Claims
Munich Re profit quadruples in 2012 to €3.2bn
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (2011: €0.71bn).
BLM appointed to government Litigation Panel
Berrymans Lace Mawer has been appointed to the General Litigation Lot within the Government Procurement Service Legal Services Framework Agreement – a framework agreement designed to provide a wide range of legal services.
$400m satellite loss biggest in market history
The destruction of a satellite during launch last week is believed to be the largest insured loss in the history of the space market.
Accident Exchange retrial possible in light of "fresh evidence"
Four test cases that found Accident Exchange had charged Axa excessive hire rates could be retried, the Court of Appeal ruled today.
90% of London market claims processed electronically
The use of electronic claims files in the London company market is much more extensive than previously stated, according to the International Underwriting Association.
London insurance market's progress with ECF understated, claims IUA
The use of electronic claims files in the London company market is much more extensive than previously stated, according to new analysis by the International Underwriting Association.
Allianz: increased number of clinical trials raises underwriting issues for insurers
The rising number of clinical trials poses significant challenge for insurers, according to Allianz Global Corporate & Specialty.
Covéa deal offers a mobile repair solution
Covéa Insurance has signed up to Auto Restore’s combined national mobile and fixed repair solution to provide its customers with a seamless journey from the point where they register the claim through to a choice of type of repair service, time and…
Asian Development Bank calls for government disaster risk financing initiatives
With only 5% of disaster losses insured in Asia, the Asian Development Bank wants Asian governments to offer risk financing instruments such as catastrophe bonds to help with disaster resilience.
Insurance Insight Q+A: Mark Saunders, Towers Watson
Insurance Insight interviews Mark Saunders, managing director, Hong Kong and managing director for the insurance sector, Asia Pacific at Towers Watson.
IFED’s biggest investigation ends with guilty plea
The Insurance Fraud Enforcement Department’s biggest investigation, launched over a year ago, has concluded today with a fraudster pleading guilty to selling hundreds of non-existent car insurance policies to drivers across the UK.
Insurers defeat fraudsters attempting to claim more than £117 000
Hill Dickinson Fraud Unit and The Co-operative Insurance have cracked down on a fraud ring that attempted to claim over £117 000.
Law Society backs access to justice overhaul
The Law Society has backed Government plans to introduce a regime for ‘class actions’ which it says will enhance access to justice for consumers who have suffered because of anti-competitive behaviour.
Argo poaches Aon's marine claims director
Argo today unveiled Robert Dobson as its new marine claims manager.
Action Claims unveils new brand
Action Claims is rebranding as Action 365 as of today in a move that it hopes will reflect the portfolio of products and services it provides to its broker and insurer clients.
Insurers and Australian government work together in bushfires aftermath
Insurers and the government are helping residents in Tasmania recover following huge bushfires after extraordinarily hot weather.
Drive Assist creditors will not get all their money back
A number of creditors of failed credit hire company Drive Assist will not be paid all of what they are owed, said Zolfo Cooper, the firm’s administrators.
Claims Club monthly missive: 75% of claims managers admit recruitment 'difficulties'
“I believe the children are our future. Teach them well and let them lead the way”
Direct Line Group facing price fixing complaint from Dispatches' Moody
Direct Line Group is facing a joint price fixing complaint by Retail Motor Law and the Vehicle Builders & Repairers Association.
PM: Dangerous driving sentences could be increased
Prime Minister David Cameron has suggested the government will explore increasing the maximum sentence for dangerous driving.
Quarter of crash victims pressured into claiming, says LV
One in four crash claimants say they would never have sought compensation if they hadn’t been pressured by a third party, according to research from LV.
Queensland flood damage bill reaches AUS$290m; costs set to rise
The devastating flooding in Queensland is expected to cost well over AUS$290m as over 25 800 claims have been received by insurers with more to come, according to the Insurance Council of Australia.
Law report: Third parties exonerated in workplace injury case
This law report has been contributed by law firm Berrymans Lace Mawer.
Sandy set to generate lengthy legal battles amid deductibles debate
Settlements over the first disputes to arise from claims relating to Superstorm Sandy are unlikely to be reached until the middle of 2014 at the earliest.