Claims
US reinsurers hit by claims
The Reinsurance Association of America says its group of 19 US property and casualty reinsurers wrote $13.8bn of net premiums during the six months ended June 30, 2011, an increase from the $12.3bn written in the first six months of 2010
Irene to cost insurers as much as $6bn
Catastrophe modelling firm AIR Worldwide estimates that insured losses from Hurricane Irene to onshore properties in the US will be between $3bn and $6bn.
'Merlin Academy' graduates primed team leader roles
Graduates from the first class ever to undertake the ‘Merlin Academy’ accredited Chartered Management Institute Level 2 Certificate in Team Leading have praised the content of the course.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on harmonising European compensation systems; and an article on the opportunities for brokers in the international PMI market.
Compensation harmonisation across the EU
The European Union has a raft of measures to try and achieve harmonisation between member states but as Sarah Hamilton reports there is a long way to go in achieving a single compensation system.
International PMI: the brokers opportunity.
Many brokers fear branching out into unknown lines but Tim Mutton argues there is an excellent untapped opportunity for many European brokers in the international PMI market.
Hurricane Irene heads towards Bahamian capital
After battering the southern islands of the Bahamas, Hurricane Irene is now just 65 miles away from the capital city of Nassau, according to the latest report compiled by AIR Worldwide.
Dicken switches Welsh law firms
Cardiff-based law firm New Law has poached Phil Dicken (pictured) and his team of insurance experts from rival firm Hugh James.
Hurricane Irene expected to reach cat 4
Colorado-based Lloyd’s underwriters ICAT has warned that Hurricane Irene strengthened significantly overnight and is now a category three hurricane.
Career development & CSR: Thatcham recognised
Thatcham’s automotive academy has become one of the first training organisations, in its region and the automotive sector, to receive the ‘Training excellence’ stamp.
Penny Black’s insurance week
Any company that has ever rebranded will know the path is a perilous one.
Post history – 10 years ago: Bladder cancer claims threat rises
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
View from the top: A multi-channel world
Many brokers will have read the recent update around Zurich’s personal lines strategy, following the announcement that we’re re-entering the direct channel later this year via an outsourced arrangement with Endsleigh, where the majority of new business…
MP calls for ban on referral fees
A Yorkshire MP based in a city with the fastest rising rates of comprehensive motor insurance is calling for parliament to ban referral fees after his report found high personal injury claims are driving premiums up in that area.
Crawford-Axa allegations unfounded
Twin-track investigations immediately launched following anonymous accusations of “sharp practices” in Crawford & Company’s handling of Axa claims have discovered the allegations to be unfounded.
ULR shuffles top level after senior departures
Legal expenses provider ULR has embarked upon a major management shake-up in the wake of two long-standing senior figures departing.
Fraud rise feared in riot aftermath
Mihir Pandya, Allianz fraud manager, has warned spurious claims could rise in the aftermath of this month’s riots and a potential double-dip recession.
Sterling: policy excesses to be reclaimed from police
Sterling Insurance has said it will not deduct policy excesses from riot claims and will reclaim the full costs from the police on behalf of policyholders.
Career development & CSR: Cunningham Lindsey’s CILA success
Cunningham Lindsey’s mentoring scheme to help staff achieve Chartered Institute of Loss Adjusters status has notched up its first success.
Riot Act: pressure mounts for repeal as police cost burden deepens
Prime Minister David Cameron’s announcement that those suffering losses as a result of the recent outbreaks of violence, destruction and looting across England will have 42 days — rather than the 14 prescribed by statute — to claim compensation from the…
Market update - High net worth: Time to raise rates in HNW?
Rates in the high net worth market are failing to reflect the risks posed, despite high claims costs. Chinwe Akomah reports on a sector that is starting to come under pressure to deliver results.
Legal update - Quinn: Keeping it confidential
The decision in Quinn v Law Society raised a series of questions around the issue of client confidentiality. Felix Zimmermann looks at whether answers have been forthcoming in the year since the judgment.
Riot update - Legal implications: Rioters without a cause?
The dust may now be settling on the riots across England, but the debate about legal implications for the insurance market will continue to rage on. Ros Jones and Alex Booth assess the main coverage issues from the perspective of insurers, reinsurers and…
Risk update - Asbestos: Kept safe from harm
With the European Commission ordering the UK to amend legislation to ensure maintenance and repair workers are fully protected from asbestos, John Toms investigates the implications for the insurance industry.