Claims
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Airmic 2011: Firms underestimate true cost of major claims
A lack of understanding surrounding the range of uninsured costs and management time wasted means the true financial cost of major property claims are underestimated, says Heath Lambert.
Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
Post Blog: Scaling the heights - Questgates' Himalayan Adventure
Last month, Questgates duo Andrew Davies and Aaron McMullen completed a 320km cycle, trek and paddle through the Annapurna Mountain Range in the Himalayas in support of The Prince's Trust.
Post Blog: Scaling the heights - Questgates' Himalayan Adventure
Last month, Questgates duo Andrew Davies and Aaron McMullen completed a 320km cycle, trek and paddle through the Annapurna Mountain Range in the Himalayas in support of The Prince's Trust.
Airmic 2011: Global insurance compliance is fastest-rising concern
The compliance of global insurance programmes is the fastest-rising concern amongst Airmic members, according to the result of the risk management association’s latest survey, ranking second only to reputational risk as their main worry.
Airmic 2011: Model-clause unveiled by Airmic
Airmic has published a model-clause aimed at reducing the possibility of firms having policies avoided by insurers as a result of inadvertent omissions in the underwriting information provided by purchasing organisations.
Airmic 2011: Intermediaries need to better understand fraud
Insurance fraud is one of the biggest challenges facing the industry, yet 32% of intermediaries are only “somewhat clear” on exactly what constitutes insurance fraud.
Aon: Threat of political unrest equal to terrorism
Political violence, strikes, riots, civil war and war now threaten businesses' growth, continuity and profitability as much as terrorism, according to Aon Risk Solutions.
PI specialists offer claims handling
Professional Indemnity specialist Beale and Company Solicitors LLP has appointed Simon Wright to head up their new claims handling department, which will provide claims handling solutions to professional indemnity insurers.
Aon: Threat of political unrest equal to terrorism
Political violence, strikes, riots, civil war and war now threaten businesses' growth, continuity and profitability as much as terrorism, according to Aon Risk Solutions.
Cunningham duo join Questgates' investigations team
Questgates has boosted its corporate claims management and liability investigation capabilities with three appointments.
Auto Restore targets consumers in direct offering
Car repair firm Auto Restore is launching a new ‘direct to consumer’ proposition, offering motorists with minor vehicle body damage an alternative to making an insurance claim for their repairs
Barlow and Clyde in merger talks
Law firms Barlow Lyde & Gilbert and Clyde & Co are in advanced merger talks, Post Online sister title Legal Week has revealed.
Barlow and Clyde in merger talks
Law firms Barlow Lyde & Gilbert and Clyde & Co are in advanced merger talks, Post Online sister title Legal Week has revealed.
SMEs ignoring legal risks
Small companies risk going out of business if they continue to ignore the risks of legal action, First Assist Legal Protection has claimed.
Rehabilitation - Workplace innovation: A good measure of rehabilitation success
Insurers have been vocal in their criticism of rehabilitation service innovation. Mark Howard and Brian Whelan argue that, while progress has been made, the next stage in evolution needs to be a radical one.
Property claims: Surveillance legislation should hold no fear for insurers
Insurers have been told to embrace surveillance and that they have nothing to fear from the legislation surrounding it.
LSB referral fee advice slammed as 'mistaken'
The Ministry of Justice has been urged to disregard the "mistaken" advice of the Legal Services Board and ban referral fees, as lawyers and insurers joined forces to criticise the decision.
Editor's comment: Passing the hot potato
And so the buck gets passed once more. Another week, another non-decision on referral fees. This week it was the turn of the Legal Services Board to fight shy of a ban, deferring future responsibility for dealing with this questionable practice to…
Post history - 20 years ago: Employment figures drop in insurance
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from 20 years ago reveals.
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
'Therapy drift' leads Axa to outcome-based model
Axa Insurance is looking to counter its concerns over rehabilitation 'therapy drift' by working with a provider's new outcome-based pricing model, which effectively offers insurers a money-back guarantee on results.
Property claims: Curb 'hide and seek' culture over claims
Insurers and claims firms have been told to curb "the hide and seek" culture obscuring the cost of claims handling.