Claims
Claims Leakage: Tackling claims leakage
Natural disasters can test claims management systems to the limit, posing significant challenges to insurers
Legal Update: Application of QOCS to Part 20 claims
A personal injury claim over a skiing accident was heard at the Court of Appeal and has clarified issues around qualified one-way costs shifting. Nicholas Thorne explains the ruling.
Claims Awards Asia entry deadline approaches
There is still time to submit your entries for the Claims Awards Asia 2014.
Blog:Insurer ABSs part of claims revolution solution
Tim Roberts examines why insurer-led ABSs could hold the key to tackling fraud
40% of 20 largest ex-nat cat losses in 2013 from oil and gas
Globally, excluding those caused by natural disasters, oil and gas losses were worth $3.2bn (£1.95bn) in 2013.
Crawford’s Burke elected CILA deputy president
Crawford’s senior vice president of global markets Benedict Burke has been elected as the deputy president of the Chartered Institute of Loss Adjusters at the body’s annual general meeting.
US claims giant to buy VRS Vericlaim, Ellis May parent
VRS Vericlaim and Ellis May are to be acquired by US claims specialist Sedgwick in a deal expected to close within 60 days.
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.
Interview: Andy Roberts: Planning world domination
Andy Roberts, group chief executive of Innovation Group, tells Post about his growth ambitions for the global business
GAB CEO Rigby hails 2013 as 'watershed' after pension 'distraction'
GAB Robins chief executive Kieran Rigby has described 2013 as a “watershed” year for the business as it released its first financial results since its pension scheme was accepted into an assessment period for admission into the Pension Protection Fund.
Rehabilitation Awards 2014: The winners
Today, rehabilitation professionals gathered at Le Meridien, London, for the tenth annual Post Rehabilitation First Awards to celebrate their achievements over the past year.
Indian insurers face $107m loss over refinery
A vapour fire explosion at an oil refinery owned by HPCL-Mittal Energy in Bathinda, Punjab has triggered a major claim.
ABI data finds 84 000 bodily injury claims settled in Q2
There were around 84 000 bodily injury claims settled in Q2 2014, according to new data from the Association of British Insurers.
Three quarters of professionals undervalue property and possessions
Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Fraud Focus: Displacement better than cure?
This month saw further proposed changes announced as part of the ongoing reforms of the processes under which whiplash claims are handled.
Claims Club News: Insurers warned that independent Scotland would hit them in the pocket
An independent Scotland would cost insurers more in claims, according to BTO’s insurance group head Bill Speirs, who maintains that proposals to increase earnings north of the border will impact reserves.
Legal Update - Heading down a slippery slope
James Harvey explains how insurers could face additional burdens if other UK courts follow Scotland’s lead when it comes to apportioning liability for trips and falls on public highways
GAB Robins recruits BLM's Doolan to lead London Market development
GAB Robins has recruited from law firm BLM for a new head of London Market, Post can reveal.
Claims Club News: UK firms told to keep an eye on Ireland for PPO regime improvements
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Claims Club News: FCA putting spotlight on commercial cover
The Financial Conduct Authority is likely to raise the stakes on insurers by increasing scrutiny on whether the products customers buy are fit for purpose, amid a “philosophical shift” by the regulator.
German insurers pay out record claims for 2013
Germany’s non-life insurers settled €50bn in claims over 2013, the highest recorded total for a twelve month period.
Industrial deafness ‘the new cash cow’ says ABI
Claimant lawyers and claims management companies are increasingly exploiting industrial deafness claims for maximum cash settlements, according to the Association of British Insurers.