Coronavirus (COVID-19) - Argo Group

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During this unprecedented time, Argo Group is working hard to limit disruption to customers. There is currently no impact to normal customer service operations. Argo is committed to providing the products and services our partners and clients are accustomed to, even as we take steps to ensure the safety of our employees.

We are ready and able to continue business as usual. Please visit our Business and Claims pages for more information.

We are monitoring developments related to the COVID-19 coronavirus and have instructed our teams to work from home for the foreseeable future, restrict all international travel and limit domestic travel until further notice.

Lloyd’s of London has closed their underwriting room; therefore, our Syndicate underwriters will be trading remotely and will either utilize PPL as the main placement method or revert to the Lloyd’s Emergency Trading Protocol, which has been distributed by Lloyd’s recently.

Please reach out to your underwriters with any questions, and connect with us on TwitterFacebook and LinkedIn for the latest news and insights.

Our thoughts go out to all those impacted by COVID-19. We hope you continue to prioritize your health and the health of those around you.

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How Argo Group Prepared

Argo Group successfully shifted a 1500-person organization to an entirely remote workforce in only 48 hours. Although an internal strategy that aligned its digital and operations teams was crucial to business continuity planning during this time, it was the early adoption of digital solutions that eased the transition.

Embracing digital strategies that help streamline service delivery is at the heart of everything Argo Group does. Having these tools in place helped manage the pandemic and they continue to spotlight what aspects of insurance can remain automated in a post-pandemic world.

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Supporting Worldwide Relief Efforts

Argo Group is a proud donor to global entities that are helping fight the Coronavirus pandemic, including the CDC Foundation and the United Nations Foundation.

Additionally, local employee-led contributions committees are donating additional funds to support organizations in their communities. Learn more about their efforts and see how you can help.

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Financial Assistance for U.S. Policyholders

As most communities across the United States started to shelter in place and for many weeks to follow, Argo Group U.S. offered financial assistance to policyholders experiencing hardships due to the COVID-19 public health emergency, including a temporary suspension of policy cancellation for nonpayment through June 1, 2020.

As much of the country reopens, Argo Group U.S. continues to uphold all state regulatory orders to provide policyholder leniency. We will also review unique situations on a case-by-case basis. Please contact your agent or broker for more information. If you are working with a premium finance company, please contact them directly with any billing questions.

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Update: UK Financial Conduct Authority Business Interruption Proceedings

On June 9, 2020, the Financial Conduct Authority (FCA) issued High Court proceedings to start a test case in respect to business interruption policies that provide cover in circumstances where there has been no physical damage to the insured property. The proceedings will review a representative sample of policy wordings to determine whether they provide cover for Covid-19, and in what circumstances. The outcomes will then inform the assessment of policies and claims for all insurers of business interruption cover.

The FCA has involved a number of insurers as parties in the test case. Although ArgoGlobal is not involved in the test case, we support the FCA’s aim to achieve clarity for all concerned in this unprecedented situation.  We expect the High Court to make its decision at the end of July 2020.

If you have submitted a claim or complaint under business interruption policies that may provide cover in circumstances where there has been no physical damage to the insured property, you will be contacted by the intermediary who sold you the policy in accordance with the guidance issued by the FCA on June 17, 2020.  For further information we recommend that you contact the intermediary.

Information about the test case can be found on the FCA website and information concerning business interruption insurance can be found on the Financial Ombudsman Service’s website.  You can subscribe to the FCA’s email alerts which will keep you fully up to date on the progress of the case.