Claims
Thieves without frontiers
Cross-border fraud is a big threat for European insurers and to tackle it, they must work together and share information to fight crime. However, data protection is causing its own issues, writes Stephanie Denton.
The whole picture
Despite their importance to many insurers, brokers are often forgotten when it comes to the servicing of claims. Ana Paula Nacif reports on the benefits providers may achieve by addressing this issue seriously.
From Bromley to Brentford
Charles Crawford, chief executive of the Davies Group, talks to Jonathan Swift about developing his skills in a different sector, strengthening client relationships and his future plans for the business.
QBE sued for bad faith claims handling
QBE is being sued for over $500m in Miami for bad faith claims handling practices
Validus appoints new head of business development
David Dering joins from Capita
Marsh the broker for Pennsylvania nuclear radiation leak, sources
Marsh are the broker for the Three Mile Island nuclear plant where a radiation leak is currently being investigated according to sources.
Capita insurance services boss to join Xchanging
Former Hiscox ops boss Pell looked after the outsourcing giant's Lloyd's business.
ABI expects Cumbria flood bill not to top £100m
Insurers have received 1000 claims so far.
S&P, Moody’s and Fitch in Ohio lawsuit
Ohio’s attorney general has filed a suit against Standard & Poors, Moody’s and Fitch, claiming that the agencies provided misleading credit ratings that cost state funds hundreds of millions of dollars.
Lloyd’s, Aon and Hiscox may be hit by piracy claims, sources
Aon is the broker for the Maersk marine fleet which has been repeatedly targeted by Somalian pirates including in an attack this week, according to market sources. Lloyd’s and Hiscox have also been named.
Smoker wins record payout
Florida judge awards ex-smoker $56.6m for medical expenses and $244m in punitive damages from maker of Marlboro cigarettes.
Ruling paves way for Katrina lawsuits against the US Army
Hurricane Katrina victims have been awarded damages in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier to storm surge.
Councils gain more powers to manage floods
Flood and Water Management Bill published today
UK takaful insurer into run-off reveals Post
The self-proclaimed first Shariah-compliant general insurer in the UK, Salaam Halal Insurance, has gone into solvent run-off, Post Magazine revealed exclusively this week.
Out with the old
Opportunities for claims handling leakage exist and cost insurers millions of pounds a year. But modern systems can help insurers to reduce it in many ways, writes Katie Doyle.
Out of time
Rob Withers questions whether insurers are practising what they preach when it comes to health and safety regulations.