Claims
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Bermuda insurers on slip for US oil rig explosion - sources
Ace, Axis Capital and Lancashire are all on the slip for the US oil rig which exploded in Louisiana earlier this week, according to Reinsurance sources.
Ex Direct Line employee jailed for £1.1m fraud
A former Direct Line employee has been jailed for six years for a £1m money-laundering scheme.
Claims - apps: Appy days
With one million Iphones in existence, apps are all the rage. Amy Ellis investigates the insurance market's attempts to utilise this channel and asks if a more considered approach is needed to really meet customers' needs.
Post in print - 22 April
Post reporter Dan Dunkley provides a quick overview of this week's major news including: Towergate brings in IPO experts, Capita insurance chief quits, Lib Dem's in mutual manifesto, Quinn faces UK underwriting decision and insurers assess volcano…
Travel industry “victims” urged to consider IT solutions
IT firm NIIT Technologies has urged firms set for big losses following the Icelandic volcano travel chaos to consider solutions to help them survive and grow in tough conditions.
Sunderland, East London and Liverpool top list of UK fraud hotspots
Callcredit Information Group has published research which identifies the areas most and least at risk of ID fraud across the UK, with Sunderland topping the list of 121 localities in the British Isles.
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.
Crawford appoints new head of project management
Claims management firm Crawford & Company has named Michael Jones as its new head of project management within its global technical services division.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
Law reports: Contributory negligence ruling is overturned at appeal
Osei-Antwi v South East London & Kent Bus Company (Court of Appeal — 19 January 2010)
Law Reports: Case bucks current trend for anxiety and stress payouts
Eribo v Odunaiya and Logic Plough Property (Queen's Bench Division — 19 February 2010)
Rehabilitation: Back on track
Early intervention with rehabilitation can cut the cost of sickness absence as well as insurance claims. Leigh Jackson asks whether new developments will kick start renewed interest and take up of services in the UK.
Council admits Corby clean-up mistakes
Corby Borough Council has reached an out of court settlement with 19 young people who accused the authority of causing bodily injury by a negligent clean-up of a former steel plant.
SLS appoints Shaw
Crawford company SLS has appointed Phil Shaw as a technical manager at its Droitwich office.
Rainbow to pass BDMA
Rainbow International has launched an initiative guaranteeing that all its insurance restoration work will be carried out to exceed British Damage Management Association standards.
Apil chief to warn members over Jackson
The next 12 months will be "critical" for personal injury lawyers and their clients, according to the new president of the Association of Personal Injury Lawyers.
Volcano fallout not expected to hit insurers
Insurers are unlikely to have significant exposure to billions of dollars in lost revenue caused by the eruption of an Icelandic volcano, industry experts have claimed.
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Rainbow first to offer BDMA standards guarantee
A new initiative said to guarantee that all insurance restoration work will be carried out to exceed British Damage Management Association standards has been launched by Rainbow International.
Airline body slams lack of co-ordination over volcanic groundings
The International Air Transport Association has criticised European governments for what it claims is a "lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption". It urged a re-think of the decision-making process.
Buffett loses $1bn after Goldman charge
The value of Warren Buffett’s options to buy Goldman Sachs shares fell by over $1bn after the SEC sued the investment banking giant on Friday, according to sister publication IFAonline.
Biba 2010: The Claims Perspective
The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year¹s event, continuing with Darren Coombes…