Claims
Hiscox found not guilty in ICO criminal prosecution
Hiscox has been found not guilty of breaching the Data Protection Act in a court case brought against it by the Information Commissioner’s Office.
Brit sees major losses of $250m
Brit saw its combined ratio rise to 112.4% last year following major loss claims of $250m (£177.8m).
This week in Post: Funding, fraud and finding life after Brexit
This week, the insurance industry received the news that the government’s controversial whiplash reforms are likely to be put into effect in April next year.
Allianz P&C profits sink following ‘costliest year ever’
Allianz saw claims of €1.1bn (£970m) from natural catastrophes last year, as the company described it as “the costliest year ever for the insurance industry”.
Blog: Escape of water claims must be investigated to stop rising cost
Insurers want to tackle the rising costs of escape of water claims but not enough are investigated to detect fraud or identify third-party liability, argues John Gow, operations manager and senior investigator, IFIC Forensics.
TMK syndicates forecast 2017 loss
Tokio Marine Kiln expects its Lloyd’s syndicates to post a loss for the 2017 year of accounts as a result of fourth quarter catastrophe losses.
Nat cats push Lancashire into loss at full year
Lloyd’s insurer Lancashire reported a net loss of $71.1m (£50.5m) for 2017 as fourth quarter natural catastrophes took their toll on its bottom line.
Kanye West settles lawsuit against Lloyd’s syndicates
Kanye West has settled his lawsuit against Lloyd's of London syndicates.
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Blog: Need a new CEO? You could do worse than look at your claims manager
Roll back six years and I remember David Williams, on taking a new role as director of underwriting at Axa, calling for parity in remuneration between claims professionals and others.
Q&A: DCI Andy Fyfe, Insurance Fraud Enforcement Department
Two months on from his appointment as head of the City of London Police’s Insurance Fraud Enforcement Department, Post sat down with detective chief inspector Andy Fyfe to discuss the ways Ifed is tackling insurance fraud.
Bought by Many launches 'no form' claims process
Bought by Many has launched a 'no form' online claims process for customers claiming on their pet insurance.
Premier League injuries cost £134m this season
Premier League football clubs have paid out more than £134.2m in wages to injured players so far this season, according to JLT Specialty.
Adjusters 'must demand Brexit clarity from insurers'
Loss adjusters working for multi-national insurers in Europe must challenge them on their Brexit preparations, said Paul May, director of the International Association of Adjusting Federations.
Keoghs completes acquisition of Hill Dickinson's GI business
Keoghs has completed its acquisition of Hill Dickinson’s general insurance business.
Analysis: Zoo insurance: A walk on the wild side
Zoo insurance is a niche market, with only a few underwriters and brokers, all very much focused on managing a ferocious variety of risks for visitors, staff and animals
‘Tidal wave’ of alternative capital to disrupt reinsurance market: Aon CEO
Reinsurance renewal rates were beaten down on 1 January by alternative capital markets, Aon Benfield’s CEO said, warning they are poised to be a major disrupter against traditional reinsurance in future.
The ABI's James Dalton on Carillion and the canary in the coal mine
The collapse of the construction giant Carillion serves as a warning sign that businesses need adequate insurance coverage, says James Dalton, director for general insurance policy at the Association of British Insurers.
Beazley sees profit fall from nat cats
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.
Blog: Personal and cyber - connecting the dots
James Tucker, smart technology manager at Allianz, explains why insurers should consider creating an all-encompassing personal cyber cover.
Interview: Charlotte Halkett and Darius Medora, Buzzvault Insurance
Charlotte Halkett, one of the founding members of Insure the Box, caused waves when she moved to launch an insurance business of a removals booking firm Buzz Move in September last year.
CNA Hardy's Dave Brosnan on bumps in the road as businesses go global
Boards shouldn't turn their attention away from corporate, compliance and supply chain risks, warns Dave Brosnan, CEO of CNA Hardy Europe.
IFB enters partnership with Mohawk Security to boost investigation strategies
The Insurance Fraud Bureau has signed a contract with Mohawk Security in order to more effectively combat fraud.
Analysis: Product recalls: Bringing it back
Whether it’s a tumble dryer that catches fire or baby milk that’s contaminated with salmonella, an increase in safety concerns is putting product recall insurance in the spotlight. With the frequency and severity of claims on the up, there are concerns…