Claims
ICA calls for A$200m disaster mitigation funding as Debbie claims rise
As claims from Cyclone Debbie rise to A$660m (£398m) the Insurance Council of Australia is urging the Australian government to increase disaster mitigation funding.
LV to cover reinsurance rate rises with higher premiums
LV will cover any reinsurance price rises as a result of the Ogden rate cut solely through premium increases.
Kieran Rigby appointed as president of Crawford International
Kieran Rigby has been appointed to president of Crawford international, encompassing the UK, Europe, Asia-Pacific and Latin America.
British Insurance Awards: 2017 shortlist revealed
Today we reveal the companies that will be in the running for the 23rd British Insurance Awards at the Royal Albert Hall.
LV takes £139m hit from Ogden cut
LV took an £139m hit to strengthen its claims reserves as a result of the decision to cut the Ogden rate.
Enterprise Act: Paying the price for paying late
With the Enterprise Act coming into force on 4 May, policyholders will now be able to claim damages for late payment of claims. Are insurers ready?
Q&A: David Nayler, British Insurance Law Association
David Nayler took the chair of British Insurance Law Association in October last year, a body whose membership derives from brokers, insurers and legal firms. He has worked at Aon for 11 years, most recently as head of financial and professional, legal…
Blog: Fronting is fraudulent
Policy history data can help insurers detect fronting.
Crash for crash gang sentenced to over 33 years following IFB investigation
A crash for cash gang have been sentence to over 33 years for carrying out a fraud that had the potential cost of £500,000.
Blog: Injured claimants are not lobby fodder
I spent 15 years working for a number of insurance companies before ‘crossing the floor’ to be the managing director of Minster Law, a claimant firm. Whether moving from insurance to the law is a step up the public approval rankings or a step down is a…
Blog: Next Gen Claims - a perfect storm is looming
Why insurers that recognise and understand the implications of the digital and data revolution will lead the way in building new claims capabilities, stealing a march on competitors.
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Making Winners work: African farm insurance
The Winners Project aims to provide a long-term-solution to the threat of extreme weather for farmers in Africa
Trade credit claim rise 'no need for concern' experts say
The sharp rise in claims paid to businesses due to non-payment is “no need for concern”, experts have claimed.
Trade credit insurers paid equivalent of £4m a week in claims last year
Trade credit insurers paid businesses the equivalent of £4m in claims every week last year.
Cyclone Debbie moves to New Zealand; IAG estimates A$140m loss
As Cyclone Debbie reached New Zealand, Insurance Australia Group estimated A$140m (£85m) of losses while loss adjuster Crawford is using drones to help.
Willis Towers Watson and AIG launch cyber cover for global airlines
Willis Towers Watson and AIG have created a cyber insurance product designed to combat the emerging risks facing global airlines.
In Depth: Using lie detectors to root out fraud
How broker Only Young Drivers is taking a novel approach to application fraud
Rising Star: Rachel Marks, Crawford & Company
Marks is a loss adjuster focusing on agricultural, rural industries and estates losses at Crawford
HCML acquires Excell Medical, opens Bristol office
Rehabilitation firm HCML has acquired Excell Medical Reporting, a Medco-registered reporting company, and opened a new office in Bristol.
Davies makes first acquisition since private equity investment
Davies Group has acquired regulatory services business Cynergie UK, its first deal since gaining a new equity backer.
Crash for cash scammers sentence following private investigation
Two crash for cash scammers have been sentenced following a private investigation that revealed £32,000 fraud.
Insurers face ‘eye-watering’ bill from discount rate changes in Scotland
Insurers face an “eye watering” bill from the decision by the Scottish government to adopt the UK’s revised discount rate.
This Week in Post: BST, the baby and Brexit
British Summer Time is now allowing us to enjoy more daylight as all our clocks moved forward an hour last weekend. Except, that is, for my 15-month-old daughter’s biological clock. For her bedtime this week, she’s decided to do her own thing. Pretty…