Claims
Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
C-Suite - Insurer: False claims still a pain in the neck
Cross-industry taskforce on fraud welcome as frequency of personal injury claims rises once more
Huge loss for Chinese tyre manufacturer in Thailand
According to Verapong Chaiperm, the Industrial Authority of Thailand governor, a fire on Sunday in Sriricha, Chonburi has caused $40m (£26.6m) in losses.
ERS recruits Innovation Group to manage repair and engineering network
Motor Insurer ERS has inked a three year deal with Innovation Group that will see the claims specialist manage its repair and engineering network for cars, light and heavy commercial vehicles.
Ifed welcomes DCI Angie Rogers to anti-fraud hotseat
The Insurance Fraud Enforcement Department has confirmed the appointment of Detective Chief Inspector Angie Rogers as DCI Dave Wood’s successor as head of the City of London Police unit.
Med Co inviting claimant solicitor and insurer registrations
Claimant solicitors and insurers have been invited to sign up with Med Co Registration Solutions from 31 January ahead of the full launch of the search facility.
Cega names Hardie as group CEO
Medical assistance and claims business Cega has named health, life and accident business lead Alistair Hardie as its new group CEO.
Singapore insurance fraudster sentenced for three months
A man falsely claiming to be behind the wheel of a vehicle in an accident in April 2009 has been sentenced to three months in jail in Singapore.
Fraudster sentenced after faking burglary to make £30k claim
A fraudster who staged a burglary in order to claim nearly £30,000 on his home insurance has been handed a 10 months suspended sentence and been ordered to do 270 hours of unpaid work.
Australia: Disaster averted?
Australian insurers facing possible requests from the government to help fund mitigation projects say it is not a cost they should bear and that any funding will eventually be paid for by policyholders.
81% want tighter regulation over CMC calls
More than 80% of Britons want telemarketing firms working with claims management companies to face closer regulation and bigger fines, while 63% want unsolicited CMC communications to be made illegal, according to a study from Axa.
Former Cunningham Lindsey UK property director heads to Questgates
Specialist loss adjuster Questgates has recruited the former UK property director of Cunningham Lindsey to serve as its first business enhancement director.
Car renter trade body recruits Hill Dickinson for counter fraud drive
The British Vehicle Renting and Leasing Association has partnered with Hill Dickinson to tackle fraud in the self-drive hire sector.
Winter storm Juno brings near-record snows to Boston
A blizzard in the Northeast United States almost shattered records for snow in Boston, despite the impact in New York and New Jersey being less than anticipated.
£30m of luxury cars taken from rescued Hoegh Osaka
Luxury cars worth £30m have been rescued from stricken car transporter ship the Hoegh Osaka, which was stranded in The Solent for almost three weeks.
Zurich stands by ex-SSL directors despite £100k debt
An arm of Zurich's investment portfolio is estimated to be owed around £100,000 in rent arrears by defunct loss adjusting business SSL, according to an administrators’ report.
Insurers support mooted stress working party amid fears of claims surge
The creation of a working party to co-ordinate and develop management of workplace stress has been backed by insurers, following warnings the industry is in danger of “sleep-walking into an increasing flood of claims”.
Claims handler to use 3D printers to replicate 'irreplaceable' jewellery
High net worth policyholders could be offered identical replacements for valuable lost and stolen jewellery thanks to a new collaboration between claims handler SBS Insurance and jewellery experts at Birmingham City University.
Hacking: One step ahead
The problems caused by the question of making company systems more secure from hacking continues to prey on the industry’s mind. But just how can they stop unauthorised people from breaking down their digital doors?
Home insurance premiums sliding from stability says ABI
The latest figures from the Association of British Insurers’ premium tracker show that premiums for home insurance have begun to decline after previously showing signs of stability.
Safe driving app well received in Australia
Several thousand customers have already downloaded a safe driving app in Australia recording 20,000km of data.
Editor's comment: A market under attack
Quarter three of 2014 saw a glimmer of hope for the beleaguered UK motor insurance market, suggesting rates might be on the rise and claims might be falling as the Legal Aid, Sentencing and Punishment of Offenders Act 2012 started to take effect.
Ifed investigation into fraudster unearths cannabis factory
An electrician who conned Zurich out of £15,000 by repeatedly reporting his work power tools had been stolen has been jailed after police officers investigating the fraud found a cannabis factory at his premises.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.