Claims
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…
Swinton's Richard Beaven on sharing data to combat fraud
Fraud is a perennial problem for the insurance industry. Figures from the Association of British Insurers last year have revealed that insurers detected more than 130,000 fraudulent claims in 2015, a 6% increase on the previous year.
ICA extends Cyclone Debbie catastrophe declaration to New South Wales
The Insurance Council of Australia has expanded its catastrophe declaration associated with Cyclone Debbie and its aftermath beyond Queensland to northern New South Wales.
Defective products are leading liability loss, says Allianz
Commercial insurer Allianz Global Corporate & Specialty has identified defective products and work as the leading global liability loss by studying the total value of claims over a five year period.
Truss launches Ogden rate consultation
Elizabeth Truss, Secretary of State for Justice, has launched a six-week consultation on the discount rate.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Climate change: insurers feeling the heat
The global risk landscape is currently dominated by environmental upheavals caused by climate change. The resulting catastrophes are of concern to people in general and insurers, in particular, tasked as they are with underwriting and managing ever…
AIG warns on rise in Asia-Pacific nat cat travel claims
Research from AIG Singapore suggests that high-impact incidents such as extreme weather events, virus outbreaks and socio-political volatility are the top emerging risks for Asia-Pacific travellers in 2017.
Criminal gang sentenced after five year investigation carried out by IFED
A criminal gang have been sentenced for their involvement in sophisticated fraud following an investigation carried out by the Insurance Fraud Enforcement Department.