Claims
ABI predicts St Jude storm to cost insurers £130m
The Association of British Insurers is estimating insurers will have to pay out £130m to policyholders following last week’s St Jude storm.
XL swoops for AIG’s Europe claims boss
XL has recruited AIG’s chief claims officer for Europe to replace the outgoing Graham Lambourne as head of international P&C claims.
Crawford sees Q3 global revenues drop as Thai flood claims taper
Adjusting giant Crawford has seen its total consolidated global revenues fall 3% in the third quarter of 2013, with the Europe, Middle East, Africa and Asia Pacific regions witnessing revenues tumbling by 12%.
Your Say: Give brokers the backing they need
The news reported by Post that general insurance is now second only to payment protection insurance in the volume of complaints received and upheld by the Financial Conduct Authority is, on the face of it, a damning criticism of our industry.
C-Suite: After the storm
The response by insurers in the aftermath of St Jude showed the importance of the industry.
Legal Update: Whiplash Claims: Lack of action by government on small claims limit gives time for constructive talks
Alistair Kinley says the government’s latest motor measures have little connection to insurance claims and whiplash and there is a failure to implement Transport Select Committee recommendations.
IFB unveils three point rogue CMC plan
The Insurance Fraud Bureau has revealed a new three point plan for tacking for claims management companies involved in insurance fraud.
Insurers to pay out £130m for St Jude storm losses
The Association of British Insurers has revealed the industry is expected to pay out £130m to customers hit by St Jude’s day storm.
Pet Insurance: Paws for thought
The cost of pet insurance claims has skyrocketed in the past five years, prompting some insurers to withdraw from the sector altogether. How can those that remain respond to the difficult market conditions?
Brokers crucial to target sole trader underinsurance
Over 180,000 sole traders are operating without insurance, according to new research by LV Broker.
AA granted ABS licence
The AA expects to have its own legal services business up and running by the end of the year after being granted an alternative business structure licence by the Solicitors’ Regulation Authority.
Groupama and Ageas complete part VII transfer
Groupama has transferred 1.5 million policies and net assets of £160m to Ageas via a Part VII insurance business transfer.
Windstorm unlikely to impact UK insurers' performances, predicts AM Best
UK non-life insurers remain on course to post strong overall performances in 2013, despite last week’s windstorm, according to a report from AM Best.
EY: Household premiums likely to rise in 2014
Household insurance premiums are under pressure and likely to rise in 2014, according to EY.
Europe-wide Windstorm Christian losses could hit €1.3bn
Losses from a storm hitting Northern Central Europe could top €1.3bn according to latest estimates from Willis Re.
Questgates launches hub in preparation for seasonal surge
Questgates has upped its third party property damage response by launching a dedicated hub to help insurers manage a potential increase in workload over winter.
MOJ portal fails to stem rising legal fees
The costs of claims for private motor insurance rose by 7% last year despite a 15% drop in quoted premiums.
XL parts with claims head Lambourne
XL’s international P&C claims head Graham Lambourne has departed the insurer.
Energy laws may drive fake property claims says Crawford
Adjusting giant Crawford has warned that new rules on energy efficiency may drive landlords of vacant properties to make false property damage claims.
DAC Beachcroft launches Scottish fraud team
DAC Beachcroft has extended its claims validation team services into Scotland, establishing a specialist fraud team at its Glasgow office.
Grandmother facing jail after contempt conviction over injury claim
A grandmother could be facing a jail sentence after being found guilty of contempt of court for exaggerating the extent of a personal injury claim.
Data concerns prompt IUA professional lines questionnaire
The International Underwriting Association has published a new questionnaire for the submission of professional lines business.
Threat of closure looms for 153 law firms ahead of final PI deadline
The Solicitors Regulation Authority has revealed 153 solicitors firms have gone into the extended policy period after failing to secure professional indemnity cover.
CPP reserves £55.8m for mis-selling payouts
Credit card insurer CPP has set aside £55.8m for mis-selling payouts, City AM has reported.