Claims
Storms' insured loss estimate increases to £1.4bn
Latest estimates from accounting firm PWC suggest insured losses from storms Desmond, Eva and Frank, which battered the UK in December 2015, could reach £1.4bn as Prime Minister David Cameron yesterday (3 January) pledged £40m to repair and improve flood…
Airmic urges a 'pragmatic and flexible' approach for corporate customers following flooding
The current flooding in the north of England has underlined the need for businesses to buy insurance that is fit for purpose, and to support it with effective crisis planning according to the Association of Insurance and Risk Managers.
Insured catastrophe losses were $27bn in 2015, says Munich Re
Insured natural catastrophe losses were $27bn (£18.3bn) in 2015 down from $31bn in 2014 and an average of $34bn over the past 30 years according to reinsurance giant Munich Re.
Penny Black's Ghost of Christmas Keys
Last year at Keycare alone, 25 claims were made on Christmas Day for lost keys. Penny wonders if the ghosts of Christmas Past, Present or Future were involved.
More rainfall predicted as Cunningham Lindsey calls in international team to help cope with Storm Eva claims
A team of specialist property adjusters, from Cunningham Lindsey's overseas offices in Canada, New Zealand, Australia and South Africa, will be arriving in the UK from 5 January 2016 to boost the firm's expert technical resources.
Government insists whiplash reforms will be introduced "as soon as possible"
Insurers have committed to give customers 100% of the savings made from new Government reforms to reduce fraudulent whiplash claims, it was announced today.
Insurers warned flooding losses could exceed £1bn in wake of Eva
The insured losses from the 2015 flooding could exceed £1bn in the aftermath of storm Eva, endangering some firm’s end of year results, an industry expert has warned.
Penny Black's Christmas questions 2015: What does an insurer's Christmas look like?
What are insurers and brokers up to at Christmas? Post has asked them how they celebrate the festive season and found out a lot of them like to hear the bells ringing out for Christmas Day.
Crawford appoints Malaysia boss Fong to Asia CEO role
Crawford & Company has promoted the boss of its Malaysian operation, Phillip Fong, to the role of CEO of Asia.
Customers hit by flooding get policy extension from Euler Hermes
Trade credit insurer Euler Hermes is offering a 30 day policy extension for clients hit by Storm Desmond or subsequent flooding.
Storm Eva to bring more rain to northern England
More bad weather and possible flooding is on its way to northern England ahead of Christmas, with Storm Eva set to bring heavy rains and up to 70mph winds in coming days.
Unrecovered stolen vehicles cost insurers £450m last year
Stolen vehicles not recovered by police represent an estimated £450m cost to insurers in 2014, based on figures from a Freedom of Information request by anti-fraud company Asset Protection Unit (APU).
Watchstone shares skyrocket as ex-Quindell investors receive pay-out
Shares in the business formerly known as Quindell have skyrocketed following the re-named Watchstone Group’s re-entry onto the junior AIM stock exchange.
Covéa reports 180% increase in claims volumes after floods
Covéa Insurance has experienced a 180% increase in claims volumes to date as a result of Storm Desmond which hit North West England on 5 and 6 December.
Blog: Why resilient repairs are the long-term solution
In the immediate aftermath of this month's floods in Cumbria, the focus of the locals and the press was on the flood defences and how they had performed - or not performed, as it was perceived.
Aviva notes 19% rise in cash for crash as 4000 suspect claims are studied
Aviva has revealed it is looking into more than 4000 suspect whiplash claims after confirming it received five of the 28 fraudulent claims involved in a major cash for crash ring in Wales that cost insurers more than £763,000.
Insurers pay millions to those hit by Storm Desmond
Insurers have paid out £2.6m in emergency funding and housed 1500 families in alternative accommodation following Storm Desmond, according to analysis by the Association of British Insurers.
Man-made disasters increase insured losses
Total economic losses from natural and man-made disasters will hit approximately $85bn (£56bn) this year, with $32bn of those losses covered by insurance.
High Court PI claims at a five year high, law firm finds
The number of personal injury claims at the High Court has reached its highest level in five years, according to figures obtained by law firm Nockolds.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
QBE succeeds in £500,000 contempt of court action
QBE has won a £500,000 contempt of court action against a customer, who was sentenced to an immediate three month custodial sentence on 15 December.
BLM becomes ABI’s first associate member
Law firm BLM has become the Association of British Insurers’ first associate member.
Insurers should prepare for claims after MPs' fracking decision
Insurers must brace themselves for claims from disgruntled homeowners and businesses following MPs voting today (16 December) to allow fracking under national parks in the UK.