Claims
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.
Post Magazine - 31 October 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Insurers frustrated as MoJ defers increase in small claims track threshold
Justice Secretary confirms medical expert panels will be introduced for whiplash.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
Career development: Marsh young claims professionals event
Broking giant Marsh sold out its first event for young claims professionals earlier this month.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
McLarens partners with environmental adjuster
Global loss adjuster McLarens has partnered with US-based Global Risk Solutions, which specialises in environmental claims.
Opportunistic Fraud: Zero tolerance
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
North of the Border: Jury still out on court reform plan
It’s been called a “great project of civil court reform” by Lord Gill, and it is true the draft Court Reform (Scotland) Bill is a significant part of the Scottish government’s programme to overhaul and update Scotland’s justice system.
C-Suite: Crystal clear on cyber crime cover
The industry needs to foster greater understanding and awareness of the very real threat of cyber crime.
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Highlights from The Claims Event 2013
With the birth of the new regulator and major regulatory changes, The Claims Event 2013 was a key conference for claims professionals to attend this year to learn about the latest industry developments.
St Jude claims unlikely to halt falling premiums
Damage to homes in the south and southwest as a result of storm St Jude is unlikely to be significant enough to halt the downward trend of household premiums, according to broker AA Insurance.
The importance of excellence in claims management
Challenged with the impact of doing business in a difficult economic environment, is it any wonder that the term ‘going back to basics’ has become more common place in the board rooms of companies?
New South Wales bushfires to cost insurers AUS$145m
The Insurance Council of Australia has estimated AUS$145m of damage from the New South Wales fires which ripped through the Blue Mountains over the last two weeks.
Des Hudson slams ABI for lack of cooperation on fraud fight
Law Society’s chairman Des Hudson has criticised the Association of British Insurers for its “lack of cooperation” in the fight against fraud.
IAG moves quickly over bushfires
IAG has settled over half of 600 total loss claims from the devastating bushfires in New South Wales.
PI firms “too quick to sell off their WIP”
Personal injury firms looking to exit the market are failing to maximise the value of their work-in-progress, according to Citadel Law.
Ex-Oval boss Herdman named Prism Network chairman
Former Oval group managing director Jeff Herdman has been named non-executive chairman at building repairs specialist Prism Network.
Zurich appoints Colmenares' successor
Zurich has appointed Duane Perkins to lead the general insurance claims team in the Asia-Pacific region after David Colmenares' departure to South America.
Expert panels won’t deter fraudsters says Smart Witness
The Ministry of Justice’s plan to introduce independent medical panels for reviewing whiplash claims is set to fail, according to road accident firm Smart Witness.