Claims
Ageas rolling out commercial and subsidence claims reviews in 2015
Ageas is set to follow the completion of a household claims review with an investigation into its commercial and subsidence panels next year, Post can reveal.
Ageas finalises household claims reshuffle
Ageas has completed a restructure of its household claims suppliers, appointing 21 members to its new panel.
Hong Kong ferry crashes in Macau
A TurboJet ferry traveling from Hong Kong to Macau crashed into a breakwater in Macau harbour on Friday morning injuring 70 people.
Biba welcomes ‘encouraging’ competition proposals
The British Insurance Brokers’ Association has issued its support to proposals from the Competition and Markets Authority to improve the UK’s dysfunctional motor market.
CHO hails competition probe backing for modified GTA
The Credit Hire Organisation has welcomed the Competition Market Authority’s proposals this morning as a validation for the general terms of agreement held between insurers and credit hire firms.
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.
Quindell shares down 20% at close after premium listing block
The value of Quindell’s stock has plummeted by 20% following the revelation the firm would not be able to attain a premium listing.
Quindell blocked from premium listing move
Quindell will not be allowed to move to the London Stock Exchange’s main market, it has emerged, as a result of its rapid expansion.
DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
Editor's comment: What's under the wrapping paper?
Surprises for the insurance industry usually come in the form of floods, fires and windstorms, so it must have been a welcome change for the sector this weekend when Justice Secretary Chris Grayling handed them a more pleasant gift by stepping up the…
RMS opens Singapore office
Risk modeling firm RMS has opened their fourth office in Asia with a Singapore branch.
Riot Act compensation cap threatens ‘ghettoisation’ of UK towns and cities
£2m turnover limit ‘not reflective’ of small businesses in 2014
‘User pays’ fees mooted for Claims Portal must be treated with caution
System is expected to be introduced in the fourth quarter of 2015
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Disaster Risk and Response Forum News - 12 June 2014
All the news from Post’s 2014 Disaster Risk and Response Forum
C-Suite - Insurer: Somerset: picking up the pieces
Devastation from the Somerset Levels flooding is still evident but the claims process is in full swing
Career development & CSR: Innovation’s Infront handed Gold people investment standard
Innovation Group division Infront has been awarded the Investors in People Gold Standard, making it one of the 7% of accredited organisations in the UK.
Easter New Zealand storms cost insurers $39m
According to the Insurance Council of New Zealand April's Easter storm caused insured losses of nearly NZ$46m ($39m).
Cyber crime 'costs the global economy $445bn a year'
Cyber crime is estimated to cost the global economy around $445bn a year according a report from the Center for Strategic and International Studies.
Quindell targeting premium listing 'as soon as practicable'
Quindell has stressed its commitment to a premium listing on the London Stock Exchange, pledging to update investors in the next ten days.
Industry welcomes government fraud action
Insurers have welcomed government measures to tackle insurance fraud announced today by Justice Secretary Chris Grayling.
Law Commission drops third-party fraud project from reform programme
The Law Commission has confirmed strike-out legislation relating to third-party fraud will not be included in its 12th programme of law reform.
Your say: Investing in fraud specialists
The latest fraud results announced by the Association of British Insurers demonstrate once again that fraud is a risk that our industry cannot ignore as unchecked it will eradicate any marginal bottom lines in what continues to be a tough market for most.