Claims
Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
Biggest changes in Scotland for a generation offer a mixed outcome for insurers
Plexus Law's Cameron McNaught discusses the potential impact of Scottish government proposals for court reform
Crawford completes Buckley Scott buy
Loss adjusting giant Crawford has acquired construction and engineering specialist Buckley Scott, Post can reveal.
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
Aviva seeks consultation on cashless compensation for minor motor injuries
Claimant lobbyists dismiss proposals in insurer’s report as ‘ludicrous’
Significant rate increases likely after disastrous period for aviation market
Sector facing highest losses since 9/11 following spate of tragedies in 2014
News Editor's Comment: What next for the aviation sector?
In the space of just over four months, the previously soft aviation market has been sent spinning off course by a succession of tragic incidents that are likely to contribute towards the market’s highest annual losses since the terrorist attacks of 11…
Legal update: Medical Innovation Bill: Criticisms over impact of Bill remain
The Medical Innovation Bill could lead to an increase in litigation, despite its attempts to reduce it, with the potential to confuse rather than clarify the law. Gary Allison and Judith Davison report.
Fine Art: A change of art
As the global fine art market shows signs of a renaissance, how is the industry responding to the evolving insurance needs of this high-value but high-risk sector?
E-cigarettes: No e-smoke without e-fire
With e-cigarette use on the rise in the UK are the risks associated with these products a pressing issue for the general insurance industry?
Q&A: Ashwin Mistry: Speaking with one voice
The Chartered Insurance Institute’s new president, Ashwin Mistry, tells Callum Brodie why unity is top of his agenda, in a shift of emphasis at the body
Trade Voice: What’s changed since 1886?
As we approach the third anniversary of the London riots, the British Insurance Brokers’ Association is submitting its response to the consultation Reform of the Riot Damages Act 1886.
Former Bupa claims boss slapped with £5k compensation order
A Bupa claims manager who was convicted of stealing thousands from his employer has will pay £4800 in compensation.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Claims Club Missive: Will loss adjusters be the guardians of the digital galaxy?
You cannot go on the Post home page at the moment without seeing an article or video relating to “digitalisation”; and how insurers need to adapt to a market where consumers are ever more dependent on mobile devices.
FCA holds to claims ratio publication plans
The Financial Conduct Authority has reiterated that the publication of claims ratios remains its “preferred measure” for assessing the efficacy of general insurance add on products.
Crawford unveils ‘transparent’ Contractor Connection brand
Crawford has unveiled a new, redesigned network model that will see insurers offered fixed network fees.
First half catastrophe losses 19% below 10-year average
Insured catastrophe losses for the first half of 2014 were $22bn and around 19% below the 10-year average of $27bn according to catastrophe modelers Impact Forecasting.
Cathay Century is lead insurer for Taiwanese plane crash
The insurance coverage for yesterday's deadly plane crash on Penghu island is split between eight Taiwanese insurers.
TransAsia plane crashes in Taiwan; 48 dead
A TransAsia Airways aircraft crashed yesterday in stormy weather on the island of Penghu in Taiwan. 48 people are dead and 10 are injured.
Which? clamps down on financial products' ‘sneaky fees'
Which? is calling for clarity around fees and charges on financial products following an investigation that revealed 50% of the motor insurers it examined had increased their fees in the past three years.
Aviva calls for rehab-only compensation for minor road accident injuries
Aviva is pushing for changes to motor insurance compensation including cutting cash compensation for minor whiplash injuries and restricting personal injury lawyers to cases where their expertise is needed.
ABI supports amending portal to include multi-defendant claims
The Association of British Insurers wants to see the Ministry of Justice claims portal extended to include multi-defendant claims, in a bid to tackle the rising costs of industrial deafness, Post understands.
QBE hands GAB Robins TPA deal
QBE has agreed a deal to hand GAB Robins sole control of third party administration services commercial property business acquired from Brit, Post can reveal.