Claims
In Series: Windstorms: Postcode lottery
The nature of windstorms requires a different, broader approach to underwriting.
Fraud specialists urge importance of mutually beneficial IFB affiliate model
Fraud experts have urged the Insurance Fraud Bureau to ensure its proposed affiliate membership model is mutually beneficial to existing and prospective members and that data security sits at the heart of the initiative.
Legal Update: A more level playing field?
Recent cases indicate a more robust court approach to vicarious liability, says Alastair Gillespie.
Interview: Duncan Rutter: A busy year coming
High-profile reviews impacting the legal sector and the ongoing fight against fraud promise to keep incoming Forum of Insurance Lawyers president Duncan Rutter busy during his year in office. Post caught up with him to discuss his plan of action.
Crawford to cut up to $28m from expense base in additional restructure
Crawford and Company is seeking to reduce its dependence on severe weather claims by embarking on an additional restructuring plan designed to remove $25m (£16.6m) to $28m from the company’s expense base.
Quindell to change its name to Watchstone Group
Technology solutions provider Quindell is seeking shareholder approval to change its name to Watchstone Group.
Masojada eyes further growth as group GWP rises 12.9%
Hiscox CEO Bronek Masojada has identified “plenty of opportunities for growth” off the back of a 12.9% increase in gross written premiums to £1.54bn for the first nine months of 2015 (9M 2014: £1.36bn).
Ex-cons avoid return to jail after attempting to defraud Admiral and Ageas
Two men who met and became friends in prison yesterday (5 November) received suspended prison sentences at the Old Bailey after staging a ‘cash for crash’ accident in order to claim over £16,000 from Admiral and Ageas.
Munich Re hit by €175m Tianjin loss
Munich Re said it expects a net exposure of €175m (£125m) for the explosion in the Chinese port of Tianjin.
Fraudulent claimants ordered to pay £3000 to innocent driver
Claimants seeking personal injury damages have been found fundamentally dishonest and ordered to pay £3000 in exemplary damages to a driver who collided with them.
Profit plummets 48% at Zurich's UK business amid 'perfect storm'
Zurich UK general insurance CEO Vibhu Sharma has blamed “a perfect storm” of tough market conditions and greater the normal large losses for a plummeting business operating profit in the third quarter of 2015.
IFB launches affiliate membership consultation
The Insurance Fraud Bureau has taken a step towards extending its services to defendant lawyers, private investigators and other industry suppliers, by launching a consultation on affiliate membership.
In Series: Windstorms: Lessons from history
Debate over how European windstorms are evolving can be fierce, with data available to prove virtually every possible variation. But, with this weather phenomenon seriously battering Europe and its insurers’ claims funds, a greater understanding of what…
Trade Voice: Freezing out the cold callers
Insurers and lawyers must work together to tackle bad behaviour from claims management companies.
Industry united in call for FCA to be appointed CMC regulator
Insurers have rallied to support the Association of British Insurers' call for the Financial Conduct Authority to oversee the regulation of claims management companies.
Career Development: CII’s New Generation Group launches for 2016
The Chartered Insurance Institute’s New Generation Group, class of 2016, met for the first time at the launch event held in London on 23 October.
Claims service and innovation key for HNW firms in over-crowded market
High-net-worth insurers must prioritise claims service levels and product innovation if they are to maintain a foothold in an increasingly over-populated market, according to broking and claims experts.
Fraudster put on IFR after stolen iPad claim
RSA has placed a former policyholder on the Insurance Fraud Register after they submitted a fraudulent claim for an iPad Air that was discovered to have been stolen from a Birmingham special needs school.
Saulter enthused by potential of expanded class offering in 2016
Davies CEO Dan Saulter is excited the company can now offer clients a more extensive class offering after its entry into specialist motor claims in July.
Esure appoints RSA's Hughes to claims role
Esure has appointed former RSA commercial claims director Graham Hughes as its head of claims.
Swinton appoints Carpenters Law as claims handler
Swinton has appointed Carpenters Law as its claims handling partner, replacing Slater & Gordon.
Revenue up 12% at Davies as account wins add £3m to 2016 figure
Davies Group has attributed 40 new account wins over the course of 12 months for a 12% uptick in revenue to £32.4m for the period ending 30 June 2015.
Quindell to return £465m to shareholders
Quindell has announced plans to give shareholders £465m through a capital repayment scheme.
Legal Update: Shaking up cost control
Few would argue that post-claim legal costs management grabs the headlines in the same way as other areas of general insurance claims work. Perhaps one explanation for this is the 2013 reforms, vaunted as the ‘silver bullet' for managing legal costs in…