Claims
Hurricane Alex losses of $200m predicted
Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed $200m.
Loss adjuster opens Swiss office with new hire
Charles Taylor adjusting has expanded its capabilities in onshore energy and industrial property claims adjusting with the appointment of Eric Capewell who will head up its new office in Geneva, Switzerland.
Loss adjuster opens Swiss office with new hire
Charles Taylor adjusting has expanded its capabilities in onshore energy and industrial property claims adjusting with the appointment of Eric Capewell who will head up its new office in Geneva, Switzerland.
Penny Black’s insurance week
Remember Big Brother? Penny was taken aback to discover the series is still trundling through its final series and drawing in big enough viewing figures for Go Compare to choose a slot in tomorrow’s eviction night extravaganza as the place to launch its…
Postscript – 30 years ago: Losses rise as large fires take hold
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Hurricane Alex makes landfall on Texas-Mexico border
Hurricane Alex drenched the Texas-Mexico border in the early hours on Thursday as the powerful storm slammed into Mexico's Gulf coast, spawning tornadoes and flooding towns, but sparing US oil wells.
Reinsurance pricing resists pressure
Major losses from the Chile earthquake and storms in Australia in the first quarter of 2010 have had little impact on pricing in the global reinsurance market.
Technology - Process management: Flexibilityis your friend
Coping with unexpected demand can put immense strain on insurers.
Technology - Underwriting: Shifting focus
Insurers are upping the pace at which they investigate underwriting IT options and, over the past six months, there has been a substantial jump in the number of carriers looking to engage software houses with projects in this area, says Edward Murray
Automated systems to negate driver error
I read with interest the letter from Jack Brownhill regarding the article 'Safety First and Last' which covered Thatcham's vehicle testing.
Aviva offers repair guarantee
Aviva Direct's motor policies will come with a lifetime guarantee on the repair quality carried out by an Aviva approved repairer from today.
Post Magazine – 1 July 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
40% chance of storm passing Gulf spill by end of August: RMS
RMS suggested there is just over a 15% chance that a tropical storm or hurricane will pass within 100 miles of the Macondo oil well before the end of July, rising to more than 40% by the end of August, requiring precautionary evacuation of the…
Alex becomes a hurricane
Alex has intensified to become the first hurricane of the 2010 season, making it the first June hurricane in the Atlantic since 1995. Hurricane forecast to hit Texis/Mexico border on Thursday.
Halliwells wants takeover
Halliwells has filed for court permission to appoint an administrator as it looks to secure a takeover by Hill Dickinson.
Flood service formed
Three insurance repair and renovation companies, with combined annual sales in excess of £100m, have formed a new national flood mitigation and drying service with an integrated building contracting operation.
North of the Border: Damages (Scotland) Bill
In February it was announced that the Damages (Scotland) Bill would be introduced to the Scottish parliament. Its intention is to repeal and replace the Damages (Scotland) Act 1976, restating the law in a clearer form and, in particular, introducing a…
ADR predicted to rise if Clarke shuts courts
Allianz has claimed government plans to cut the number of lower courts in England and Wales by almost a third could promote the use of alternative dispute resolution.
GAB Robins boss looks overseas following MBO
The chief executive of GAB Robins UK has admitted it would like to formalise its international relationships — and could even launch its own overseas start-ups — as it seeks to grow its global markets business.
Quadra wins place as APC goes for panel
Start-up Quadra has landed a place on the new property loss adjusting panel of underwriting agency APC.
Credit hire stake sees Lord Young impartiality queried
The Cabinet Office has insisted Lord Young of Graffham remains the right person to lead an investigation into compensation culture in the UK, despite having a major shareholding in credit hire firm Accident Exchange.
Businesses to feel the heat as large fires continue to rise
Challenging economic conditions are having a significant impact on fire danger, according to the Association of British Insurers director of general insurance and health, Nick Starling.
Late claims payment fine
Insurers should expect to pay damages to their clients when they are slow to pay claims, according to the Association of Insurance and Risk Managers.
EA calls for flood funding
The Environment Agency is calling for communities and businesses to contribute more towards the funding of future flood defences.