Lloyd’s of London licensed broker launches crypto insurance product May 11, 2022 A Lloyd's licensed insurance broker has launched a dedicated crypto product to shore up legal protections for digital asset firms.
London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
Billions of pounds of taxpayer cash will be lost due to covid support scramble, MPs warn May 18, 2022 Billions of pounds of taxpayers’ money will be “lost to fraud and error” in the government’s scramble to dish out cash via covid business support schemes, the public accounts committee has warned today.
Covid loan fraudsters should turn themselves in to avoid harsher penalties, lawyers say July 4, 2022 Individuals who defrauded the government’s Covid support schemes should consider turning themselves in to avoid even harsher penalties, amid a far-reaching crackdown on those responsible for making fraudulent claims, lawyers have said. The comments come after figures from the UK’s Insolvency Service showed the executive agency has struck off a total of 179 company directors, [...]
Bank lending to firms up £12bn after dip due to covid schemes ending July 18, 2022 The so-called loan ‘drought’ induced by the pandemic appears to be coming to an, with lending up by £12bn. Banks are increasing their lending in wake of a sharp decline in wake of both the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) ending. According to research from ACP Altenburg Advisory, [...]
Axa vows not to appeal ruling over Corbin & King’s £4.4m claim for Covid linked losses April 3, 2022 Axa has said it will not appeal a High Court ruling ordering it to pay out £4.36m to high end restaurateur Corbin & King, after the firm was forced to close its restaurants during the pandemic. The French insurer said it would not appeal the February decision after it initially refused to pay the restaurant [...]
Rising insurance costs could be ‘last straw’ for struggling small businesses November 24, 2021 Half of small and mid-sized UK businesses have seen increases in pandemic-related exclusions in their cover, according to broker Marsh, as insurers try to stop their £1bn bill from mounting further.
Much-talked about £6m lawsuit by The Wolseley owner against insurance giant AXA starts in court January 26, 2022 A much-talked about lawsuit by the owner of The Wolseley and a range of other upmarket restaurants around London against insurance giant AXA has started in London’s High Court. Corbin & King is brining the £6m lawsuit to AXA Insurance over Covid-related losses, in a trial that could have wider ramifications for other UK businesses [...]
Russia Today shuts down US operations amid layoffs March 4, 2022 The US arm of a Russian-state backed media outlet is closing down operations and laying off staff amid backlash to the war with Ukraine.
Funding Circle chief Lisa Jacobs: Lending through a crisis – and looking toward the US September 14, 2023 It’s not been a quiet few years for small business lenders. When covid struck in 2020, a host of non-banks found themselves thrust into the public consciousness alongside the big High Street lenders as small companies scrambled for a cash lifeline through lockdowns. The reception was a largely positive one; some even took on something [...]