Claims
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
PI nuisance calls and texts among top complaints received by ICO
The Information Commissioner’s Office saw a 12% increase in complaints regarding nuisance calls and texts in 2014, the data protection watchdog’s annual report showed.
Alistair Hardie leads MBO at Cega
Alistair Hardie has led a management buy-out at claims handler and medical assistance company Cega after the firm secured funding from NatWest.
MGAA launches outsourced claims procurement guidance
The Managing General Agents' Association has today published best practice guidelines for its members covering the procurement and management of outsourced claims handling services.
Editor's comment: Travel without fear
Last week, the world was stunned by the atrocities that took place in the holiday resort of Sousse in Tunisia, where 38 innocent tourists – mainly from the UK – and some locals were gunned down by an Islamic State terrorist while enjoying themselves on…
Market Moves - 2 July 2015
Find out the movers and shakers in the insurance industry this week.
Ruling clarifies stance on payouts for not 'appreciably worse off' NIHL claimants
A legal ruling where a claimant who had suffered noise induced hearing loss caused by her employment but was not compensated because the extent of the damage did not constitute a disability could have significant ramifications for the wider insurance…
ICA claims revised Australia insurance code is "self-regulation benchmark"
Australia's revised General Insurance Code of Practice came into full effect today (30 June) after a 12 month transition.
Insurers sticking by Autoglass in wake of consumer criticism
Insurers that maintain commercial partnerships with Autoglass have vowed to work alongside the embattled windscreen repairer to address criticism of the firm’s service levels following its decision to scrap its branch network.
Quindell shareholders to seek compensation under Financial Services and Markets Act
Quindell is expected to announce "significant restatements" of accounting policies, along with write-downs on a number of companies bought in the 2013 to 2014 period, according to the lawyer coordinating a shareholder action against the firm.
Legal Update: Look both ways
Contributory actions of pedestrians should be considered when mounting a defence, says Richard West.
Blog: mobility scooters and the law
It is estimated there are around 350,000 people in the UK who regularly use mobility scooters. Following the European Court of Justice decision in Vnuk v Zavarovalnica Triglav, the Department for Transport is considering the impact of the case on the…
Quindell delays 2014 results announcement
Troubled service provider Quindell has said its audited 2014 accounts will not be published by tomorrow (30 June) as planned.
FWD’s Gaughan, Ingenie, LV and Aviva among winners at first Insurance Marketing and PR Awards
FWD founder Michael Gaughan was crowned the winner of the achievement award at the inaugural Insurance Marketing & PR Awards this afternoon.
Post news editor Callum Brodie declared journalist of the year at Biba awards
Post news editor Callum Brodie won a hat-trick of awards at the British Insurance Brokers’ Association journalist of the year awards this afternoon, including the top prize.
FCA seeks industry feedback on value of publishing claims ratios
In a discussion paper published today, the Financial Conduct Authority has set out and invited comments on options for the publication of product value data, following concerns about poor value and a lack of effective competition in general insurance…
Blog: Telematics - driving fleets forward
Ask a White Van Man if he'd like a ‘spy-in-the-cab' black box and you'll get a colourful answer. But what if that black box could save lives?
Blog: Does the flood resilience certificate go far enough?
Chris Hall takes a look at potential issues with Chartered Insurance Institute's new generation claims group for the creation of a flood resilience certificate for household properties.
Blog: Live entertainment - a risky business if you're not protecte
In the UK alone, independent music festivals are now worth an estimated £1billion to the economy. And as festivals continue to grow in popularity and profitability, so too does the amount of money being invested.
FCA commences investigation into Quindell as it suspends AIM trading
The Financial Conduct Authority has confirmed it is conducting an investigation into Quindell in relation to public statements made about the outsourcing company's financial accounts during 2013 and 2014.
VRS Vericlaim buys Certo
Sedgwick-owned specialist loss adjuster VRS Vericlaim has purchased claims handler Certo in a bid to boost its third party administration and commercial loss adjusting capacity.
MIB reports 4.6% rise in hit-and-run accident claims
The number of claims relating to hit-and-run accidents increased 4.6% between 2013 and 2014, according to the Motor Insurers' Bureau.
Market Moves - 22 June 2015
Find out who has moved where in the world of insurance this week.
Cyber attack on Polish airline grounds 1400
Polish airline LOT was forced to delay flights for five hours last Sunday (21 June) after a cyber attack on its ground operations systems.