said that the wider economic losses could reach £6.21bn. In addition to the property damage costs,  business interruption claims will occur – […]

Japan Earthquake

Following the recent earthquake and tsunami in Japan, which left an estimated 10,000 people either missing or dead, Insurers have delivered their first verdict on the effect of damage costs to the global insurance community. Whilst the Lloyds market in London have played down speculation about how hard they would be hit by the effect […]

Liverpool Victoria (LV=) Changes Identity

Liverpool Victoria’s commercial business insurance division, previously known as abc Insurance, has been rebranded to the more recognisable Liverpool Victoria (LV=) brand this month in an effort to establish itself in the commercial business insurance market. Liverpool Victoria distribute it’s commercial business insurance products via brokers including Midlands Insurance Services. Products includes commercial combined, hotels […]

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