Claims
Penny Black’s insurance week
Although more accustomed to fine dining and a spot of opera, Penny accepted an invitation from Towergate’s Marc DonFrancesco for a slap-up steak, washed down with some rock ‘n’ roll.
Editor's comment: Coming back to bite
Confident words have a nasty habit of coming back to haunt you – as Admiral’s CEO Henry Engelhardt discovered to his cost this week. From stockmarket darling to deep disappointer inside nine months, the motor-focused UK insurer has certainly suffered a…
Merlin confirms approaches after refinancing
Loss adjuster Merlin has admitted to receiving “approaches from interested third parties” about acquiring the firm — just 21 months after it was refinanced by banks.
Stonepoint to reduce interests in Cunningham Lindsey and Lockton
Global claims management group Cunningham Lindsey and broker Lockton International are both looking at options that may see private equity giant Stonepoint Capital divest or reduce its interests in the groups, Post understands.
Tottenham MP blasts insurer response to riots
Zurich has been forced to defend its alleged “woeful” response to the riots as small businesses fail to “fully understand” how to claim government funding.
News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
Market moves: Setting the trend
Insurer MMA was the main recruiter this week, with the firm naming five new staff across its regional office network. The moves set the trend among fellow underwriters, with high-profile appointments at Groupama, DAS and for Markel’s fledging operation…
Fraud: On the side of the angels
When investigating claims fraud, insurers must not overstep the mark and remain transparent, empathic and ethical.
Your say: Unpalatable truth
The article by Amy Ellis concerning so called ‘referral fees’ paid by contractors’ networks takes up a subject that has been central to the concerns of some in the loss adjusting profession for many years
Claims - Board representation: Staking a claim
Claims representation at insurer board level may remain a relative rarity — but is it a business critical necessity or a luxury?
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
Data usage: Made to measure
Can insurers rise to the challenge of utilising multiple real-time data sources to maximise sales while minimising exposure?
Post magazine – 17 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital…
Japanese quake and Thai floods create double BI blow
Insurers covering Japanese earthquake losses are facing unexpected increases in business interruption claims from manufacturers who moved production and sourcing of supplies to Thailand, according to law firm Reynolds Porter Chamberlain.
Ageas provides weather warning service for customers
Ageas has partnered up with WeatherNet, a source of weather data and information, in a move to help its customers prepare for potentially bad conditions.
Beazley forecasts profit despite cat losses
Specialist insurer Beazley still expects “to deliver an underwriting profit in 2011” despite catastrophe losses.
Insurers combat fraud and risk with increased software investment
Worldwide revenue at business analytics software and services provider SAS grew 25% over this time last year, as insurers battle with increasing volumes of data, and protecting both profits and customers from loss exposure though fraud and risk.
Phone app launched for motor claims
A start-up company of legal, finance, vehicle recovery and insurance workers has created a smartphone app called iAccident to collect claimants’ data at accident sites.
European floods defy categorisation
Catastrophe modelling firm AIR Worldwide has said the storm that caused flooding in France and Italy earlier this month has led to 36 municipalities in France categorising it as a natural disaster.
AM Best warns of Thai floods hitting BI
AM Best has warned that Thailand’s ongoing flood disaster will trigger significant commercial and business interruption losses to manufacturing and supply chains in global markets.
CILA’s claims certificate gets accredited
The Chartered Institute of Loss Adjusters’ insurance claims handling certificate has become the first in the industry to be accredited by the Office of Qualifications and Examinations Regulation.
Groupama boosts claims focus with internal appointment
Groupama has today announced the promotion of Darren Wills to the position of corporate claims director, as part of a renewed claims strategy focus.
Rise of PPOs has tailed off in PI cases
The growth of Periodical Payments Orders that top up personal accident claims over time has tailed off according to a study by the International Underwriting Association.