Claims
AIG suffers $3bn Q4 loss and 241.6% commercial COR
Global insurance giant AIG saw losses widen in Q4 2016 following a $5.6bn (£4.5bn) pre-tax charge to boost its reserves for prior year commercial claims.
Legal Update: Motor's waiting game
The motor claims market is currently sitting in that state of indecision that business - and pilots - like to call ‘a holding pattern' as it awaits three major government consultations. These, to push the aviation analogy to its fullest, are hovering…
New South Wales bushfires to cost insurers at least A$20m
Over 100 bushfires across rural areas of New South Wales in the last few days will cost insurers at least A$20m (£12m) according to the Insurance Council of Australia.
Over 100 bushfires across New South Wales as heat records tumble
New South Wales has seen 120 bushfires over the last few days as temperatures in the state hit record highs over the weekend.
Bila's Castle on the prospect of collective redress in the UK
The prospect of a full-blown, opt-out US class action culture, funded by a Plaintiff Bar made fat from its cut of the damages, is not one that most UK insurers would relish.
Ex-Autofocus employees accused of 'industrial scale' perversion of justice
Seven former employees of Autofocus were accused of doctoring credit hire rate evidence to defend insurers in court.
Legal Update: Discount rate review will increase cost of claims
The summer of 2001 saw Tony Blair and Labour elected for a second term, the London Stock Exchange go public, and Lance Armstrong win his third Tour de France. It is also when the discount rate was last reviewed and set at 2.5% by the then Lord Chancellor…
Autofocus trial over 'widespread perversion of justice' begins
A trial against seven former Autofocus employees for contempt of court began today at the Royal Courts of Justice.
Motor premiums will ‘inevitably’ rise owing to discount rate changes
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
Post February 2017: Power, assistance and accolades
The 2017 Post Power List is revealed in the February issue.
Blog: How telematics can help buck winter claims trends
Telematics data shows young drivers drive more carefully in winter than in summer. This type of insight can help insurers develop new rating factors.
BRE and Axa unveil flood proof house to encourage resilient repairs
Watford-based building science centre BRE has developed a flood-resilient prototype home to show the most effective ways to protect properties against flood damage.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Here are the most successful insurers, brokers and adjusters in BIA history
To celebrate the 20th edition of the British Insurance Awards, three years ago, I sat down and went through all the previous events to find out who had been the most successful company in its history.
Post Power List 2017: Therese Coffey
Flood Minister and MP for Suffolk Coastal, UK government
Post Power List 2017: Andrew Twambley
Spokesman, Access to Justice
Marketing: Image is everything
Insurers must stand out from the competition to attract custom. What lessons can they learn from outside the sector?
Crawford appoints Sadowski as MD of contractor division
Crawford and Company has appointed Lee Sadowski as managing director of its UK contractor connection division.
Cancer is a major cause of group risk claims
Cancer is the number one group risk to employees in the UK yet employers are failing to support their staff with the appropriate financial protection.
Kaikoura earthquake claims reach over £500m
Last November's 7.8 magnitude earthquake on South Island has cost insurers over NZ$900m so far (£520m) according to the Insurance Council of New Zealand.
Chair John O'Roarke hails 'exciting opportunities' as Horwich Farrelly unveils record turnover
The chairman of specialist insurance industry law firm Horwich Farrelly has declared its growth in turnover and instructions as a sign of its growing “credibility” in its chosen markets.
Former LV COO Peter Horton joins fraud specialist Digilog
The former chief operating officer of LV Peter Horton has joined voice risk analysis specialist Digilog.
Insurance United Against Dementia calls on industry to help raise £10m for research institute
Campaign aims to unite the sector against the biggest cause of death in UK
Roundtable: Talking marketing tactics
With the industry seeking to find out just how a single view of the customer can be achieved, Post, in association with Visionware, brought together specialists in a roundtable to discuss how digital is driving business