Claims
Charles Taylor acquires Saudi loss adjusting business
Charles Taylor has made a strategic move to grow its loss adjusting business across the Middle East by acquiring a majority stake in Noble Inspection and Loss Adjustment Company, a licensed loss adjuster based in Saudi Arabia.
Charles Taylor buys majority stake in Saudi Arabian loss adjuster
Charles Taylor has acquired a majority stake in the Noble Inspection and Loss Adjustment Company in a bid to develop its Middle East footprint.
Merlin Claims goes into administration
Merlin Claims has gone into administration today just two months after denying that it was in trouble.
Wunelli launches driving simulator app
Telematics insurance business Wunelli has launched a smartphone safe driving simulator app which allows young motorists to test their driving skills and determine whether they can save on car insurance.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
LAS signs storm claims deal with Lloyds Bank
LAS Claims Management's specialist surveying division, Waylett & Co, has secured a deal validating storm-related roof claims for Lloyds Banking Group customers.
Typhoon Haikui to cause millions of pounds of insured losses
A typhoon that is sweeping its way through eastern China could cause up to £100m insured losses.
China suffers $8bn economic losses from July floods
Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Zurich and Weightmans tackle string of fraudulent personal injury claims
Global insurer Zurich and national law firm Weightmans have teamed up to crack down on the fraudulent claims public authorities have faced in recent months.
L&G confirms pet and travel insurance offerings
Major household insurer Legal & General has confirmed it will launch pet, travel and mid-net worth insurance products before the end of the year.
L&G premium growth offset by weather losses
Legal & General's general insurance business has been hit hard by summer flooding and the freezing weather last winter, as profit in the first half of the year more than halved to £8m compared with the same period in 2011 (H1 2011: £17m).
CILA adds voice to calls for Riot Act reform
The Chartered Institute of Loss Adjusters has thrown its support behind calls by the government and the Association of British Insurers to reform the 1886 Riot Damages Act by pledging on-going technical assistance to its members.
Rising liability claims forces Allianz to reduce exposure
Allianz Insurance has linked an increasing number of unemployed people making large liability claims to a decision to cut its exposure in the liability market.
Ex-Heath director joins HCB
Risk management specialist Health Claims Bureau is expanding its corporate risk solutions team with the appointment of Karen Gamble as head of client relations.
EA reduces flood alerts despite weekend of heavy rain
The Environment Agency has halved the number of UK flood alerts this morning after a weekend of heavy rain led to flooding and disruption in parts of south-west England and the Scottish borders.
Allianz suffers £23m weather claims loss but retail and commercial GWP grow
Allianz UK has posted bad weather claims costs of £23m for the first six months of 2012.
Novae calls time on engineering and motor reinsurance
Novae is to replace 12 of the 17 Zurich-based reinsurance underwriters who exited the business earlier this year, conceding that the Swiss operation was "overstaffed".
Discount rate consultation: How should it be set?
On Wednesday, the Ministry of Justice published a long-anticipated consultation into the methodology used by the Lord Chancellor in setting the discount rate for personal injury damages. But what exactly is being consulted on, what options are being…
Aviva COR to surpass 99% following floods, claims analyst
Aviva's general insurance result is predicted to fall 5% year on year as a result of recent unseasonable UK weather.
DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
Chinese insurers pay out ¥900m in flood claims
Insurance companies in Beijing have paid out ¥900m ($142m) in compensation after the damage caused by the floods on 21 July, the China National Radio website reported.
LAS forms UK major loss team
LAS Claims is to create a UK-wide major loss team to spearhead business growth and enhance the range of services offered to insurer clients.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Buckley Scott raids Groupama and Cunningham Lindsey for new hires
Loss adjuster Buckley Scott has made a string of appointments at its London and regional offices.