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Directors and Officers Increasingly Liable: 1 in 4 Hit With Claims
Directors and Officers Increasingly Liable: 1 in 4 Hit With Claims
Between regulatory changes, increased technology troubles and everyday exposures, the past year has seen a significant increase in liability claims for senior-level business executives. Indeed, a recent survey found that nearly a quarter of senior managers have had at least one claim made against them, and over 30 per cent reported concerns of a claim headed their way in the future. 

In...

Revealing Reasons for Home Insurance Claims
Revealing Reasons for Home Insurance Claims
The need for home repairs and fixes after damage occurs is often unpredictable. However, home insurance policies offer comfort and peace of mind in the event that the worst happens. Have a look at the following most common reasons for home insurance claims and how you can take steps to lower your risk: 

Accidental damage— Accidents happen. In fact, they are the most common reason...

Why the GDPR Means You May Need More Cyber and D&O Insurance
Why the GDPR Means You May Need More Cyber and D&O Insurance
Last year was a record-breaking year in terms of cyber claims, totalling more claims than the previous four years combined, according to recent industry research. However, researchers predict that cyber claims will rise now more than ever as a result of the General Data Protection Regulation (GDPR). Due to the GDPR’s strict regulations and hefty non-compliance fines, the consequences your business...

Government U-Turn on the Ogden Discount Rate
Government U-Turn on the Ogden Discount Rate
In March 2017, the government announced a cut in the discount rate which is applied to insurance compensation payments for long-term bodily injury calculations, from 2.5% discount to 0.75% loading. This change increased claims reserves and settlement amounts for any new and pending claims.

The decision led to widespread criticism from the insurance industry, due to the immediate impact...

The Impact of the Ogden Discount Rate Reduction
The Impact of the Ogden Discount Rate Reduction
* A new article on the Ogden Discount Rate has been published. Click here to read
Government adopts negative discount rate
On 27th February 2017, Lord Chancellor Elizabeth Truss announced a new discount rate of -0.75% for personal injury awards. This new rate came into effect 20th March 2017 and was met with enthusiasm by personal injury victims and advocates, but with sharp criticism by Insurers.
The...

ICB Group Presents - the Roadside Helper App
ICB Group Presents - the Roadside Helper App
We are proud to announce that ICB Group have launched their first app called 'The Roadside Helper', which is designed to help you gather information if you are ever involved in a motor accident.

The app is free to download.

If you are ever unfortunate enough to be involved in a Motor Accident the App will guide you through the information you need to gather at the scene in 8 easy...