Claims
Three quarters of professionals undervalue property and possessions
Three-quarters of professionals risk losing thousands of pounds when making claims on their home insurance policy because they have underestimated the value of their property and possessions, according to research by financial advisory service Wesleyan.
Point-of-quote fraud predicted to rise in new survey
A new study reveals that 42% of insurance professionals believe point-of-quote fraud has risen over the last 12 months. Nearly two thirds (63%) think this type of fraud will continue to rise in the next five years.
Concordia-style ship groundings top industrial cover losses
Ship groundings like that of the Costa Concordia represent the largest total value of insured loss over the last four years, according to figures from Allianz Global Corporate & Specialty.
Fraud Focus: Displacement better than cure?
This month saw further proposed changes announced as part of the ongoing reforms of the processes under which whiplash claims are handled.
Claims Club News: Insurers warned that independent Scotland would hit them in the pocket
An independent Scotland would cost insurers more in claims, according to BTO’s insurance group head Bill Speirs, who maintains that proposals to increase earnings north of the border will impact reserves.
Legal Update - Heading down a slippery slope
James Harvey explains how insurers could face additional burdens if other UK courts follow Scotland’s lead when it comes to apportioning liability for trips and falls on public highways
GAB Robins recruits BLM's Doolan to lead London Market development
GAB Robins has recruited from law firm BLM for a new head of London Market, Post can reveal.
Claims Club News: UK firms told to keep an eye on Ireland for PPO regime improvements
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Claims Club News: FCA putting spotlight on commercial cover
The Financial Conduct Authority is likely to raise the stakes on insurers by increasing scrutiny on whether the products customers buy are fit for purpose, amid a “philosophical shift” by the regulator.
German insurers pay out record claims for 2013
Germany’s non-life insurers settled €50bn in claims over 2013, the highest recorded total for a twelve month period.
Industrial deafness ‘the new cash cow’ says ABI
Claimant lawyers and claims management companies are increasingly exploiting industrial deafness claims for maximum cash settlements, according to the Association of British Insurers.
Quindell wins uncontested Gotham City libel case
Quindell has announced victory in a libel case against Gotham City after the latter failed to defend claims a research note was defamatory.
Wunelli looks to tackle 'reactive' FNOL process with new management tool
Wunelli has created a new process to manage crash notification alerts which it claims will turn the tables on “the reactive nature of the first notification of loss process" in private motor.
Questgates confirms Keilty recruitment
Specialist loss adjuster Questgates has confirmed the appointment of Davies Group’s Tony Keilty as its new Lloyd’s and London market director.
DAC Beachcroft cuts 62 roles in UK as Manchester office closes
DAC Beachcroft has cut 62 jobs in the UK, including fee-earners and support roles as the result of a redundancy consultation which began in May.
Less than 6% have earthquake cover in Napa County
One of the reasons the insured damage of the 24 August earthquake was relatively small was because of lack of cover.
Blog: Striking out fraudulent claims
Dan Screene, senior associate, Hogan Lovells Insurance Practice takes a look at how efforts to disincentivise the fraudulent exaggeration of insurance claims are working
Fourth Dimension looks to LV for claims role
LV third party claims head Elaine Clark has joined Fourth Dimension Innovation as claims director.
Blog: From Bowring to General Accident to AIG, insurance brands reborn
Over the last week we have seen two insurance brands of days gone past given a new lease of life.
AIG axes Cunningham Lindsey over Tutoki appointment
AIG has moved to drop Cunningham Lindsey as a loss adjuster worldwide, Post understands, following the appointment of Jane Tutoki as the claims firm’s chief executive.
DWF 'to double' London headcount following Walkie Talkie move
Insurance law firm DWF has moved into the “Walkie Talkie” building at 20 Fenchurch Street amid plans to broaden its City capability.
GAB Robins hires Webb for learning and development role
GAB Robins UK has appointed Nicola Webb as learning and development manager to lead the loss adjuster's investment in customer service.
Insurers in the dark on potential investigator regulation
Insurers and private investigators remain uncertain on possible regulation of the sector more than a year after Home Secretary Theresa May vowed to outlaw unlicensed operators.
Blog: Rating hub-bub
False declarations are a bugbear for insurers. Mark Bates, CEO of insurance software specialist RDT, looks at the challenges and discusses technology to help defeat the fraudsters