Claims
A$60m of claims from Western Australia bushfires, says ICA
There has now been an estimated A$60m (£29m) of claims from bushfires in Western Australia according to the Insurance Council of Australia.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Quiz of the week - 8 January
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
Ifed inquiry leads to jail time for income protection fraudster
A 28-year-old man has been jailed for more than three years after he attempted to defraud two insurance companies out of £97,824 for lost income for a job he never had due to an illness he falsely claimed to be suffering from.
Aviva investigation puts brakes on party bus claimants
Aviva has successfully quashed attempts by passengers on a double-decker ‘party bus’ to erroneously claim more than £250,000 for whiplash injuries supposedly caused by a minor collision.
UK floods to 'significantly weaken' 2015 earnings, says Fitch
Ratings agency Fitch said the impact from recent flooding in the UK could weaken earnings for some firms and take the year combined ratio above 100%.
Europe: What the new privacy regulations mean for insurance services providers
It's almost upon us. After an epic journey, the much vaunted overhaul of European data protection rules has arrived, placing a tougher compliance burden not only on insurers, but also on companies that provide services to them.
Gang of eight convicted in motor fraud
A crash-for-cash scam, which saw insurers pay out more than £120,000 to fraudsters, has seen another man convicted of conspiracy to defraud.