Streamlined London market claims model goes live

A new single claims agreement model for non-complex claims has
launched today in the London market after receiving final approval
from major insurance trade bodies.
Under the new claims structure policy leaders across the London
market will be able to authorise claims up to £250,000
($354,358) on behalf of the following carriers.
The single claims agreement is designed to speed up the
resolution of claims and the time it takes for insureds receive
restitution.
Current rules at Lloyd's mean