Claims
Australian disaster claims total A$5bn
Australia’s eight natural disasters in 2011 cost general insurers approximately A$5bn (£3.4bn) – more than double the 2010 figure, the Insurance Council of Australia reports.
Willis teams up to boost 'renewable energy revolution'
Willis Group Holdings has confirmed a new strategic alliance with clean energy financier Narec Capital to unlock opportunities for firms in the renewable energy market.
Post Intelligence Benchmarking: Loss Adjusters Insight Report 2011
Based on comprehensive input from 90 unique claims professionals, the Loss Adjusters Insight Report 2011 gives detailed performance insight on the broker market's 10 most commonly-used firms of loss adjusters for commodity-type claims - and also for the…
Ex-Garwyn, Crawford and Cunningham staff launch new claims firm
A six-strong team of casualty claims experts has founded a new London Market-based consultancy called Applied Claims Consultancy.
DAC Beachcroft expands in Spain and Singapore
DAC Beachcroft has made appointments in its Spanish and Singapore offices to expand its international network.
Bin Shabib and Associates joins Insuralex
Law firm Bin Shabib and Associates LLP has been elected to membership of global insurance lawyers group, Insuralex.
XL may have $185m Thai flood claims
Insurer XL has said its preliminary net loss estimates from the Thailand floods could be as much as $185m.
Penny Black’s insurance week
Penny couldn’t help but feel sorry for Eddie Edwards, construction underwriter at Chubb Managing Agent, who has been on the personal end of a metal theft claim.
Breast implant scare could leave insurers facing multi-million-pound-bill
A £400m bill could land at the door of clinics and their insurers in the fallout of the banning of Poly Implant Prothese breast implants.
Mitie wins out in four-year repair tender with LV
Mitie has secured a four-year contract to manage and deliver building repair services valued at £20m with LV.
News analysis: Ombudsman moves to end ‘one size fits all’ fees for mass complaints
FOS consultation proposes supplementary fees to tackle record PPI complaints workload.
View from the top: Time for radical action on motor
Moving to a first-party system would fix many inherent problems and directly tackle inflated costs, says Andrew Torrance, Allianz Insurance.
Market moves: New faces in the broker space
This week saw a flurry of moves in the broking sector, with both Lorica and Alan & Thomas brining in several new faces.
Claims v underwriting: Bridging the divide
While sharing the same goals, claims and underwriting are often disparate divisions. What can be done to help unify these two departments?
Pleural plaques: The definition of harm
It is now possible to seek compensation for pleural plaques in both Scotland and Northern Ireland, but not in England and Wales. How will this impact the insurance industry?
Post magazine – 12 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Names protest group calls for Lloyd's meeting over Equity censure
A Names protest group that was burdened with losses from Equity Syndicate’s 2007 account is seeking a meeting with the Lloyd’s Enforcement Board to discuss the findings of its investigation.
Deloitte predicts household premium rises of up to 10% in 2012
Household insurance premiums are likely to rise between five and 10% in 2012, according to Deloitte.
IAG revises half year perils outlook after Xmas day weather claims
Insurance Australia Group has confirmed that its Australia Direct and CGU businesses had received to date approximately 24 000 claims following the hailstorms and related severe weather which occurred in Victoria around Christmas Day.
ATE insurer Elite enters solicitors' PI market in dramatic u-turn
Legal expenses provider and after-the-event insurer Elite Insurance Company will be entering the solicitors’ professional indemnity insurance market this year in a dramatic u-turn to its position last year.
Russian plant firms face ten-fold premium rises after new law
Stringent new legislation relating to the management and insurance of plants dealing in hazardous materials in Russia is set to have far-reaching implications for companies operating in the country.
Extreme UK weather behind car claims increase
The storms that battered parts of the UK brought a 28% increase in car insurance claims over the first five days of January, compared with the same period last year, according to the AA.
BDO says insurers reduce large fraud
The finance and insurance sector accounted for 27% of reported fraud in 2011, compared with 56% in 2010, according to BDO’s annual Fraud Track.
Delta signs up fifth franchised adjuster
Franchise liability adjusting business Delta Claims Services has signed up its fifth owner operator, Tamara Hamilton-Thomas.