Claims
Tianjin explosion death toll climbs to 114 as Allianz and Zurich receive claims
At least 114 people are dead after two huge explosions on Wednesday night at a chemical and dangerous goods warehouse in the Chinese port city of Tianjin.
Flood Re starts ‘on-boarding' process
Flood Re has started its on-boarding process that will ensure those businesses wanting to participate in the scheme are ready to use it by April 2016.
Keighley pair jailed for £167,000 fraud scam
Two Keighley men who created insurance policies for people who did not exist and then submitted 300 false personal injury referrals worth £167,000 for made-up road accidents have both been jailed for four and a half years.
Dishonest motor insurance applications exceeded 4000 weekly in 2014
Insurers uncovered 212,000 attempted dishonest applications for motor insurance in 2014 - up 18% on 2013 and the equivalent to over 4000 every week, according to the Association of British Insurers.
Blog: SME insurers need to simplify and accelerate claims handling
Small and medium-sized businesses play a vital role in the UK economy. Figures from the Department for Business, Innovation and Skills show that more than 99% of private sector businesses are SMEs.
Miss England contestant and semi-pro footballer jailed for whiplash fraud
A former Miss England contestant and ex-semi-pro footballer has been jailed for two months alongside another woman after attempting to defraud Esure out of £3000 for a false whiplash claim.
Blog: Could latest insurer tiff over motor claims costs derail CMC reform?
At the end of last month the Association of British Insurers made its latest plea to the government to tackle claims management companies amid rising motor prices.
Typhoon Soudelor leaves widespread damage in China and Taiwan
Powerful storm Typhoon Soudelor has killed at least 14 people in Taiwan and 12 in eastern China; others are missing and over 100 were injured in Taiwan.
Quindell shares plummet to 79p in first day of trading since June
Quindell’s share price fell by a third to 79p this morning as the beleaguered outsourcing provider resumed trading on the London Stock Exchange’s AIM index.
Claims Management Regulator issues first fine to nuisance CMC
A claims management company that pestered people with nuisance calls about noise induced hearing loss claims has become the first firm to be fined under new regulatory powers.
Zurich UK GI faces ‘a struggle ahead’ as H1 profit falls by 50%
Business operating profit for Zurich’s UK general insurance business halved to £50m in the first six months of 2015 (H1 2014: £100m) as the insurer suffered a higher than average number of large losses, only partially offset by benign weather.
China regulator to introduce insurer service rating system
The China Insurance Regulatory Commission is planning to rate general and life insurers based on procedures from sales to claims.
Auto Windcreens pens 10 year deal with AA following acquisition
Automotive glass repair and replacement provider Auto Windscreens has acquired the AA’s automotive glazing business AA Auto Windshields.
Quindell may pursue ex-boss Terry over accounting anomalies
Quindell may pursue Rob Terry to try and claw back some of the money paid to the former CEO and chairman following the discovery that the 2013 figures were subject to serious accounting errors.
CEO appointment imminent at Quindell as financial restatements are revealed
Quindell is on the verge of appointing a new group CEO with a mandate to lead a review of its businesses after financial restatements by the outsourcer turned the 2013 after tax profit of £83m into a £68m loss.
Asia C-Suite: Improving China's claims
A senior Chinese broker believes that clients needing to accept compromises over claims is diminishing confidence in Chinese insurers.
Axa boss Evans hails motor rate strengthening but urges 'drastic action' on CMCs
Axa UK and Ireland CEO Paul Evans has hailed the insurer’s performance in the first half, saying the growth achieved in tough market conditions is likely to outstrip many of the firm’s competitors.
Triton Global hires from Dual to replace Wilkinson in Singapore
London-headquartered claims service provider Triton Global has appointed Simone Shepherd as regional director in Singapore.
Suncorp had A$1.1bn of disaster claims in last financial year
Brisbane-based Suncorp had its worst ever year for natural disasters in the financial year finishing at the end of June 2015.
LMA publishes bluffers guide to claims
The Lloyd’s Market Association has released a bluffer’s guide to claims to help Lloyd’s practitioners understand how ongoing strategic projects, current claims processes and future initiatives fit together.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Less than 6% of SMEs have cyber insurance, says ABI Research
Global research firm ABI Research has found that less than 20% of large companies and less than 6% of SMEs have cyber insurance within the global insurance market.
Manchester fraudsters sent to jail for whiplash scam
Five people from Manchester involved in a fraudulent whiplash claim scam have been jailed for a total of five years.
Blog: What's your clients' summer protection factor?
The summer months can see increased liability when it comes to contents cover, says L&G's Kevin Roberts