Claims
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.
Axa: fraud adds £607 to a home claim
Axa Personal Lines says it has seen an ongoing rise in the number of people exaggerating their home insurance claims.
Middle East guest blog: Consumer protection my foot
The insurance broking fraternity in the United Arab Emirates met on 9 February to discuss how, through concerted effort, they can enter into a meaningful dialogue with the UAE Insurance Authority to reverse the recently released, notorious Directive 2.
To ‘E’ or not to ‘E’ – that is the question?
As the European insurance industry slowly starts to emulate the UK and adopt e-trading, Simon Ronaldson asks how European insurers can learn from the experience of their more mature counterparts.
Q&A Peter Solloway
Peter Solloway, business development manager for Continental Europe at FM Global, pictured, spoke to Stephanie Denton about the challenges facing the French insurance market including exposure to nat cats, supply chain issues and distribution challenges.
Countdown to EIS: Q&A with panel member Jose Manuel Dias da Fonseca
Josè Manuel Dias da Fonseca is chairman of Brokers Link and president of MDS Portugal and Brazil and will be taking part in a panel debate on the varying role of the broker across Europe at Insurance Strategy Europe taking place in Brussels on Wednesday…
Further Cunningham Lindsey staff at "risk of redundancy"
Three staff at Cunningham Lindsey's managed contractor network Oriel are facing redundancy, the loss adjuster has confirmed.
Fraud register to launch in July
The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.
Allianz extends Scalepoint contract
Allianz Insurance has signed a new three-year contract with claims management provider Scalepoint.
Government announces RTA portal extension
The Road Traffic Accident portal for motor personal injury claims will be extended to include claims worth up to £25 000 and, for the first time, employers’ and public liability claims.
Claims growth outstrips premium increases in Cambodia
Although premium revenue for Cambodia's six big insurance companies rose 19% last year, total claims grew 178%, according to official data from the General Insurance Association of Cambodia.
Roundtable: Turning the focus onto casualty fraud
While the motor sector has tended to grab the headlines, fraud is on the rise in other areas too. Post gathered together a number of industry experts to debate how the profile of this issue in the casualty sector can be raised
Employers’ liability: A fund of last resort
The need for a fund of last resort for employers’ liability claims still divides the insurance community. While plans to create an Employers’ Liability Insurance Bureau have stalled, it still has supporters who are determined to see these proposals come…
Liability - Cosmetic treatments: Smoothing out the wrinkles
With a rise in cosmetic treatments, there is more scope for problems, as the recent PIP implants scandal has shown - whether it is clinical negligence or a product defect, insurers must be wary.
Career file – Russell Crewe: LAS snaps up Merlin director
Former Merlin director Russell Crewe is to join claims management company LAS as an operations director after a period of gardening leave.
Insurers rally to hail their technologies as Avantia claims flood risk first
The competition to get the upper hand in the use of sophisticated data to underwrite flood-prone properties has already started, as it seems increasingly unlikely the Statement of Principles will be renewed beyond June 2013.
Editor's comment: Speculation turns into action
The chatter around ‘Tesco Law’, alternative business structures and law firm consolidation appears to be getting louder each week as another eye-opening deal is unveiled to the media.
Ecclesiastical rolls out church alarms in crackdown on metal theft
Charity and heritage insurer Ecclesiastical is to spend £300 000 fitting wireless church roof alarms in every diocese in England and Wales after a successful initial pilot.
ELIB could materialise if ELTO is not a success
Claims Club members have expressed concerns that the Employers' Liability Insurance Bureau could be introduced if the Employers' Liability Trading Office is not an overriding success.
Government deregulation puts sprinkler legislation on back burner
Insurers have been told to prepare for government apathy over mandatory sprinklers legislation and, at best, expect piecemeal change.
Market moves: All change in the boardroom
Underwriters were the most active recruiters this week, with Ace leading the way with two major appointments. Meanwhile, Brit, Lloyd’s Channel Syndicate and Whittington Capital Management also added to their ranks. While the broking space was relatively…
Child abuse claims: Victims facing uphill battle for compensation
Local authority, church and legal expenses insurers have a role to play in sexual abuse litigation. However, government reform and a recent legal ruling may see this change.