Claims
Legal Update: Basis clauses: Insurers stealing a march on the law to make basis clauses a footnote in history
Peter Fitzpatrick explains how basis clauses can often harshly forfeit a policy, and why market forces could see them disappear long before they are formally outlawed.
Your say: Don’t blame solicitors for PI failure
It is surprising that brokers are criticising solicitor firms for leaving it too late to seek specialist advice, since the majority of practices left without insurance were affected by the aborted transfer of policies from Balva – an unrated insurer in…
Motor market urged to get on-board with My Licence
The Association of British Insurers is calling on the motor insurance market to sign up to My Licence to reduce fraud and improve policy applications.
Restoration firm and insurers join forces against fraud
A new fraud identification service aimed to help insurance companies identify and reduce the cost of fraudulent claims has been launched by claims audit and damage restoration experts firm Servicemaster Clean.
Insured losses from Haiyan could reach $700m
AIR Worldwide has estimated insured losses from super typhoon Haiyan at between $300m (£185m) and $700m.
Your say: Getting campaigning right
If the Association of British Insurers are now seriously considering a publicity campaign to change the hearts and minds of the public and alter the commonly held view that insurance fraud is a victimless crime, then this must, in my opinion, be…
Quindell raises £200m and plans name change
Quindell Portfolio has raised £200m through the placing of 1 315 789 500 new ordinary shares at a price of 16 pence per share.
Gooding takes on IMO role for IUMI
The International Union of Marine Insurance has appointed a new representative at the International Maritime Organisation.
Almost 20% of motorists would consider telematics at next renewal
Nearly one in five motorists will consider taking out black box car insurance policies at their next renewal date as the technology goes mainstream, according to Consumer Intelligence.
Questgates swoops on loss adjusters from Cunningham after 'business wins'
Questgates has made a number of appointments following "further new business wins".
Post Magazine - 14 November 2013
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS App Edition on the App Store or read the Post Digital Edition online.
Insurers dismiss MP’s fear that medical panels could become their ‘captives’
Pre-medical offers remain a fraud concern for Apil.
Vietnam escapes worst of Haiyan
Typhoon Haiyan, which devastated many islands in the Philippines over the weekend, weakened to a category 1 storm before striking Vietnam.
Fraud Conference 2013: Cybercrime threat needs to move up the agenda to boardroom level
Fighting cybercrime should be an executive board consideration, insurer panellists at Post’s Fraud conference in London said last week.
Fraud Conference 2013: Insurers demand fundamental reassessment on data sharing
Concerns have been raised about plans by the Chartered Insurance Institute to reform data sharing between insurers and others using section 29(3) of the Data Protection Act.
Fraud Conference 2013: ABI considers anti-fraud advertising campaign to drive message home
The Association of British Insurers may consider advertising in the national media to tackle public perception of insurance fraud, its head of property fraud and specialist lines Aidan Kerr has said.
Riot Damages Act recommendations could lead to improved underwriting
Recommendations in the independent review of the Riot (Damages) Act 1886 could be a blessing in disguise for insurers according to industry insiders.
C-Suite: The market needs MFN clauses
Anyone following the debate around ‘most favoured nation’ clauses could certainly be forgiven for getting lost in the hype and conjecture. But one undeniable result of all the scrutiny is that the issue has truly divided the insurance industry.
C-Suite: Let’s get back to service
Insurers that prioritise cost when selecting legal partners are ‘fobbing off’ customers to the lowest bidder.
View from the Top: Roll out the red carpet
The final quarter of the year is a time for reflection when we pause to look back on what the year brought our way, what we achieved and where we can improve. This is also the season of awards ceremonies to celebrate the achievements of the best across…
Telematics key in combatting motor fraud, according to Octo
Octo Telematics is predicting telematics products could see the end of motor fraud tactics such as crash for crash schemes and bogus whiplash claims.
Devastation escalates after Philippines' super typhoon Haiyan
Catastrophe modelling firm AIR Worldwide says devastation in the Philippines following last week’s super typhoon Haiyan is continuing to escalate.
Insurers warned to brace for escape of water claims surge
IFIC Forensics has warned insurers to brace themselves for an influx of escape of waterclaims, as weather experts forecast the beginning of the coldest winter in 100 years this November.
North East sees biggest rise in road deaths and injuries
The North East of England has seen the biggest increase in accident rates for killed and seriously injured people in 2012, according to IAM’s analysis of recent data produced by the Department for Transport.