Claims
IFoA suggests ABSs could replace CMCs in driving claims costs
The number of claims management companies operating across the UK has decreased by 35% over the past year, according the Institute and Faculty of Actuaries.
Quindell deputy chair quits Financial Reporting Council
Quindell’s newly appointed deputy chairman has resigned his position on the Financial Reporting Council with immediate effect.
Sydney hostage siege declared as terrorist act
The hostage crisis that left two dead in central Sydney on 15-16 December has been declared a terrorist act meaning insurers will pay compensation to businesses.
Insurers urged to look beyond underwriting when assessing telematics benefits
Insurers are squandering the benefits of greater data access by failing to recognise benefits beyond underwriting, according to Wunelli director Sandy Dunn.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.
16% of Britons ‘horrified’ by driverless cars
Almost half of British adults would be unwilling to be a passenger in a driverless car while 16% are “horrified” by the idea, according to research from Uswitch.
57 flood warnings issued across UK
Environment agencies for the UK have issued a barrage of flood warnings as the country continues to suffer the impact of Storm Rachel.
Claims Awards Asia: Claims Service Provider of the Year
Sponsored Feature: The winner of the Claims Service Provider of the Year award at the Claims Awards Asia 2014 is Willis Processing Services India.
Asia-Pacific risk managers concerned over increased competition
Increased competition more important but regulation less of a concern in Asia-Pacific last year compared to 2013 according to the latest Allianz Risk Barometer.
Brisbane hailstorm claims top A$1bn
100,223 property and motor claims have been lodged as a result of last November's freak Brisbane hailstorm.
Canopius claims head East resigns ahead of QBE move
QBE European Operations has appointed Canopius head of claims Mike East to the role of claims technical director.
Australian farmer claims A$944,000 for crop failure
The first payout for multi-peril crop insurance in Australia is A$944,000 (£504,000) to a Queensland farmer.
Reputation, cyber crime fears surge in AGCS risk survey
Rising concerns over loss of reputation and instances of cyber crime have dominated the UK results of Allianz Global Corporate & Specialty’s most recent risk barometer survey.
Editor's comment: Je Suis Charlie
On 7 January terrorists attacked free speech by shooting dead 12 innocent journalists and police at the offices of the French satirical magazine Charlie Hebdo.
Historic Child Abuse: Ensuring justice
The increasing number of historic child abuse cases is placing new demands on public authorities, insurers and liability adjusters seeking the truth
Legal update: Mitigation actions could cut your losses
Michael Burns welcomes a court ruling on the effect of a claimant’s action in mitigation of their loss
Fraud Focus: The key issues on the horizon
What measures, technology and legal reforms will be changing the landscape of fraud in 2015?
C-Suite - MGA: 2015: Back to reality
A new phase of uncertainty kicks off 2015 with more woes in the Eurozone and a looming general election
C-Suite - Insurer: Reducing young road deaths
The next government must act to combat the biggest killer of 15 to 25-year-olds in the UK
Malaysia flood damage to cost $560m
The December Malaysia flood damage will cost the Malaysia government $560m (£371m) in repairs.
Flight recorders for crashed Air Asia jet located
Hopes of establishing the cause of the fatal Air Asia Flight QZ8501 crash have risen after both flight recorders were located by Indonesian divers.
Quindell appoints former Helphire chairman and Prudential CEO
Quindell has made two senior appointments to assist in the development of the outsourcing firm's accounting policies.
Indonesia insurers prepare for Air Asia payout
Two Indonesia insurers are preparing to pay out around $70m (£46.3m) as result of Air Asia flight QZ8501 crashing into the sea killing all 162 people on board.
Environment agencies call for ‘immediate action’ with spate of flood warnings
The Environment Agency and the Scottish Environment Protection Agency have issued a dozen flood warnings across the UK as the country braces for further disruptive weather.