Trade bodies approve single claims agreement model

The development of a single claims agreement model for
non-complex claims moved a step closer today after the London
market's major trade bodies gave its creation the go-ahead.
In June 2016, The Insurance Insider
revealed that the London & International Insurance Brokers'
Association (Liiba) had drafted
a proposal for the model.
Now the structure has been backed by the Lloyd's Market
Association (LMA), the International Underwriting Association (IUA)
and Lloyd's.
The organisations want to es