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Riot compensation scheme 'not fit for purpose'

The Association of British Insurers has called for an overhaul of the law that provides for compensation to be paid to the victims of riots.

Insurer | 22 May 2012 secure

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Italy earthquake map May 20 2012

Eqecat puts €100m price on Italy quake

Catastrophe risk modelling firm Equecat has estimated insured losses of around €100m for the northern Italy earthquake on 20 May, but warned of uncertainty.

Claims | 22 May 2012 secure

nurse

Capita takes over Medicals Direct

Capita has bought the medical screening services provider Medicals Direct Holdings for £13.2m, on a cash free, debt free basis, and a deferred consideration, linked to profit performance, of up to £2m.

Claims | 21 May 2012 secure

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Aon's Jones to chair Average Adjusters

Keith Jones has been elected chairman of the Association of Average Adjusters following its annual general meeting. He takes over from Paul Silver, pictured, of Richards Hogg Lindley.

Claims | 21 May 2012 secure

railway

Insurers pay out £1m a week for metal theft

Incidents running at 1,000 a week, according to the Association of British Insurers.

Insurer | 21 May 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Riot Damages Act set for reform

Home Office minister Lynn Featherstone told MPs late on Monday that the future of the 1886 Riot (Damages) Act is under review. Reform of this antiquated Act moved a step closer on Monday when Lynn Featherstone (below) responded to a debate on the Act......

Insurer | 16 May 2012

Pink flowers

More Than issues hay fever warning

Insurer More Than has warned that hay fever causes havoc on the road and is set to reach new heights this summer.

Insurer | 15 May 2012 secure

carcrash

Quindell buys Simon Hall to run motor arm

Insurance claims outsourcer Quindell Portfolio has named Simon Hall as chief executive of its Quindell Motor Services arm having bought his firm, Simon Hall Associates, for £2.5m.

Claims | 14 May 2012 secure

Sandra Toole

Aim Group moves to Broadstone Mill

North of England legal expenses provider and claims management firm Aim Group has moved to new premises at Stockport's landmark Broadstone Mill.

Claims | 11 May 2012 secure

Mobile phone being used on holiday

Mobile operator Three hit by claims fraud

Rising fraudulent claims has forced UK mobile phone network Three to stop selling phone insurance, the FT reports.

Claims | 09 May 2012 secure

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Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

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Quindell signs £120m deal with UK broker

Acquisitive outsourcer Quindell Portfolio claims to have landed a £120m three-year motor claims and supply chain outsourcing deal with a large un-named UK intermediary.

Claims | 09 May 2012 secure

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DWF confirms Buller Jeffries merger

National business law firm DWF has completed its takeover of Buller Jeffries.

Claims | 01 May 2012 secure

car crash

Helphire cuts debt as drop in hires slows

Helphire said in a trading update it had reduced net debt by £7.9m, from £132.4m to £124.5m, in the first three months of the year.

Claims | 30 Apr 2012 secure

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RSA expected to beat 95% COR

Deutsche Bank has said it expects RSA to produce a combined ratio of better than 95% when it reports Q1 results this week.

Insurer | 30 Apr 2012 secure

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Safety consultants in management buyout

Health, Safety and Engineering Consultants, based in Ashby-de-la-Zouch, Leicestershire has undergone a £2.7m management buy-out backed by venture capitalist EV.

Claims | 26 Apr 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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