Claims
Comment - RTA scheme extension: Desirable data
After a year in operation, the RTA claims process is coming under scrutiny to determine whether it is actually working. Tim Wallis explains why statistical analysis is useful and desirable, but also difficult, at this stage.
Group unveils ABS plan despite delay
Triton Global has "stuck its head above the parapet" to announce it is ready to become an alternative business structure, as soon as it has the green light from the Solicitors Regulation Authority.
Crawford axes up to 50 as claim volumes fall
Loss adjuster Crawford & Company is to make as many as 50 people redundant, including managers, after a business review flagged up a fall in household claims.
North of the Border: lack of consensus on cost reform
How quickly and cost-effectively will future claims in the Scottish courts be dealt with? The Gill review of Scotland's civil court system sought to provide a comprehensive answer to this question but has yet to be implemented.
XL seeks alternative to non-disclosure clause
XL Insurance is in the process of drawing up an alternative to risk management trade body Airmic's model 'non-disclosure clause', in a bid to encourage insurers to sign up to it, Post has learned.
Postbox: Fraud problem underestimated
I am writing to address the comments in the last edition of Post from Simpson Millar partner Emma Costin 'Co-operative attacked over PI claims fraud focus' , who I believe is underestimating the growing issue of false personal injury claims.
Garwyn begins another CEO hunt
Private equity-owned specialist liability loss adjuster Garwyn is to appoint a new chief executive officer to replace Stewart McCulloch "in due course," just 13 months after he joined the business.
Postbox: Adjusters at the mercy of fickle insurers
David Bonehill's letter has clearly provoked a significant response — and rightly so.
Postbox: Mediation is a viable alternative
The various debates surrounding the future of referral fees and the resulting impact on the costs of insurance — 'TSC re-opens premiums inquiry as referral fee furore escalates' and 'Referral fees a 'red-herring', claims CSC' - overshadow the fact that…
Postbox: Independents can help lessen the load
I agree that there is room for improvement where surge response is needed.
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Esure confirms it has an "option" to increase stake in Go Compare
Results filed at Companies House in the last week have revealed that Esure Holdings has an option to increase it stake in aggregator Go Compare.
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
AI Claims on track to hit profit forecast despite downturn in accidents
AI Claims has reported that its trading profit in the financial year is in line with market expectations.
Equity Claims appoints WNS
Equity Claims has appointed WNS Assistance to handle its approved repair scheme for private car and light commercial vehicle accidents across the UK outside London.
Coene appointed Europe MD for QBE
QBE has appointed Patrick Coene as managing director, European Markets.
Scor acquires 100% of the capital of Solareh SA
Scor Global Life SE, a subsidiary of Scor SE has acquired the remaining 50% of Solarah SA shares by purchasing shares from Solareh International.
Scientific research improves extreme weather planning
Insurers and commodity markets can make better risk decisions thanks to increased scientific knowledge about the twin climate cycles, El Niño and La Niña.
Airline carriers see lowest losses in six years
The airline industry experienced an eerily quiet first half of the year, with losses of just $400m, the lowest total in six years, according to the latest report from the Aerospace division of Willis Group Holdings.
Fraudsters jailed for £100 000 insurance scam
A team of fraudsters who attempted to cheat insurers out of £100 000 have been warned by a judge that a message "must go out" that people involved in large-scale insurance fraud will receive prison sentences.
Fitch affirms Lloyd's of London IFS rating at A+
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength rating at 'A+'.
Crawford announces up to 50 redundancies
Crawford & Company said that it expects less than 50 roles to be made redundant as a result of its business review.
Argent Liability Adjusters prepares for major loss capability expansion
Argent Liability Adjusters has responded to increased client and market demand by forming a major, complex and specialty loss practice.