Claims
Private prosecution service launched for fraudulent claims
A law firm and an investigation company have partnered to offer insurers a private prosecution service for fraud cases that would see payment of reasonable costs from a central fund.
Birmingham top UK area for jewellery claims
Birmingham received more claims for lost and stolen jewellery than any other UK area in 2014, according to research from Churchill Home Insurance and LMG Jewellery.
Swift MID policy cancellation advised as 'archaic' certificate rule is scrapped
Insurers have been advised to promptly update the Motor Insurance Database to avoid continuation of liability after the "archaic" rule requiring a motor insurance policyholder to return their certificate of insurance in the event of cancellation was…
Deregulation Act: Cutting ties
Section 9 of the Deregulation Act 2015 will make it easier for insurers to cancel policies – but they must remain fair to customers.
Market Moves: 9 July 2015
Who has moved where in the insurance industry this week.
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Medco: Teething troubles
Medco launched just three months ago, as the government attempts to tackle spurious whiplash claims. Opinions on how the system has performed since then vary enormously
Fraudster who claimed £40,000 losses from shop fire handed suspended sentence
A fraudster who exaggerated the value of a large claim against RSA has been sentenced to 10 months in prison, suspended for twelve months, and ordered to do 160 hours Community Service.
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
Post reveals consumer champions as Trust Insurance Taskforce
As part of its campaign to improve trust in the insurance industry Post has announced a taskforce of consumer champions, who will challenge insurers thoughts, beliefs and processes, and provide much need feedback and a realistic view of what customers…
AA sees spate of motor claims from ‘giant' hailstones
AA Insurance estimates hailstorms last week in the north east of England have damaged 1700 cars worth up to £1.5m.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
PI nuisance calls and texts among top complaints received by ICO
The Information Commissioner’s Office saw a 12% increase in complaints regarding nuisance calls and texts in 2014, the data protection watchdog’s annual report showed.
Alistair Hardie leads MBO at Cega
Alistair Hardie has led a management buy-out at claims handler and medical assistance company Cega after the firm secured funding from NatWest.
MGAA launches outsourced claims procurement guidance
The Managing General Agents' Association has today published best practice guidelines for its members covering the procurement and management of outsourced claims handling services.
Editor's comment: Travel without fear
Last week, the world was stunned by the atrocities that took place in the holiday resort of Sousse in Tunisia, where 38 innocent tourists – mainly from the UK – and some locals were gunned down by an Islamic State terrorist while enjoying themselves on…
Market Moves - 2 July 2015
Find out the movers and shakers in the insurance industry this week.
Ruling clarifies stance on payouts for not 'appreciably worse off' NIHL claimants
A legal ruling where a claimant who had suffered noise induced hearing loss caused by her employment but was not compensated because the extent of the damage did not constitute a disability could have significant ramifications for the wider insurance…
ICA claims revised Australia insurance code is "self-regulation benchmark"
Australia's revised General Insurance Code of Practice came into full effect today (30 June) after a 12 month transition.
Insurers sticking by Autoglass in wake of consumer criticism
Insurers that maintain commercial partnerships with Autoglass have vowed to work alongside the embattled windscreen repairer to address criticism of the firm’s service levels following its decision to scrap its branch network.
Quindell shareholders to seek compensation under Financial Services and Markets Act
Quindell is expected to announce "significant restatements" of accounting policies, along with write-downs on a number of companies bought in the 2013 to 2014 period, according to the lawyer coordinating a shareholder action against the firm.
Legal Update: Look both ways
Contributory actions of pedestrians should be considered when mounting a defence, says Richard West.
Blog: mobility scooters and the law
It is estimated there are around 350,000 people in the UK who regularly use mobility scooters. Following the European Court of Justice decision in Vnuk v Zavarovalnica Triglav, the Department for Transport is considering the impact of the case on the…
Quindell delays 2014 results announcement
Troubled service provider Quindell has said its audited 2014 accounts will not be published by tomorrow (30 June) as planned.