Claims
Spanish Supreme Court ruling puts paid to 14-year dam legal battle
The Supreme Court in Spain has ruled that the 1998 rupture of the Aznalcollar tailings dam near Seville, Spain, was not caused by a fault in the design of the dam.
Motor claims: Insurers must 'get their own house in order' over motor claims
Amid the public furore regarding escalating premiums and calls for greater consumer education on the rising cost of motor claims, some have suggested that the emphasis must be shifted back on to behaviour within the industry.
Video is next step for telematics
Technological advances in the world of telematics are expected to continue apace, following the claim that miniature in-car cameras could soon be installed to identify the number of potential claimants.
Rate rises could see upturn in market performance
The industry could see an upturn in the motor market this year, if rates continue to rise faster than claims inflation, but it ultimately hinges on whether insurers release or strengthen reserves.
Motor claims: Senior Labour MP dismisses LASPO as a ‘Christmas Tree’ Bill
The Legal Aid, Sentencing and Punishment of Offenders Bill has been criticised for limiting access to justice for poorer claimants and disguising the abuses of insurers and claims management companies as a compensation culture.
Market moves: MGAs making the moves
This week the recruitment space belonged to managing general agents.
Post Intelligence Benchmarking Financial and Professional Lines: Positive experience
The Insurance 360 Financial and Professional Lines report found standards to be high.
RTA Portal extension divides opinion due to lack of clarity and timescales
ABI welcomes changes but industry raises concerns over timescale for implementation.
Career development: CILA launches new diploma
The Chartered Institute of Loss Adjusters has launched a new claims handling diploma.
Market fears for unintended consequences as first ABS approval nears
The first alternative business structure could be greenlighted as early as next week.
Immediate medical triage may cut whiplash costs
Treatment Network boss Jonathan Cook told delegates that offering whiplash claimants immediate medical triage when they first phoned in their claim prompted 15% of callers to "spontaneously recover" from their injuries.
Government rules out legal curfew for young drivers
The government has dashed insurer hopes of legal intervention to curtail and curfew young drivers.
Comment: ELTO is not fit for purpose
Improvements are needed to help people trace their insurance policies, says Peter Watson, managing partner at Simpson Miller.
Law report: Assault by employee cases have contrasting outcomes at Court of Appeal
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Subcontractor was in clear and deliberate breach of order
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Common sense over costs result
This law report has been contributed by national law firm Berrymans Lace Mawer.
Post magazine – 16 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
The Co-operative and Zurich keen to move on PM motor premium initiatives
The Co-operative is hopeful the insurance summit with Prime Minister David Cameron will lead to stamping out fraudulent personal injury claims while continuing to settle genuine ones.
Business continuity plans can save companies, Biba research reveals
New research from the British Insurance Brokers’ Association and the Cabinet Office has revealed business continuity plans are likely to stop companies from failing after a major disruption such as a flood or fire.
New year European windstorm damage estimated at €267m
Perils has today disclosed an initial loss estimate for windstorm Andrea, which occurred in Western Europe from 4-5 January 2012, of €267m.
Law firm accuses PM motor premium war of limiting access to justice
Spencers Solicitors fears the Prime Minister's approach to tackling the rising cost of motor insurance will "chip away at the public's right to justice under the law".
Lloyd's takes $2.2bn hit for Thai floods
Lloyd's of London estimates its net claims from the flooding in Thailand last year to be $2.2bn.
Lloyd's puts Thai flood losses at £1.4bn
Lloyd's has estimated its net claims from the flooding in Thailand last year to be $2.2bn (£1.4bn).
Law firms' ABS will lead to M&A activity
Alternative business structures that allow non-lawyers to control and own law firms will result in a frenzy of mergers and takeovers, according to the latest Insurance Market Update from Deloitte.