Claims
Japan economic losses “likely to exceed $100bn”
Losses from the earthquake which shook Japan last week could break the $100bn (£62.2bn) barrier, catastrophe modeling firm EQECAT has predicted.
Mobile phone validation service launched
An online claim validation service for mobile phones has been launched with the aim of helping insurers quickly validate claims.
Garwyn launches practice group in strategic commercial move
Garwyn Group has created the first of a series of practice groups for seven defined industry sectors, as part of a strategic move to align itself more closely to the sector specialisms offered by commercial insurers and brokers.
Swiss Re reiterates commitment to Japanese market
Reinsurer Swiss Re has reiterated its commitment to the Japanese insurance market following the earthquake which hit the country last week.
Real change needed on injury claims costs, says Inter Resolve
Rhetoric on injury claims costs needs to be replaced by real change, according to Peter Ashdown-Barr, chief executive officer at Inter Resolve.
Groupama calls for referral fees to be scrapped
Groupama Insurances has called for referral fees to be abolished and for the implementation of Lord Justice Jackson’s review of civil litigation costs.
Corpore saves insurers estimated £1m in Kynixa rehabilitation handover
Corpore has estimated it saved insurers just under £1m by absorbing over 450 rehabilitation cases after former provider Kynixa went into administration.
Aviva reports 30% increase in cannabis claims
Aviva is warning landlords to be extra vigilant as it revealed a 30% year-on-year rise in cannabis farming claims – the highest level since it started recording the data in 2007.
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Apil calls on insurers to take action on fraud
The Association of Personal Injury Lawyers has urged the insurance industry to drive forward the recommendations outlined in the Transport Select Committee report.
Crawford acquires Claim Hub
Crawford & Company has acquired the assets of Claim Hub, a provider of claims workflow solutions for the property and casualty insurance market.
Exclusive gender-ruling content now available on Post Europe
Post Europe’s weekly update is now live with three different opinions from the insurance industry on last week’s gender-ruling from the European Court of Justice.
Allianz “dismayed” at transport committee Jackson snub
Allianz Insurance has criticised the Transport Select Committee Report for not calling for a full implementation of Lord Justice Jackson’s review of civil litigation costs.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.
Lloyd's: Too early to assess Japan losses
Lloyd's has said it is "far too early" to assess the business impact of the natural disasters to hit Japan over the last 24 hours.
Biba welcomes motor cost report
The British Insurance Brokers’ Association (Biba) has welcomed the Transport Select Committee’s report into the cost of motor insurance.
Caribbean risk pool appoints Guy Carpenter
Guy Carpenter has replaced Aon Benfield as the placing broker for the Caribbean Catastrophe Risk Insurance Facility.
Dedicated insurance police force mooted
The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.
ABI: transport committee motor insurance report is a "missed opportunity"
The Association of British Insurers has accused the transport select committee of "choosing to ignore” vital evidence provided by the insurance industry into the cost of motor premiums.
Claims operation launches to assist the London market
A new company offering claims management services to assist the London market has been launched.
RBSI claims director joins Weightmans
Weightmans boosted its insurance offering with the appointment of Kate Lotts to the newly created role of head of policy development (insurance).
Canopius accuses industry of "folly"
Canopius chairman Michael Watson has accused the insurance and markets of “folly” as rates continue falling despite 2010 being “one of the six” most costly years for insured catastrophe losses.