Claims
Customers hit by flooding get policy extension from Euler Hermes
Trade credit insurer Euler Hermes is offering a 30 day policy extension for clients hit by Storm Desmond or subsequent flooding.
Storm Eva to bring more rain to northern England
More bad weather and possible flooding is on its way to northern England ahead of Christmas, with Storm Eva set to bring heavy rains and up to 70mph winds in coming days.
Unrecovered stolen vehicles cost insurers £450m last year
Stolen vehicles not recovered by police represent an estimated £450m cost to insurers in 2014, based on figures from a Freedom of Information request by anti-fraud company Asset Protection Unit (APU).
Watchstone shares skyrocket as ex-Quindell investors receive pay-out
Shares in the business formerly known as Quindell have skyrocketed following the re-named Watchstone Group’s re-entry onto the junior AIM stock exchange.
Covéa reports 180% increase in claims volumes after floods
Covéa Insurance has experienced a 180% increase in claims volumes to date as a result of Storm Desmond which hit North West England on 5 and 6 December.
Blog: Why resilient repairs are the long-term solution
In the immediate aftermath of this month's floods in Cumbria, the focus of the locals and the press was on the flood defences and how they had performed - or not performed, as it was perceived.
Aviva notes 19% rise in cash for crash as 4000 suspect claims are studied
Aviva has revealed it is looking into more than 4000 suspect whiplash claims after confirming it received five of the 28 fraudulent claims involved in a major cash for crash ring in Wales that cost insurers more than £763,000.
Insurers pay millions to those hit by Storm Desmond
Insurers have paid out £2.6m in emergency funding and housed 1500 families in alternative accommodation following Storm Desmond, according to analysis by the Association of British Insurers.
Man-made disasters increase insured losses
Total economic losses from natural and man-made disasters will hit approximately $85bn (£56bn) this year, with $32bn of those losses covered by insurance.
High Court PI claims at a five year high, law firm finds
The number of personal injury claims at the High Court has reached its highest level in five years, according to figures obtained by law firm Nockolds.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
QBE succeeds in £500,000 contempt of court action
QBE has won a £500,000 contempt of court action against a customer, who was sentenced to an immediate three month custodial sentence on 15 December.
BLM becomes ABI’s first associate member
Law firm BLM has become the Association of British Insurers’ first associate member.
Insurers should prepare for claims after MPs' fracking decision
Insurers must brace themselves for claims from disgruntled homeowners and businesses following MPs voting today (16 December) to allow fracking under national parks in the UK.
Review of the Year: Legal
For insurance lawyers, 2015 has been marked by the Medco portal going live in a sustained effort to reform whiplash claims. But the year has also seen major rulings regarding aggregation, costs and rates, all expected to have wide-ranging implications.
AA disputes Storm Desmond will lead to home premium hike
AA Insurance does not expect claims from Storm Desmond to result in widespread home insurance premium increases because the expected £250m of claims from the event are below the £1bn of claims needed to trigger across-the-board increases.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
Ex-LAS director Marshall joins former colleagues as MD of Evolution
Former LAS Claims Management client operations director Ritchie Marshall has become the latest former LAS senior staff member to reunite with company founder Darren Cooper at his new venture, Evolution Claims Management.
Blog: Drones prove their worth in Desmond floods
In the wake of Storm Desmond, loss adjusters have been using drones to provide an aerial view of the flood-stricken areas. They've started only recently experimenting with the technology and, initially, there was a school of thought that it's a ‘nice to…
German investment firm snaps up one third of Stream UK
Stream Claims Services UK is gearing up for a year of organic growth ahead of future acquisitions in 2017 after a third of the business was sold to German venture investment firm Tiburon.
Slater and Gordon MD Grech warns government over RTA reform “backlash"
The boss of one of the UK's leading claimant law firms has warned about the "unintended consequences" if the government goes ahead with the reforms outlined in the Autumn Statement to combat compensation culture.
Christmas burglars favour bicycles
Bicycles top the list of the most common items stolen in the Christmas period, followed by mobile phones, tablets and laptops, according to recent research.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?