Claims
Pool for PPOs splits insurers and reinsurers
Insurers and reinsurers are split over the idea of an industry pooling solution to deal with the size and duration of periodical payment orders, according to a straw poll conducted by actuary Towers Watson.
LAS completes first acquisition since Gresham-backed MBO
LAS Claims Management has completed its first acquisition since its private equity-backed management buyout from Lanes Group Plc in 2010.
Policyholders struggle to pay soaring voluntary excesses
Axa has warned drivers against pushing up excess levels in order to reduce premiums as growing numbers struggle to meet payments.
Flood insurance withdrawal could spark negligence claims against conveyancers
Professional indemnity insurers may face a barrage of claims from home buying advisers such as conveyancy lawyers and mortgage sellers when the ABI Statement of Principles on flood insurance ends.
Insurers face £72m Australian flood losses
Insurers are anticipating losses of £72m and at least 5000 claims from the Australian floods, according to Risk Management Solutions.
Greek debt swap manageable for European insurers
Insurers have written down Greek sovereign debt in line with falling market prices, according to Fitch.
Direct Line Group reviews loss adjuster panels
Direct Line Group has asked loss adjusters on its current panels to submit new prices for work ahead of the existing contracts expiring in July.
Countdown to ISE: Q&A with guest speaker Steve Green
Steve Green, European middle market network leader for Zurich, will be presenting the session on 'Meeting the demands of the mid-market. Are insurers and brokers adequately servicing these clients?' at Insurance Strategy Europe taking place in Brussels…
Middle East guest blog: Pennywise pound foolish in health insurance?
It is not economically feasible for corporate clients to purchase insurance for 'pound-swapping' layers.
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
Q&A Christchurch one year on - New Zealand Earthquake Commission
For the last two years New Zealand has seen an unprecedented number of earthquake incidents, Insurance Insight spoke to Hugh Cowan, general manager for research and education at the New Zealand Earthquake Commission, about how claims in the country are…
Quindell recruits CGU/NU IT merger expert
Acquisitive Quindell Portfolio has appointed the man who oversaw the GA/CGU/Norwich union IT integration, Dave Peffer, to bring together its recent purchases into a single service.
CILA to launch internship programme
The Chartered Institute of Loss Adjusters is marking the 50th anniversary of its Royal Charter by launching a new internship scheme.
Brogden set for Merlin departure
Merlin head of major and complex loss Mike Brogden is to leave the adjuster at the end of the month, Post can reveal.
Your Say: Forecasting for subsidence
The Secretary of State has declared a drought in the south east, while East Anglia has received just 35% of the rain it might usually expect in the first 20 days of February. But this means very little when it comes to predicting the potential cost of…
'Sticking plaster' Statement of Principles distorts flood insurance market
The Statement of Principles was never designed to be anything more than a "sticking plaster", according to James Dalton, head of property insurance at the Association of British Insurers.
Government warned it cannot 'duck' issue of poor being priced out of flood insurance
People on lower incomes could be priced out of flood insurance following the end of the Statement of Principles.
Renewing Statement of Principles will not solve flood cover issue, says Defra
The issue that confronts the insurance sector and government today is not the ending of the Statement of Principles, as renewing it would not solve the problem, but that underwriters are changing their approach to pricing flood risk.
Social media-based broker heralded as five years ahead of the game
While the UK insurance industry is still trying to understand the financial merits of social media, one German online-based broker has already started using Facebook to encourage its users and their friends to sign up for cover.
At-fault payout product could fill 'deliberate' hole in motor market
Concerns have been raised that a new product that "fills a genuine gap" in the motor market could be plugging a hole that has been left deliberately.
Academic paper suggests England learn from Scotland about flood risk prevention
An academic made a splash this week by publishing a paper calling for planners, developers and architects to be held "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Fraudulent claims continue to plague insurers, as index shows rise in cases
Location-specific blackspots indicate overall increase in UK insurance fraud
Christchurch one year on: a forgotten city?
A year on from the earthquakes in New Zealand, while the Christchurch disasters may be slipping out of public consciousness, the work to rebuild the city continues.
A winning combination: interview with Paulino Fajardo and David Pollitt
Davies Arnold Cooper and Beachcroft merged in late 2011 under the DAC Beachcroft banner. Paulino Fajardo and David Pollitt discuss the tie-up and their plans for the future.