Underinsurance
ARM launches building valuation service
Aspen Risk Management has launched a free building valuation assessment service for its broker partners and clients.
Claims Club news: even larger corporates are failing to review risk profiles
Commercial insurance in a post-economic crisis environment is "not fit for purpose" for many large corporate firms, Bruce Hepburn, chief executive of Mactavish, asserted.
Litigation fears in wake of NZ quake
The New Zealand earthquakes in September 2010 and February 2011 have left some brokers and insurers at risk of litigation, the chief executive of Cunningham Lindsey's New Zealand operation has warned.
Roundtable: Is there a cross industry solution to rebuilding costs?
The current approach to rebuilding costs can lead to both underinsurance and ill-suited reinsurance programmes. Post gathered together a host of industry figures to debate whether a cross-industry solution could be found. Leigh Jackson reports.
Post history – 15 years ago: Bomb blast buildings uninsured
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 15 years ago reveals.
Chilean earthquake – insurance lessons learnt one year on
Lessons learnt from the massive earthquake that struck Chile 12 months ago should facilitate the future handling of complex business interruption claims, says Jenny Larner.
RBS Insurance targets direct HNW market with ‘Select’ launch
Royal Bank of Scotland Insurance has launched into the mid and high-net-worth spaces with a single product/ multi-cover offering, which it plans to sell both direct in-house and through affinity partners.
Natural catastrophes: A model example of assessing earthquake exposure
Earthquake costs are rising steadily. Jane Bernstein examines insurers' current use of modelling, recent event responses and solution sustainability.
Claims update: Calculation challenges
The path for a subrogation claim by Air France was cleared when the French court found Continental Airlines responsible for the 2000 Concorde crash. Frédérique Hardy examines the obstacles and challenges inherent in complex recovery actions.
HNW - film & celebrity memorabilia: No business like showbusiness
The memorabilia sector is a growing market. Veronica Cowan examines why it can be so hard to value items in this burgeoning industry.
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Household - rebuilding costs: DIY SOS
The continued popularity of home improvements, coupled with cover miscalculations, has led to almost 80% of UK homeowners having the wrong level of insurance for their properties, writes Joe Martin.
ABI: cost of flood damage has tripled since year 2000
The cost of flood damage since 2000 has soared by 200% compared with the previous decade, with yet more people set to be at significant risk of flooding, according to the Association of British Insurers.
Biba warns of underinsurance perils
Consumers and businesses could be putting themselves at financial risk by cutting out or reducing key areas of insurance protection, the British Insurance Brokers’ Association has warned.
Jelf launches property offering
Jelf has launched a new proposition aimed at simplifying the insurance process for the property sector.
Commercial property - valuations: Wide of the mark
With recent figures suggesting as many as 77% of buildings are currently underinsured, Rachel Gordon investigates the root causes and potential solutions.
Environmental liability - under-insurance: Clean up your act
Environmental insurance is regularly purchased by companies looking to cover historical liabilities rather than their day-to-day operational risks. Tony Lennon examines the reasons behind this decision.
An overview of the Bulgarian general insurance market
Motor insurance is the engine that pulls forward the insurance business in Bulgaria but, as Kalin Dimitrov reports, there is huge potential for the market to develop in many other areas.
An overview of the Bulgarian general insurance market
Motor insurance is the engine that pulls forward the insurance business in Bulgaria but, as Kalin Dimitrov reports, there is huge potential for the market to develop in many other areas.
Warning over buildings insurance errors
Homeowners are at risk of paying extra for their buildings insurance by falling foul of an error of insuring at market value rather than at rebuilding cost.
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
Vast majority of professionally valued buildings underinsured
Aviva has warned that property owners need to review sums insured to prevent underinsurance as research shows 77% of professionally valued buildings are underinsured.
Fire Risks - Timber Frame: The burning issue
Timber frame construction has seen a massive resurgence in the past couple of years. Stefan Bramwell and Chris Dee look at the benefits and the risks involved.