The legal definition of when a car is in use and how it affects an insurance claim has long been contentious. Alistair Kinley, director of policy and government affairs at BLM, takes a look at the latest ruling and its likely impact on the insurance…
Hastings shares fell this morning after saying the Ogden rate change to minus 0.25% would result in a one-off £8.4m blow.
Ecclesiastical was forced to admit the advice it gave to the Church of England related to a child abuse claim could have been handled better.
Insurers that have been pricing and reserving using a discount rate of between 0 to 1% may face a short term financial hit, analysts have warned.
Travel insurers will have to ‘signpost’ policies that have exclusions over pre-existing medical conditions.
Insurers win two-thirds of legal disputes against their commercial policyholders when a claim is disputed.
The government has set a new discount rate of minus 0.25% - a much lower number than the expected 0%.
Pricing practices in the home insurance market are under scrutiny and according to Jay Borkakoti, director, home insurance, UK and Ireland, LexisNexis Risk Solutions insurers need to use claims history data to better their understanding of property risk.
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
The Danish Financial Supervisory Authority has ordered Gefion to not expand into new territories.
Allianz was among the big winners at the 25th British Insurance Awards at the Royal Albert Hall scooping three individual awards including General Insurer of the Year.
The Spanish Private Health Alliance hit out at “possible systemic fraud” committed by British insurers offering problematic medical cover within travel policies.
Davies Group has added two firms to the group with the acquisition of GBB holdings which comprises of specialist investigation business GBB and motor engineering solutions provider Banwells.
Sedgwick has bought York Risk Services, one of the largest loss adjusters in the US.
Payouts on household flood claims could rise above the cost of damage in order to enable claimants to make their homes more resilient to future incidents, under proposals outlined by Flood Re.