Claims
Ai Claims recommends Quindell takeover
Ai Claims has recommended accepting Quindell's takeover offer announced on 2 April 2012.
Belfor names former Munters president Philips as UK MD
Alasdair Philips has been named as the new managing director for Belfor in the UK.
Biba demands action on whiplash claims
The British Insurance Brokers Association has called on the government to commit to a timescale and announce details of its work to reduce the number and cost of fraudulent whiplash claims.
Philippine Prudential reports hike in microinsurance payouts
Philippine Prudential Insurance company paid more than P22m (€391,000) worth of claims in 2011, a significant increase on 2010 when payouts totalled P2.49m.
Natural disaster: Filling the $254bn insurance gap
The problem of underinsurance has been seen with a number of natural catastrophes recently. Lucia Bevere explains why relying on governments as a last resort is a risky strategy, and what insurers can do to tackle this area.
Direct Line and Helphire to resume fight over Autofocus evidence
Direct Line and Helphire are due back in court in June a month after the insurer objected to the credit hirer accessing information on Autofocus.
Liberty offers better car after write offs
Liberty Insurance in Ireland, which took over the Quinn business, has said it will replace written off cars with a newer model or one worth 20% more.
ABI demands government action on costs
The Association of British Insurers has called for action to tackle fraud and reduce legal costs in motor claims after the government responded to the Transport Committee's report on rising premiums.
Davies swoops for liability adjuster Ufton
Private equity-backed loss adjuster Davies has bought liability and construction specialist Ufton Associates.
Zurich, CNA and Liberty International join NCC cyber group
Information assurance firm NCC Group has launched a forum to work towards establishing a minimum security standard for the uptake of cyber insurance.
CPS to decide on Autofocus fraud charges next month
The Crown Prosecution Service is to decide next month whether it will bring a fraud case against the seven former Autofocus employees who Accident Exchange will apply to commit to prison for contempt of court.
Marr heads First Central fraud team
Former Insurance Fraud Bureau director Glen Marr is to head a new 29-strong cross-business counter-fraud team for insurer First Central.
Indian court says firm must pay claims in cheque bounce case
India's Supreme court has upheld an insurance company's obligation to pay third-party claims, even if the insured's premium has gone unpaid.
Insurers criticised for using undefined term to reject drain claims
Drainage insurance expert Drain Claim has called on home insurers to explain the term 'serviceable' used to reject claims.
Penny speed meets ... Mihir Pandya, fraud manager, Allianz Insurance
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own 'speed…
Travel insurance: Expedition exclusions
With the popularity of overseas breaks showing no sign of abating, travel cover has the potential to grow. However, insurers in the sector are never far from controversy.
In series Competitive edge: Pinpoint positioning through geospatial and big data
The insurance industry must combine a geospatial approach with big data analytics to stay ahead of the competition.
View from the top: Business continuity needed for SMEs
Only 39% of SMEs have business interruption cover in place.
Legal analysis: Brokers should rethink fee structure in light of duty of care ruling
The ruling earlier this month in which a judge in the Royal Court of Jersey awarded damages of £528 500 against a leading insurance broker demonstrates that perhaps brokers need to charge more for their services as well as reconsider their role and…
Private equity: a new wave of investment
A new wave of private equity investment is entering the insurance market on the back of tougher bank lending terms. But is it here to stay?
Zurich campaign to abolish damages for fraudsters draws industry support
The potentially ground-breaking decision by Zurich fraud bosses to take their fight to refuse payment on the genuine element of a fraudulent third-party claim to the Supreme Court has drawn praise from industry peers.
In series Competitive edge: Big data, big deal
Insurers welcome the availability of more information on their insureds, but the handling of so much data presents many challenges.
Editor's comment: Shaking up the market
Two of this week's market stories - emanating from opposite ends of the insurance supply chain, and arising from both home and abroad - carry the potential for significant shakeup in the months to come.
Post magazine - 19 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.