Claims
Endsleigh faces High Court onslaught over claims costs - Insurance News Now – 12 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the potential £30m High Court battle facing Endsleigh following its alleged failure to provide “technically accurate” claims handling for Southern Rock and…
Biba 2011: CIE consumer guide to be rolled out
A consumer guide giving advice to the public ahead of the launch of the new Continuous Insurance Enforcement was today released at the British Insurance Brokers' Association Conference in Manchester.
Biba 2011: Fusion and Oliva to offer SME disaster recovery package
Oliva Underwriting Management and Fusion Insurance Services have both signed agreements with risk mitigation and loss reduction specialists Global Continuity, to embed its disaster recovery solution, Business Assist, into their product suites.
Chubb appoints Ireland claims manager
Chubb Insurance Company of Europe has appointed Tony Fitzgerald as manager of its claims business in Ireland, reporting directly to Lynn George, European claims manager
Barclays CEO in PPI apology as bank sets asside £1bn for claims
Barclays has decided that it will not participate in any application for permission to appeal against the High Court judgment of 20 April 2011, which dismissed the action brought by the British Bankers' Association regarding the assessment and redress of…
Helphire share price crashes to new low after overstating cash due by £25m
Helphire's share price today crashed to 4.9 pence at the close of trading from 12.75 pence at the start of the day after a profits warning.
Chartis COR hits 119% in Q1 as insurer is hit by $1.7bn cat costs
Chartis, the non-life division of AIG, has reported a first quarter operating loss before net realized capital gains of $463 m, reflecting $1.7bn of Catastrophe losses comprised of $1.3bn for the Japan earthquake and tsunami.
CII exited tough year in "good shape"
The Chartered Insurance Institute slightly increased its overall revenue in 2010 to £33.97m from £32.32m the previous year.
NFU claims boss resigns
NFU Mutual chief claims manager John Kenny has quit the company that he joined 23 years ago.
Crawford revenue up 21% to $285m in Q1
Loss adjuster Crawford has recorded revenue of $285m in Q1 2011, an increase of 21% (Q1 2010: $236.3m)
Cunningham Lindsey launches training scheme to boost complex loss team
Cunningham Lindsey has launched an initiative to increase its number of complex loss adjusters, by training existing liability staff to handle more specialist claims.
CILA entry-level qualification goes live
The Chartered Institute of Loss Adjusters entry-level qualification examinations have gone live.
Legal update - unsigned contracts: invisible ink
Letters of intent have become accepted business practice while the finer details of contracts are worked out — but a recent court case has highlighted the pitfalls, reports Russell Behn.
In series - first-party fraud: everyone's a loser
Few consumers see insurance fraud as the criminal offence it really is. Graham Odiam looks at research to find out why this is and explains how everyone will lose out until this perception is changed.
Overseas market - Saudi Arabia: full of Middle Eastern promise
With a fast-growing insurance sector, Saudi Arabia is a country on the move. Dexter Morse gives a detailed overview of market developments and potential.
Post history - 20 years ago: motor blamed for £220m NU downturn
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
View from the top: kill the costs monster
I'm delighted the government is backing Lord Jackson's suggested overhaul of civil litigation costs — but the champagne remains on ice.
Penny Black's insurance week
It is always nice when a familiar face reappears on the heady insurance circuit, so it was with some pleasure that Penny heard Zurich's former European CEO Annette Court is currently scouring the UK insurance market for her next big move.
Legal update - motor fraud: overcoming the obstacles
Recent court guidance should help liability insurers overcome some of the hurdles in the fight against motor fraud. Roger Mackle reviews recent cases that have helped clarify matters.
In series - first-party fraud: banging the drum
The industry is slowly changing public perceptions that insurance fraud is a victimless crime. Jane Bernstein looks at recent initiatives and asks what more the market can do in terms of prevention?
Lawyers welcome joint RTA Portal funding proposals
Lawyers on both sides of the personal injury fence have welcomed proposals for the financial upkeep of the Ministry of Justice-supported road traffic accident portal to be shared.
Legal update - clinical negligence: substantial speculation
A recent future loss of earnings case saw the claimant awarded substantial damages for a business they had not even started. Clare Malpus reports on the insurer implications.
Indie broker strengthens Scottish position
Central Insurance's £2.6m acquisition of Aberdeen broker Collins Halden & Burnett has cemented its position as Scotland's largest independent broker.
Legal update - expert witness: the end of guns for hire?
A recent case has stripped expert witnesses of the immunity they have always enjoyed. Philip Tracey reports on the implications of this significant decision.