The recent extension of the UK government's trade credit reinsurance scheme was not an unexpected development, given the tough trading environment for businesses during the pandemic period of 2020-2021. UK Treasury initiatives send a strong message of support to protect business and position them for post COVID-19 recovery.

An overhaul of the Prompt Payment Code (PPC) to crack down on delayed invoices owed to small businesses has been announced by the UK government. Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days – half the time outlined in the current code.

Cyber has been the ‘golden class’ for a number of years. Much hyped by insurers and brokers as the key new category of the future, and sometimes even viewed as a replacement for many ‘old-fashioned’ physical risk-focused policies; buyers have begun to see it as a necessary purchase and part of their regular suite of business cover.

Automation will be a key factor in the future of transportation, and Flock and Sompo are well placed to support the development of the technology and insurances for the growing UAVs market.

Businesses in the UK are being warned to brace for further possible extreme weather and flooding across many parts of Northern England as Storm Christoph continues its rampage across parts of the country.

The City of London Police has uncovered a sizable cannabis factory in a quiet street in the City of London.

Evidently taking advantage of the lockdown lull in the metropolis, the building had become home to over 800 plants, which have since between removed and destroyed.