Claims
Beachcroft: FSA product intervention marks “a major U-turn” in approach
Matthew Rutter, financial services partner at Beachcroft, has said the FSA’s feedback statement on product intervention – its powers to stop or intervene over financial services products – marks a major U-turn in its approach.
XL estimates US weather losses of $75m
XL Group has estimated that severe weather occurrences, including tornado activity, in the US in April and May caused losses of $50m to $75m, with the majority attributable to XL’s reinsurance segment.
Man pleads guilty to faking his death in insurance scam
A man has has pleaded guilty to faking his own death in Honduras to claim insurance benefits and claiming pensions relating to another person.
Biba presents petition on fees to MP
The British Insurance Brokers' Association has presented a petition of nearly 7000 member signatures to Jonathan Evans MP calling for the government to accelerate the Financial Services Authority’s review of the Financial Services Compensation Scheme…
Volcanic ash responsible for 45% of European trip delay claims in 2010
The Travel Metrics survey, carried out by Finnacord, has analysed the travel habits, insurance uptake and claims behaviour of 6 000 consumers in France, Germany, Italy, the Netherlands, Spain and the UK.
Biba presents petition on fees to MP
The British Insurance Brokers' Association has presented a petition of nearly 7000 member signatures to Jonathan Evans MP calling for the government to accelerate the Financial Services Authority’s review of the Financial Services Compensation Scheme…
Volcanic ash responsible for 45% of European trip delay claims in 2010
The Travel Metrics survey, carried out by Finnacord, has analysed the travel habits, insurance uptake and claims behaviour of 6 000 consumers in France, Germany, Italy, the Netherlands, Spain and the UK.
Post Europe: View from the Top: No need for European consumer collective redress
The European Commission is continuing to push for a system of collective redress for consumers that would allow a type of class action litigation.
View from the Top: No need for European consumer collective redress
The European Commission is continuing to push for a system of collective redress for consumers that would allow a type of class action litigation.
Career development & CSR: Himalayan trek challenge win
Staff from loss adjuster Questgates beat three other teams and raised £12 000 in The Prince's Trust Himalayan Action Insurance Challenge.
Career development & CSR: CILA and III to mutually recognise qualifications
The Chartered Institute of Loss Adjusters and the Insurance Institute of Ireland have reached an agreement to formally recognise each other's qualifications to promote closer co-operation and encourage professional development both in the UK and Republic…
Airmic 2011: New contract clause seeks to prevent claim avoidance
Inadvertent omissions in underwriting information will no longer allow insurers to walk away from claims. At least, that is the hope of corporate buyers preparing to insist on the inclusion of a new model clause in contracts unveiled on Tuesday at the…
Editor's coment: Restoring good faith
After more than a year in gestation, Airmic finally unveiled its new model clause on Tuesday at its annual conference in Bournemouth.
Law report: Disagreement over late changes must be resolved
This law report has been contributed by national law firm Berrymans Lace Mawer.
Post history - 30 years ago: Iraq conflict sees shipping salvage soar
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Kennedys opens ninth international office
Dispute resolution law firm Kennedys has created an Irish operation through a merger with Dublin firm O'Hare O'Connor Walshe.
Time to strap on the footie boots again
Sign up now for the 2011 Prince's Trust Insurance Cup.
Cyber risks - Liability update: Privacy policed
Public and political awareness of cyber risks is on the rise as high-profile cases hit the headlines. Patrick Hill and Hans Allnutt review the effectiveness of existing cover options and detail unconventional developments.
Law report: Losses claimed must be included in detail from the start
This law report has been contributed by national law firm Berrymans Lace Mawer.
Syndicates take legal action against Jackson promoters
Talbot Underwriting, Cathedral and EBI have taken legal action against AEG Live, the promoters of Michael Jackson's This Is It tour, as the Lloyd's syndicates upped the ante in repudiating a multi-million-pound claim.
Airmic 2011: Risk blindness threat to company stability
Company boards' tendency to develop "risk blindness" in the pursuit of reward and opportunity can bring down otherwise successful entities overnight, according to new research by Cass Business School. The first findings of a two-stage study have…
Law report: Dismissal due to dishonesty by doctor was right decision
This law report has been contributed by national law firm Berrymans Lace Mawer.
Insurers in line for a £4.8bn windfall from referral fees
Motor insurers stand to pocket billions in extra income a year if a recommendation to retain referral fees is acted on, a leading personal injury lawyer has claimed.
View from the top: Trust is our bedrock
Last month, I attended the funeral of a good friend, Damien Doran, who worked for Perkins Slade, a great broking firm in Birmingham. Damien was the best of our industry. A man you could rely on to do the right thing for his clients, respected by everyone…