Claims
Efra chair pushes alternative flood-risk proposal as SoP pressure mounts
The possibility of using a proportion of insurance premium tax to subsidise a pool of last resort for flood-prone homeowners has been championed by the chair of the Environment, Food and Rural Affairs Committee.
Career File: Ben Fletcher lands IFB director role
The Insurance Fraud Bureau has appointed head of operations Ben Fletcher as its new director.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
ABI slammed for using failed argument to derail Welsh asbestos Bill
The Association of British Insurers has been criticised for fighting a proposed asbestos recovery costs Bill in Wales with a failed argument already overturned in Scotland.
Politicians seek MoJ talks after insurers warn portal delay could hit consumers
Insurers have warned politicians any delay in extending the remit of the Road Traffic Accident Portal could see consumers picking up the bulk of an expected multi-million pound bill.
Penny Black's insurance week
Penny loves to see a bit of initiative, and what could be more proactive than penning a letter to the editor of a trade magazine as a step towards gaining entry to the sector?
View from the Top: Sending a message
Tougher sentencing in insurance fraud cases can act as a deterrent to potential fraudsters, says Ron Smith-Wright.
Small claims limit for PI likely to rise above £5 000 says Grayling
Justice Secretary Chris Grayling has confirmed the small claims limit for personal injury claims is likely to be increased from the current £1 000 to £5 000.
Solar storms could spark hefty insurance payouts in 2013, claims report
An Aon Benfield report claims that extreme solar weather over the next twelve months could lead to significant disruption to business communication systems, resulting in large insurance claims.
Elite to refer Sabre to FSA over 'dirty tricks' letter campaign
After the event insurer Elite has confirmed it will be referring motor insurer Sabre to the regulator over what it describes as a “dirty tricks campaign” to convince claimants to cancel ATE policies.
Vamco claims outsourced motor ‘first' as it gains ABS approval
Outsourced motor insurance claims specialist Vamco has been granted approval to operate its own in-house law firm.
CMCs process £89m of the £136m FSCS paid in PPI claims
The Financial Services Compensation Scheme has paid out almost £136m in miss-sold pay protection insurance claims since 2008, with over £89m going through claim management companies.
Cunningham Lindsey director Jonathan Clark departs to join Scor
Cunningham Lindsey UK technical director Jonathan Clark has left the recently recapitalized loss adjuster to join French reinsurance group Scor.
Foil CEO and Cunningham's Roberts join Camford Sutton
Claims consultancy Camford Sutton has enlisted Foil CEO Laurence Besemer to serve as one of its associates.
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
BLM appointed to government Litigation Panel
Berrymans Lace Mawer has been appointed to the General Litigation Lot within the Government Procurement Service Legal Services Framework Agreement – a framework agreement designed to provide a wide range of legal services.
$400m satellite loss biggest in market history
The destruction of a satellite during launch last week is believed to be the largest insured loss in the history of the space market.
Accident Exchange retrial possible in light of "fresh evidence"
Four test cases that found Accident Exchange had charged Axa excessive hire rates could be retried, the Court of Appeal ruled today.
90% of London market claims processed electronically
The use of electronic claims files in the London company market is much more extensive than previously stated, according to the International Underwriting Association.
London insurance market's progress with ECF understated, claims IUA
The use of electronic claims files in the London company market is much more extensive than previously stated, according to new analysis by the International Underwriting Association.
Allianz: increased number of clinical trials raises underwriting issues for insurers
The rising number of clinical trials poses significant challenge for insurers, according to Allianz Global Corporate & Specialty.
Covéa deal offers a mobile repair solution
Covéa Insurance has signed up to Auto Restore’s combined national mobile and fixed repair solution to provide its customers with a seamless journey from the point where they register the claim through to a choice of type of repair service, time and…
Asian Development Bank calls for government disaster risk financing initiatives
With only 5% of disaster losses insured in Asia, the Asian Development Bank wants Asian governments to offer risk financing instruments such as catastrophe bonds to help with disaster resilience.
Insurance Insight Q+A: Mark Saunders, Towers Watson
Insurance Insight interviews Mark Saunders, managing director, Hong Kong and managing director for the insurance sector, Asia Pacific at Towers Watson.