Claims
Cunningham Lindsey launching Axa claims tools in £6m tech revamp
A £6m technology investment programme will see Cunningham Lindsey soon unveil a new suite of tools for policy holders making claims starting with Axa household customers.
US January insurance storm claims hit $1.4bn
Catastrophe modeller Impact Forecasting said January's weather in the US cost insurers at least $1.4bn and economic losses of $3bn. Asia also saw its fair share of cold weather in January.
Physio suspended from practice for faking insurance invoices
A physiotherapist has been suspended from the Health and Care Professions Council register for falsifying insurance invoices while working at a clinic in Hammersmith, London.
Household premiums tipped to rise as adverse weather takes hold
Property premiums could be set to rise in 2014 as mounting flood losses begin to take their toll on insurers, according to Deloitte insurance partner James Rakow.
IFIC Forensics launches fire triage service
IFIC Forensics has launched a forensic fire triage service which aims to reduce insurers’ exposure to claims leakage from residential and small commercial arson cases, particularly in times of claims surge.
ABI rejects suggestions mesothelioma payout will increase to 100% over time
Asbestos Victims Support Group Forum attacks exemption U-turn.
Penny Speed meets... Kevin Betts, Airclaims' regional director Asia Pacific
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Market Moves - 6 February 2014
It was a busy week in recruitment again for insurers, with Ace, Marketform and XL Group among those recruiting.
Direct Group targets growth following business split and name change
Direct Group has split its business into two units comprising of claims and distribution services, reshuffled its executive team and changed the name of its holding company, amid plans to grow the business by 20% in 2014.
Garwyn boasts 69% portal retention rate
Davies Group-owned Garwyn has reported a retention rate for liability claims with the Ministry of Justice portal 20% above the industry average.
Lloyd’s launches volume claims service
Lloyd’s has unveiled a new shared volume claims service to allow the market to better handle non-complex claims.
Windstorm Dirk losses estimated at €275m
Storms which rampaged across the UK and France from 23 December to 25 December are to cost insurers €275m, according to data from Perils.
Blog: Insurers care and so do the buyers of insurance…
Floods swept across the nation earlier in the year, causing problems for thousands of stranded home owners and driving insurance companies into top gear.
Europe: Weathering the storm
Europe got a battering from natural catastrophes in 2013, resulting in the region clocking up the most loss events for the year across the globe.
Towergate strikes five-year motor claims deal with BGL
BGL Group has agreed a new five-year agreement with Towergate to manage motor claims for the 200 000 customers of the consolidator’s broker distribution network.
Video: Audatex director insists insurers should accept 80% of subrogated motor claims
Insurers should automatically accept at least four in five of subrogated motor claims.
Umunna makes formal apology to Gee 7 Group over mis-selling claims
Shadow business secretary Chuka Umunna has formally apologised to Gee 7 Group after accusing it of arranging personal accident insurance packages that were then allegedly mis-sold by employment agencies.
100-plus Crawford staff secure CILA and CII qualifications in 2013
Loss adjusting giant Crawford & Company saw more than 100 of its staff awarded professional qualifications by the Chartered Institute of Loss Adjusters and the Chartered Insurance Institute in 2013.
Legal Update: Sports Injuries: NFL concussion payout should act as a warning to UK sports bodies and insurers
Emma Baldwin says claims for long-term injuries caused by sport could be on the rise.
BIA Countdown: Top of the league: the most successful firms at the British Insurance Awards
To mark the 20th anniversary of the British Insurance Awards, Post thought it would be interesting to see who had been the most successful companies over the first 19 years, using a simple football-inspired scoring system of three points for a win and…
Horsemeat Scandal: Making hay
The horsemeat crisis first hit the news in January 2013, leading to more regulation in the food industry. However, not all cases resulted in litigation
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.