Claims
Iceberg Basements: What lies beneath
Iceberg basements have made media headlines as the mega-rich create extra room for their luxurious lifestyles. These developments also throw up a unique set of challenges for insurers.
Sydney hailstorm costs rise above A$100m
The hailstorm which hit Sydney on 25 April has seen 19,000 claims and A$125m (£65m) in losses according to the Insurance Council of Australia.
Blog; The need for partnerships
BLM partner and head of claims solutions, Vivienne Williams, and Cunningham Lindsey client partnerships director, Mark Gilbert, have brought the two organisations together to launch Profecta, a service for corporate and professional indemnity claims…
Quiz of the week - 1 May 2015
How much do you know about insurance developments in the last seven days?
Ex-LV employee among three arrested for suspected fraudulent
Three people across Bournemouth and Poole have been arrested following an Insurance Fraud Enforcement Department investigation into the suspected fraudulent sale of LV's confidential customer information.
ABI tracker sees 2% dip in motor premiums
The average price paid for private comprehensive motor insurance fell 2% from Q4 2014 to £360 in the first quarter of 2015, according to the Association of British Insurers' quarterly premium tracker.
Three charged with insurance fraud in Singapore
Three men have been charged with making dishonest claims in a Singapore court yesterday (29 April).
Nepal's largest reinsurer cites $160m exposure to earthquake
The devastating earthquake in Nepal is expected to cost the largest reinsurer in the country GIC Re no more than $160m (£104m).
ABI premium tracker shows home rates down 2% in Q1
Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
New South Wales' storms to cost IAG A$300m
Insurance Australia Group is counting the cost of two damaging storms in the same week.
Philippines' GI profits surged in 2014 from low base
The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from 822m pesos of profit in 2013.
Aviva and Covéa join fraud task force working party
The insurance fraud task force has set up a working party to examine where issues arise in the personal injury claims process.
Insurers told to change ways or lose loss adjusting capacity
Insurers have been warned of the potential consumer detriment of in-housing claims by loss adjusting bosses who have backed the stance taken by Chartered Institute of Loss Adjusters' deputy president Benedict Burke over the industry’s ability to provide…
Axa claims tool launched to broker market
A digital claims tracking tool is now available to the entire broker market following the completion of pilot projects with Bluefin and Brokerbility.
Insurers and claimant solicitors partner on fraud initiative
Insurers have teamed up with claimant solicitors to offer a service aimed at preventing fraudulent claims entering the compensation process.
Legal Update: Jurisdiction: Weigh up the cost of bringing claims home
Rachel Moore looks at the issues surrounding English courts hearing claims originating overseas.
North of the Border: Informed consent appeal allowed
Times have changed for the doctor/patient relationship –material risks must be disclosed.
Sydney hit by heavy hailstorm
A major hailstorm on Saturday (25 April) has damaged commercial property in Sydney causing some business disruption.
Death toll climbs after Nepal earthquake
At least 3218 people have died and 6500 people have been injured after a 7.8 magnitude shallow earthquake struck in Nepal over the weekend.
Blog: Lapso loses its lustre
Allianz's Graham Gibson on why the positive benefits seen directly after Laspo have started to wear off.
New South Wales storm claims rise to 24,250
There have been 24,250 insurance claims so far after this week's powerful storm in New South Wales.
Tripping claim fraudster given custodial sentence
A woman who attempted to claim £26,000 for alleged injuries sustained from a pothole trip was handed an 18 week custodial sentence and 240 hours of community service at the Blackpool Magistrates Court this month.
Apil president calls for compulsory PL cover
Association of Personal Injury Lawyers president Jonathan Wheeler has set his sights on securing compulsory public liability insurance in the UK in a bid to “drive up safety standards among public-facing businesses”.
AIG reappoints Cunningham Lindsey as Tutoki fallout subsides
AIG has reinstated Cunningham Lindsey as a claims partner after dropping the loss adjuster last year over the latter’s appointment of Jane Tutoki as global CEO, Post understands.