Claims
Flood Re completes exec team with hires from Pro Sight and Pen
Flood Re has completed its executive team with the appointment Harriet Boughton as its general counsel and Karen Clautour as head of operations.
Home insurance fraudster handed suspended sentence
A 37-year-old man who made a fraudulent claim for £34,000 worth of items on his LV home insurance policy has been given a suspended jail sentence following an Insurance Fraud Enforcement Department investigation.
Blog: Shoulder to shoulder through the floods
People in Cumbria have been hit hard by floods and the CILA president Benedict Burke saw first hand how residents are feeling.
Subsidence: A close call with cracks
While subsidence claims have been insignificant of late, some subsidence experts believe another event year could be around the corner.
Insurers encouraged to improve claims experience as poll highlights delays
More than two in five (41%) motor and home insurance customers have suffered delays and problems when making claims, according to research by Consumer Intelligence.
Pre-April renewal flood victims facing hiked household premiums
Flood victims who are due to renew their household insurance policy before the April introduction of Flood Re will be faced with inflated premiums, amid widespread rate reductions elsewhere.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
Esure secures insurance fraud verdict over Breitling claim
Esure has won a victory in the fight against insurance fraud after a man was found guilty after falsely claiming on his home insurance policy for a £6000 Breitling watch he never owned.
Zurich commercial broker and claims director Spencer to depart
Zurich UK’s commercial broker and claims services director Adrian Spencer is to step down at the end of January as part of wider cost cutting at the insurer, Post can reveal.
Flood victims given £24m by insurers in emergency payments so far
Insurers have forked out almost £24m so far on emergency payments to families and businesses effected by the floods caused by storms Desmond, Eva and Frank during December and over the New Year.
NZ$115m of New Zealand catastrophe insured losses in 2015
Natural disasters cost insurers in New Zealand NZ$115m (£52m) last year down from NZ$153m in 2014 according to the Insurance Council of New Zealand.
IAG used drones to help assess Victoria bushfire damage
Australian insurance giant IAG is using drones to help assess damage from bushfires for the first time.
A$60m of claims from Western Australia bushfires, says ICA
There has now been an estimated A$60m (£29m) of claims from bushfires in Western Australia according to the Insurance Council of Australia.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Quiz of the week - 8 January
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.