Claims
Single cyber attack could cost insurers more than Hurricane Katrina
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Insurance Council of New Zealand warns on climate change after record weather year
2017 was the most expensive year on record for weather-related insured losses according to the Insurance Council of New Zealand.
Rob Townend replaces Colm Holmes as Aviva UK GI boss
Current Aviva UK general insurance CEO Colm Holmes has left the role to become president and CEO of Aviva Canada.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.
Industry braced for losses in wake of Carillion collapse
The trade credit sector is braced for heavy losses following the collapse of construction giant Carillion.
Fraudsters sentenced after staging two crash for cash incidents
A man has been jailed and three others have been sentenced for orchestrating two cases of crash for cash frauds.
Government call for evidence on holiday sickness claims closes
The Civil Procedure Rule Committee's call for evidence on holiday sickness claims closes today.
Correction: David Pigot to remain UK and international CEO of Cunningham Lindsey
On 12 January Post published a story claiming David Pigot, the UK and international CEO of Cunningham Lindsey, had left the business.
This week in Post: Shuffling and reshuffling
This week, as Theresa May reshuffled her cabinet, the insurance industry underwent its own shake-up.
Justice Select Committee needs to prove its mettle over personal injury reforms
As the Justice Select Committee prepares to hear oral evidence about the government's personal injury proposals, Carpenters director Donna Scully bemoans the unrepresentative makeup of those giving evidence at a time when those in power need to be held…
Storm Eleanor will cost European insurers over €1bn, says AIR Worldwide
Catastrophe modeling firm AIR Worldwide has estimated between €1.1bn (£980m) and €1.6bn of insured losses from winter storm Eleanor.
Cunningham Lindsey promotes and replaces Singapore CEO
Global loss adjuster Cunningham Lindsey has promoted Singapore CEO Robert Williams.
Millions of travellers being encouraged to fake illness, says ABTA
Almost 10 million Britons have been approached about making a compensation claim for being sick while on holiday, according to the Association of British Travel Agents.
Fresh capital to make reinsurance rate rise short-lived
New capital entering the reinsurance sector will wash away any relief gained from rate rises at January renewals, Aon Benfield has said.
Suncorp hit by 21,000 Melbourne hailstorm claims
Australian financial services group Suncorp has breached its nat cat allowance for the first half of the year.
Manulife brings claims online in Hong Kong
Canadian life and health insurer Manulife has created an online platform for small medical claims in Hong Kong.
Woodgate retirement not related to £75,000 fine
The departure of Michael Woodgate from loss adjuster Woodgate and Clark was not related to a criminal case that concluded last month, the company said.
Woodgate and Clarke fined £50,000 for criminal use of private investigators
Loss adjuster Woodgate and Clark has been fined £50,000 for unlawfully disclosing personal data.
Revealed: National epidemic of 2.2bn nuisance calls
Customers were bombarded with 2.2 billion nuisance phone calls related to personal injury, PPI or other insurance matter in 2017.
Aviva settles almost half of claims from Liverpool car park fire
Aviva has settled almost half of the 123 claims it had received from the Liverpool car park fire, and the firm also moved to waive the excess on customers’ policies.
Legal Update: What insurers need to know about harassment claims
As the number of harassment claims increases, insurers should consider whether they're best covered under general liability policies or specialist employment policies, recommends Joe McManus, partner at Kennedys.
Iranian oil tanker ablaze in East China Sea
Two ships colliding off the coast of China has left 32 crew members missing according to the Chinese government.
This month in Post: Power, transformation and the rise of the machines
This month, Post casted a musing eye over the year ahead. With Brexit negotiations still waging, the new General Data Protection Regulation coming into effect and Ogden reforms still looming over the industry, 2018 is set to be a busy year.
Perils revises Xavier loss estimate
Cyclone Xavier, which hit Germany in October last year, is estimated to have cost insurers €325m (£289m).