Claims
Market Moves: Insurers take the week’s spoils as Ace leads recruitment surge
This week, insurers were on top, with Ace, Covéa and Liberty Mutual among the firms to have tied up deals to bring in new faces.
Loss assessor Thompson & Bryan bought from administration
Troubled loss assessor Thompson & Bryan has been rescued from administration by former Harris Balcome partner Paul Lawrence, who has purchased the intellectual property and work in progress.
In Series: Personal Lines: Getting the balance right
Insurers are deploying fraud detection measures earlier, in an attempt to reduce exposure, while still providing a good customer experience. by Graham Odiam
In Series: Personal Lines: First line of defence
Insurers should embrace the power of data to detect and prevent fraud at an early stage.
Law Society: whiplash inquiry is not fair
The Law Society has said the Transport Select Committee’s whiplash inquiry is hearing only the insurers’ side of the argument on whiplash.
View from the Top: The end of boom and bust
I was recently thinking that I may never see another overall hard market cycle in my lifetime and we have speculated here that new forms of investment and rapid capital deployment could have a major impact on the market if more consistently applied.
View from the Top: Protect young drivers now
We need a combative strategy to reduce the risk of catastrophic accidents, says Tom Woolgrove, managing director of personal lines, Direct Line Group.
Expert Analysis: Making changes
Price comparison sites are making changes to the way they operate, embracing telematics and moving into new product lines.
Axa names Agrical as lead farming and agricultural adjuster
Axa has appointed specialist loss adjuster Agrical as its lead chartered adjuster for farming and agricultural claims.
Telematics helps The Co-Op recover 92% of stolen vehicles
Telematics devices have facilitated the speedy recovery of stolen vehicles, according to Wunelli.
Ex-Airmic chair Taylor joins Ascot board
Ascot Underwriting has appointed Paul Taylor as an independent non-executive director and chair of it’s risk committee.
Bird flu spreads; cases rise to 60; 13 dead
The number of cases of bird flu continues to rise in China, but there is still no evidence of human to human transmission.
Insurance fraud up 7% in 2012
Insurance fraud increased by seven per cent last year, with 12 in every 10 000 applications and claims in 2012 found to be fraudulent, according to Experian.
Manslaughter charges over Lamma Island ferry accident
The captains of the two vessels which collided off Lamma Island in Hong Kong on 1 October have been charged with manslaughter.
Employees' compensation: Hong Kong headache
Nicky Burridge finds out why employees' compensation is causing such a big headache for insurers in Hong Kong.
GAB Robins’ pensions capped as regulator takes stake in firm
GAB Robins UK has secured its future after striking a deal with The Pensions Regulator and its scheme’s trustees to eliminate its pension liabilities, with the public body taking an equity stake in the loss adjuster.
Post magazine – 11 April 2013
The latest edition of Post magazine is now available to subscribers as a digital and interactive e-book.
Saffron Insurance teams up with Vamco
Saffron Insurance has appointed Vamco to provide a full-service external claims handling service across its client portfolio.
Lorega extends Broker Network deal
Broker Network and Countrywide have extended their relationship with Lorega through the launch of a household loss recovery insurance product.
Leader: A fresh start
So, spring has sprung; daffodils are in bloom, chicks and lambs are being born and even the insurance industry is seeing some stirrings of green shoots – even if the weather doesn’t quite agree.
Scottish Future: Extending damages time
Insurers north of the border may soon be having to keep claims on their books for much longer, says Laura Brain.
Legal reforms: Damage to the system
While the Jackson reforms may reduce the cost of civil litigation, they could have unintended consequences for the insurance industry.
Commentators question new Davies CEO Saulter’s claims credentials
Former Davies chief executive Charles Crawford has backed the long-awaited appointment of his successor at the loss adjuster in the shape of Towergate’s group mergers & acquisitions boss Dan Saulter.
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…