Claims
Flat rates expected in Europe after Monte Carlo meet
Securities and investment banking firm Jefferies anticipates flat rates for Europe next year.
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
MYI and Airclaims merge to enhance position in aviation
Loss adjuster McLarens Young International has merged with Airclaims to enhance its position in the aviation market.
Claims rise as landlords cut maintenance budgets
The proportion of claims made for avoidable incidents such as leaks, burst pipes, frost damage and general wear and tear has increased by 5% since 2008 as tight budgets hit property maintenance by landlords.
Comment - Civil litigation: You’re part of the problem
When the insurance industry launches a campaign to reform our “broken civil litigation system” it predictably wheels out dodgy statistics – including that complete nonsense of a report from Frontier Economics again — and dubious ‘facts’. It conveniently…
Loss adjuster hit with year-long jail term for £18 500 Zurich theft
A loss adjuster has been sentenced to a year in prison for theft and deception, owing insurer Zurich up to £18 500.
MoJ to split referral ban enforcement role between industry regulators
The Ministry of Justice has confirmed the government’s proposed ban on referral fees is likely not to be centrally administered, but instead enforced by a collection of disparate regulatory authorities.
Editor's comment: The devil is in the detail
Just when consensus was building across the insurance industry that banning referral fees alone will not cure the UK civil litigation system of all its perceived ills, reduce car insurance premiums, or single-handedly wipe out personal injury claims…
Concerns sparked over quality of insurer supply chains
Leading insurers have raised “serious concerns” over the industry’s ability to handle water perils claims, with restoration companies shouldering a large proportion of the blame.
Insurers vow to pay squatting claims if informed of extended absence
Insurers have vowed to pay claims to policyholders whose properties are invaded by squatters — as long as they inform them if their home will be empty for long periods of time.
MGA data requests rise as Solvency II bites
Managing general agents will have to provide insurers with more detailed data to drive down the costs of implementing Solvency II, according to an underwriting and claims director at Towergate.
Ask the Expert
With all the recent turmoil in the markets, how is the insurance industry faring in terms of new job creation?
Law report: Assessment delay upheld by Judge
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Demarcation of stairs prompts dismissal of ‘concealed hazard’ allegation
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Initial improvement notice time limit appeal overturned
This law report has been contributed by national law firm Berrymans Lace Mawer.
Adjusting Academy: Here comes the new guard
Inaugural members of Post’s newly established Adjusting Academy talk to Post about the battle for loss adjusting talent and whether there really is a demographic timebomb that needs defusing.
Firms warned over ‘hiatus’ in approval of alternative business structures
Insurance firms seeking to become alternative business structures should beware an over-regulated business environment by an “under-resourced” Solicitors’ Regulation Authority.
Explosion in whiplash claims highlights the need to tackle cause not symptoms
Last week’s Claims Club meeting saw a heated debate on referral fees, a call for members to lobby against the EU tax review and heavy criticism of the SRA
Post Magazine - 15 September 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
MYI and Airclaims merge
McLarens Young International has merged with provider of claims, risk and asset management services to the aviation community, Airclaims.
MoJ to split referral ban enforcement role - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Ministry of Justice that the government’s proposed ban on referral fees is unlikely to be centrally administered, and instead enforced by…
Davies Group profit more than doubles to £3.37m
Claims management firm Davies has announced a 24% leap in turnover to £36.9m for the 12 months ended 31 March 2011 (2010: £29.6m).
IFB head Glen Marr to step down to join motor insurer
Glen Marr, director at the IFB will be leaving the organisation in December to join the board of First Central Insurance Management as director of fraud.
Jack Straw outlines his Bill to crack down on referral fees
Jack Straw’s motion to crack down on referral fees has passed the latest hurdle in the House of Commons following a Ten Minute Rule Motion.