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Claims

RSA boss: CMCs not cause of referral fees

RSA's UK chief executive Adrian Brown has called for action against "hefty" lawyer fees and the amount they pay claims management companies rather than targeting CMCs themselves.

MYI global offering shake-up

Loss adjusting group McLarens Young International has ceased working with its affiliate partner in Canada with immediate effect and will shake-up other regions soon.

Postbox: Squaring a difficult circle

David Bonehill's letter 'Bursting for Improvement' quite correctly referenced the scale of the burst pipe and escape-of-water claims either side of last Christmas. He also correctly identified the finite resource that is the UK loss adjusting profession…

Post Magazine – 4 August 2011

This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.

Chameleon: not every claim is whiplash

Claims management solutions provider, Chameleon, is set to roll out its third party assistance broker and insurance service on fault and non-fault claims. It follows the first results from an ongoing pilot which it says has proven significant cost…

Mphasis acquisition broadens reach

IT services company Mphasis has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of insurance policy administration solution Wynsure.

Keoghs reports 47% rise in fraud

Law firm Keoghs claims its counter-fraud team helped insurers in the UK avoid paying £100m to fraudulent claimants in its last financial year – a 47% increase on the previous year.

European brokers set to benefit from IP growth

The value of intellectual property has come to the fore in recent months and according to Sam Bobo smart European brokers will be investing in developing insurance for this area in order to corner an expanding market.

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