Post - 2010-09-08
Articles in this issue
Post Magazine – 09 September 2010
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Quantum drops appeal in 'positive' Court of Session ruling
Scottish consultancy firm Quantum Claims has dropped its plan to appeal against a recent Court of Session costs judgment, heralded as "positive news" for the insurance industry.
Swiftcover to check history of applicants in fraud crackdown
Swiftcover has said that it wants to crack down on drivers who lie about previous claims to get cheaper insurance by automatically checking the claims histories of applicants.
Interview - Sandy Scott: Discovery continues for tireless Scott
As CII chief executive Sandy Scott notches up a decade at the helm of the institute, he talks to Lynn Rouse about change, challenges and his critics, plus the professionalism agenda he is intent on pursuing.
Postbox: Exclusion key to fraud prevention
Richard Davies' article 'Time to share fraud data' () highlights an age-old problem: that insurance fraud is ok for many policyholders — unless they get caught. But why not exclusion?
View from the top: Commercial reality check
The most recent round of financial results from across the market has provided further proof, if more were needed, that commercial insurance is being sold too cheaply. Indeed, this has been the case for far too long. Action to address this is a matter of…
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
Identity fraud: Tolerance levels
With technological advances arguably making insurers more susceptible to fraud at the underwriting stage, should validation techniques be learned from banks? Amy Ellis examines the issue of fraud at the front end.
Fraud - travel insurance: The Achilles heel
As the third package tour operator since July collapses, Nikki Grieve-Top highlights the importance of travel insurance but also warns of its vulnerability to fraud.
Legal update - motor fraud: Paying the cost
Pursuing a non-party for costs should not be taken lightly, but it could prove a powerful deterrent when fighting fraudsters. Craig Nunn explains.
Legal update - legal expenses insurers: Freedom of choice?
Can legal expenses insurers still oblige policyholders to use their panel solicitors in light of a recent European Court of Justice decision and communications from the Financial Services Authority? Mark Lee seeks to unravel the complexity of the issue.
Career development & CSR news: LV to expand apprenticeship scheme
LV is set to extend its apprenticeship programme over the next 12 months, following the graduation of 50 staff.
Career development & CSR news: Open GI team cycles along Hadrian's Wall
A team of staff from software house Open GI has raised more than £1000 for Midlands Air Ambulance by taking part in a charity cycle.
Penny Black's insurance week
Penny enjoyed a first class day out at Twickenham on Saturday for the new rugby season's double-header and the first matches for Aviva as main sponsor.
20 years ago: IIC financial woes mean liquidation
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
10 years ago: Ace pulls plug on life syndicate
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
5 years ago: RBSI sees more staff changes
Looking back through Post's back catalogue paints a unique picture of mroe than 150 years of insurance newss, as this highlight from five years ago reveals.
NZ earthquake losses to near £3bn
Reinsurers are set to be primarily impacted by the 4 September earthquake near Christchurch, New Zealand.
CSC member firms fall foul of SMS crackdown
Two members of the Claims Standards Council have been forced out as a result of an investigation into the sending of unsolicited text messages.
Insurers show hands over PI renewals
RSA has confirmed it has closed its doors to new clients looking for solicitors' professional indemnity insurance.
Six months on: clarification on Quinn in UK
Quinn Insurance's future as a commercial lines insurance provider in the UK is expected to become clearer by the end of the week, Post understands.
CII to revamp Indian regulator agents tests
The Chartered Insurance Institute has been invited by the Indian insurance regulator to overhaul its compulsory agents' test in a development the CII expects will be recognised by — and replicated in — other emerging economic powerhouses.
Mixed reaction for new EU finance bodies
The creation of three new European supervisory authorities and a European systemic risk board has been welcomed by the government.
LV to launch household product in wake of motor success
LV is gearing up to launch a new household product via its broker network in the next few months. The product, which will be rolled out with CDL and SSP, is expected to generate up to £100m premium income over the next two years.
Refinancing will see Accident Exchange de-list from LSE
Credit hire operator Accident Exchange is to de-list from the London Stock Exchange after restructuring its credit facility.
LDC set to test market for £70m Davies sale
Private equity house Lloyds Development Capital is understood to be looking to test the market for realising its investment in claims management and loss adjusting firm Davies and may sell if an offer comes to match its price.
Warning over rise in discrimination claims
A law firm has warned insurers and brokers they may be exposed to a rise in claims following implementation of a new "three strikes rule" regarding workplace discrimination, due to come into force on 1 October.
Editor's comment: An Indian summer?
The proactive stance of the Indian insurance regulator to enhance the professional reputation of its market certainly seemed to be making as many enemies as friends earlier this week, as news broke of two developments — one positive, one rather less so.
Ward confident on ATE despite Jackson
The after-the-event insurance market is "here to stay", despite proposals laid out by Lord Justice Jackson, according to Abbey Protection.
Website Review: Endsleigh
In the latest of a new series for Post, web performance monitoring specialist Gomez assesses Endsleigh's website, to see how it performs in a number of key areas and stands up against some of its rivals.
Blackham: no plans to raid Bluefin for Endorphin staff
Chris Blackham has insisted he has no specific plans to raid Bluefin for staff, despite his new firm appointing a former Bluefin executive to a senior operational role.
Brokers having hard fight over claims
Brokers are having to fight harder to get claims paid during the economic downturn due to stricter policy interpretations and anti fraud-systems used by insurers, according to the British Insurance Brokers' Association.
Allianz calls for engineer surveyor registration
Allianz Engineering is calling for the establishment of a national registration scheme for engineer surveyors in a move it claims would support the reduction of industrial accidents and diseases.