Elizabeth Truss, secretary of state for justice, has launched a six week consultation on the discount rate.
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
The global risk landscape is currently dominated by environmental upheavals caused by climate change. The resulting catastrophes are of concern to people in general and insurers, in particular, tasked as they are with underwriting and managing ever…
Former category 4 Cyclone Debbie is still causing havoc in Australia as schools across south-east Queensland closed today.
Research from AIG Singapore suggests that high-impact incidents such as extreme weather events, virus outbreaks and socio-political volatility are the top emerging risks for Asia-Pacific travellers in 2017.
A criminal gang have been sentenced for their involvement in sophisticated fraud following an investigation carried out by the Insurance Fraud Enforcement Department.
The collision repair market and the connected garage are among the topics that will be discussed by the International Bodyshop Industry Symposium at its global summit 2017 taking place in June in Madrid.
Businesses in the insurance sector have to deal with change from a ‘new' type of social-savvy policyholder. Engaging and empowering your workforce is the best way to go about it, and technology provides the tools for it.
The Enterprise Act may expose inefficiences in the way claims are handled – and fire investigators could feel the heat, as any delay in investigating may cost
Listening to the entirety of the Second Reading debate on the Prisons and Courts Bill last week, I was reminded once again of the pitfalls of short-sighted and ill-thought-out policy changes in the claims sector.
AA saw profits dip by 2.6% last year due to a higher marketing spend on aggregator sites.
The International Underwriting Association has joined insurers and called for a reform of the discount rate and the way in which personal injuries are analysed and settled.
Six out of ten general insurers have signed up to the Insurance Fraud Register, new figures reveal.
The legal landscape around the insurance industry and the claims sector is approaching a period of unprecedented change.
Imagine this scenario: Your employees walk into the office on a Monday morning, turn on their computers and a message appears demanding payment to access company systems and data.
Changes to the personal injury discount rate could increase the cost of personal injury claims by as much as three times, according to Marsh.
Validus has added 11 insurers to its Verify subrogation portal community following Aviva and Ageas going live on the platform in 2016.
Insurance payouts for small employers’ and public liability personal injury claims have increased significantly over the past two years, climbing to an average value of nearly £4,000 by the end of last year.
Fracking has been given the go-ahead in Lancashire and insurers need to consider the risks associated with the technique.
A former claims manager at Arthur J Gallagher has been sentenced to five years in prison after stealing more than £1.8m from the company.
New methods of hacking and types of cyber breach could lend themselves to greater fines following the incoming General Data Protection Regulation.
Any hint of an economic downturn inevitably results in forecasts that demand for trade credit insurance will soar. So, predictably, Brexit has sent the PR machines of the major credit insurers into overdrive.
Passengers affected by a ban on large electronic items in the aircraft cabin have been warned to check with their insurers before flying.
A Supreme Court ruling has decided that the 214 claims made against ILP Solicitors, insured by AIG, should be settled as two claims rather than one.