Articles by Chinwe Akomah
Insurers miss out on profits because of poor risk reporting
Around 72% of insurance and risk industry professionals believe the industry is missing out on vital profit due to inefficient risk reporting.
PI broker launches commercial lines smartphone app
A professional indemnity insurance broker has launched a PI smartphone application that allows IT professionals to receive insurance quotes and buy cover.
Stormy weather creates conditions for household rate rise
The recent winter storms in England and Scotland could lead to further rises in household premiums, according to PwC.
Lloyd's Council holds fresh election after Millwater departure
The Council of Lloyd’s will hold another election in the working member constituency following the departure of former Willis president Grahame Millwater.
Buckley Scott teams up with Middle East loss adjuster
Loss adjuster Buckley Scott has agreed a joint venture with Bahrain-based business Alan Henry.
Fraud unit makes first arrest
The insurer-funded police fraud unit made its first arrest yesterday hours after launching.
£9m police fraud unit opens for business
The insurer-funded police fraud unit officially launched today.
NZ quakes hit Christchurch
A string of serious earthquakes have hit the New Zealand city of Christchurch just ten months after the last quake.
Transport Committee's motor insurance report delayed
The Transport Committee has delayed plans to publish its 12th report of the Cost of Motor Insurance by five days to 12 January.
Haverford pulls out of Omega buying talks
Haverford has withdrawn its bid for a share of Omega Insurance Holdings less than a month after making a new share offering.
Survey finds concerns with supply chain insurance
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a survey by the Federation of European Risk Management Associations has found.
Insurers call for "serious" government action on flood risk plan
The Association of British Insurers and its members have called on government to “seriously consider” subsidised flood insurance for policyholders in high risk areas, replacing the Statement of Principles, which expires in 2013.
Law commissions proposals will lead to premium rise, says ABI
The Association of British Insurers fears the law commission proposals on insurance contract law will lead to an increase in premiums.
Philippines storm: Port cities hit by Washi devastation
A tropical storm in the Philippines has killed hundreds and caused flood damage to government infrastructure and commercial properties.
Law commissions open consultation on late claim payments
The Law Commission of England and Wales, and the Scottish Law Commission have called for improved remedies for late payment of valid insurance claims, suggesting insurers pay legitimate claims in a reasonable amount of time.
ABI slams government flood risk plans
The Association of British Insurers has criticised government flood risk plans branding the arrangements “frustrating”.
Thai floods: Crawford predicts claims disputes
Insurers could be lumbered with subrogation costs, reinstatement and difficulties calculating contingency business interruption claims from the Thailand floods.
Garwyn directors out as Barclays invests
Garwyn has scrapped its commercial director role as part of a financial restructure of the business and finance and IT director Ian Chapman has resigned.
RBS tackles huge rise in storm claims
RBS Insurance saw a 1000% rise in storm claims arising from the severe weather in Scotland last week.
Chubb makes four appointments to specialty divison
Chubb Insurance has made four senior appointments for its UK & Ireland specialty insurance division, effective immediately.
Scotland storm: Friedhelm to produce insignificant insured losses
Windstorm Friedhelm, the storm that battered Scotland and the north of England last Thursday, will not produce significant insurance losses despite reaching some of the highest wind speeds recorded in the affected regions.
Garwyn dropped from QBE loss adjusting panel
Garwyn’s UK division has not been selected for the QBE loss adjusting panel next year, Post can reveal.
Storm alert: Southern England to be hit with gale force winds
Stormy weather is expected to batter the south of England later this week, according to GAB Robins.
Carole Nash welcomes new head of compliance and risk
Motorbike insurance broker Carole Nash has hired Lisa Canning as the head of compliance and risks.