Claims
Apil urged to 'put words into action' on whiplash fraud elimination plan
The Association of Personal Injury Lawyers' often frosty relationship with the insurance industry has shown signs of thawing after its proposal for eliminating fraudulent whiplash claims was met with tentative approval.
Plumeri puts Sandy industry losses at $50bn
Outgoing Willis chairman and chief executive Joe Plumeri believes that insured losses arising from superstorm Sandy could be up to 10 times higher than the early industry estimates of $5bn (£3.15bn).
Post magazine - 15 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Solar flares threaten to leave underwriters in the dark
Power and utility underwriters might not be aware of the threat of solar flares to the world's electrical generation infrastructure, warned lawyers and space weather experts.
Gender directive to price 25% of women off the road
Female drivers could be forced off the road when the new European gender ruling comes into force 21 December 2012.
Editor's comment: Harmony at last? Maybe not...
Last week was busy for insurers at Parliament. First, something unusual happened in Westminster's corridors of power that could spell good news for the insurance industry.
Analysts point to Go Compare MBO as Esure prepares for IPO
Commentators believe it is "no coincidence" that Go Compare is to strategically review the business as its major shareholder Esure gears up for a float, some suggesting that the aggregator might stage a management buyout.
Markel places collectables cover on broker e-trading system
Specialist insurer Markel UK has launched the first personal lines product on its broker e-trading system.
Citizens Advice calls for clampdown on CMCs
The Citizens Advice Bureau has called for a ban on cold-calling by claims management firms after a survey revealed that nine out of 10 people were plagued by them in a 12-month period.
Woodgate & Clark named adjuster of the year
Woodgate & Clark was the big winner at the inaugural Post Magazine Loss Adjusting Awards, scooping the gongs for Best Overall Service in Major Loss and Adjuster of the Year 2012.
Government launches consultation to use MID as insurance evidence
Drivers could benefit from less motor insurance red tape after a government consultation to scrap the legal requirement to issue paper-based certificates was launched today.
Scor attributes £5.7bn GWP to a 'robust' business approach
Global reinsurer Scor delivered a 13% jump in gross written premiums to €7.2bn (£5.7bn) in the first nine months of the year owing to "increased visibility in the industry".
QBE scales back profit margin estimates as Sandy losses swell
Global insurer QBE has estimated its insured losses from super storm Sandy will be between £220.4m ($350m) and £283m ($450m).
RSA on alert after man appears in court a year on from M5 crash
RSA will "continue to monitor matters closely" after the provider of a fireworks display at Taunton Rugby Club was charged with seven counts of manslaughter following a pile-up on the M5 last November.
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
Charles Taylor to buy life business in £1.55m deal
Charles Taylor is to acquire Global Life Assurance Limited from Pinnacle Company Limited for £1.55m.
Axa unveils legal service for SMEs
Axa Commercial Lines and Personal Intermediary has launched a legal, regulatory and compliance service as standard on its management liability product.
CILA appoints first female deputy president
Candy Holland, managing director of JLT subsidiary Echelon Claims Consultants, has been appointed deputy president of the Chartered Institute of Loss Adjusters.
Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
MPs call for Financial Conduct Authority to regulate CMCs
MPs spoke in favour of referring Claims Management Companies' conduct to the incoming Financial Conduct Authority during a debate at Westminster Hall.
Service failures by outsourcers number three cause of supply chain disruption
Outsourcing failure is now a significant cause of supply chain disruption, according to a report by Zurich.
'No more cold calling customers,' new Mass chairman urges ahead of motor claims code launch
The Motor Accident Solicitors Society is to launch a package of reforms in a new motor claims code in a bid to boost the rights of the consumer.
Environmental risk concerns top list for mid-size European companies
Environmental issues are climbing the corporate risk agenda in Europe, according to Ace Group.
MoJ must take its foot off the brake on whiplash debate, demands ABI boss
The Association of British Insurers has cranked up pressure on the government to publish its consultation on whiplash, one month after the Ministry of Justice confirmed that progress had stalled.