Claims
Crawford's Benedict Burke named Insurance Personality of the Year at 2017 BIA
A “seasoned campaigner,” Crawford & Company’s chief client officer Benedict Burke was handed the Insurance Personality of the Year prize at the British Insurance Awards last night for a sterling 18 months which has seen him make a mark on a number of…
LMA satellite service launches for nat cat claims
The Lloyd’s Market Association is to fund a satellite imagery and intelligence service that will enable improvements to claims processes and exposure management before and after a natural catastrophe.
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Flood Re reports pre-tax profit of £130 million
Flood Re has reported a pre-tax profit of £130 million in its end of year results after backing 127,326 policies in its first year of operation.
Analysis: After Autofocus: Where next for the credit hire industry?
Last month, seven former employees of Autofocus were collectively given prison sentences of more than five years after being found guilty of doctoring hire rate evidence to defend insurers in court against credit hire companies in thousands of cases.
Wanna Cry fails to boost cyber insurance take up
The recent surge in ransomware virus attacks has seen little increase in enquiries for cyber insurance cover, survey findings suggest.
Blog: Growing timber insurance, the essentials
Growing timber insurance is a niche market that requires expertise, be it for underwriting or assessing storm damages. Frank McGaffney, loss adjuster at Agrical, explains.
International: Marine losses
Major marine losses are flowing again as ever larger, more sophisticated ships take to the seas.
80% of claims from Cyclone Debbie are residential
Damage to homes and contents have made up 80% of almost A$1bn (£590m) of claims from deadly Tropical Cyclone Debbie.
Kennedys reports an 8% increase in global turnover
Kennedys has reported an 8% increase in turnover for the financial year 2016/17 of £149.9m (2016: £138.8m).
LMA launches claims management hub for Lloyd’s carriers
The London Market Association has approved the creation of a claims expert management hub for Lloyd’s carriers.
Businesses to face bigger costs for ransomware attacks
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
Group risk: A group safety net
With state benefits set at low levels, the safety net of group risk cover has never been more valuable. But although sales are creeping up, providers and advisers believe there is much more that could be done to grow the market
Autofocus employees sentenced to over five years for fabricating evidence
Seven former employees of Autofocus have been collectively sentenced to over five years after being found guilty of doctoring hire rate evidence to defend insurers in court.
New Zealand to increase EQC cover; Kaikoura claims hit NZ$1.84bn
New Zealand government reforms propose to increase insurance coverage for the state-backed Earthquake Commission scheme to NZ$150,000 (£86,000) from NZ$100,000.
Navigating India's fast growing aviation market
With low levels of air travel penetration and a growing economy, expansion in the Indian aviation sector brings challenges and opportunities writes Kevin Betts, Asia-Pacific director, at loss adjuster McLarens Aviation.
Mayes swaps Cunningham Lindsey for McLarens in Australia
Global loss adjuster McLarens has recruited Paul Mayes from rival Cunningham Lindsey.
This Week in Post: The Queen's Speech, whiplash and a year on from Brexit
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
Marsh Networks’ David Hopwood on the seven issues a reduced discount rate creates for SME brokers
The Ministry of Justice’s decision to set a new discount rate for personal injury compensation awards at minus 0.75% seems likely to create turbulence in the market. Following widespread criticism, the government is currently reviewing feedback from its…
MSIG promotes 'pay how you drive' in Singapore
Japan-headquartered insurer MSIG has launched a telematics car mobile app in Singapore based on driving behaviour.
ABI previously warned government over hazards of flammable cladding
Exclusive: The Association of British Insurers warned the government last month over the hazards of flammable cladding on high rise buildings like Grenfell Tower, according to documents seen by Post.
Insurers issue warning as government to test cladding on 600 buildings
Exclusive: Insurers have issued advice to local council customers, after it emerged that the government will test the fire risk of cladding on 600 buildings.
Full report: Motor Report: What's driving motor?
With trials of driverless car fleets now occupying our national roads, the motor sector is getting an upgrade like never before.
Europe: Post-Brexit travel insurance
It is unclear whether UK nationals will be able to use the European Health Insurance Card after Brexit. If they don’t, travel insurers expect higher claims costs and higher premiums.