Claims
China lessens insureds' claims' obligations
China's Supreme People's Court has raised the responsibility on insurers for when querying claimants.
Czech flooding could cost industry €293m
Insured damage from floods in the Czech Republic could cost 7.5bn crowns (€293m), according to the country’s insurers.
MoJ unveils CMC investigation site
Potential claimants are now able to check on the track record of claims management companies following the launch of a new Ministry of Justice website.
Charles Taylor recruited by Brit for claims services
Brit has become the first insurer to sign up for a new bespoke claims management service provided by Charles Taylor, Taylored Claims Management.
Cunningham Lindsey cuts Morse, Lansdown from liability division
Loss adjusting giant Cunningham Lindsey has made two senior members of its liability services division redundant after an efficiency drive.
Manchester Police backtrack on unsecured burglary plans
Greater Manchester Police have backtracked on comments from chief inspector Steve Macfarlane that the force will automatically inform insurers where burglaries occur at unsecured properties.
BBC Watchdog criticises insurers for ‘aggressive tactics’
Insurers have come under fire from BBC Watchdog for not paying claims.
Study suggests majority of Bangladeshi factories vulnerable
A survey by the Bangladesh University of Engineering and Technology suggests around 60% of garment factories in Bangladesh are vulnerable to collapse.
Deadly May tornado season in US results in huge losses
Record breaking tornadoes and hail in the US caused billions of dollars of damage and many fatalities in Oklahoma and Texas in May.
Cyclone Mahasen destroyed over 100 000 homes
Over 130 000 poorly constructed homes in Bangladesh were destroyed by the powerful cyclone in May.
May US storms to cost insurers $4bn: Aon Benfield
Storms which ravaged the US through May are likely to cost the insurance sector as much as $4bn according to Aon Benfield’s cat model centre.
Post Audio Supplement - 6 June
Too busy to read the magazine or website? Want a quick update on the latest news?
Post magazine - 6 June 2013
In Post this week, could the continuing economic difficulties faced by Spain be behind accusations that its public hospitals are refusing to accept European Health Insurance cards presented by holidaymakers when seeking medical attention?
Manchester Police to inform insurers if burglary victims at fault
Insurers may be automatically informed if a burglary occurs at an unsecured property under new plans from Manchester police.
Spain protests innocence as more countries refuse EHIC
European hospitals accused of trying to profit from insurers
European regulators’ inability to find traction leaves loss adjusters in limbo
FCA regulation and claims certification touted as solutions to IMDII removal
Axa denies complicity after Accident Exchange exhumes Autofocus cases
AE’s chief vows to right wrongs of ‘deceitful’ practices in targeted legal action
Editor's comment: Hit in the pocket home and away
Last week I described fraudsters as the long-standing foe insurers are unable to rid themselves of, and this week, true to form, they struck both home and away in the place it hurts insurers most – their pockets.
Roundtable - Legal Reforms: Jackson reforms: First impressions
Implemented as part of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, how have the Jackson reforms affected the industry so far – and what will their impact be in the future?
View from the Top: ABS: A Brilliant Solution
With the recent personal injury legal changes coming into force, there’s been much media commentary and debate about the value and purpose of alternative business structure models.
Property Claims 2013: Insurers told to go Down Under
Insurers could boost the industry’s reputation by imitating the Australian model of working closer together to tackle catastrophic claims surges, according to John Pyall, head of Munich Re’s Great Lakes facilitated claims unit.
Property Claims 2013: Cashing-out not always the answer
Axa’s head of commercial property claims has raised concerns that cashing-out on property claims can lead to them being mishandled or resurfacing in the future.
Property Claims 2013: Property profitability under threat, says LV boss O’Roarke
Comparison sites and building practices pose problems
Property Claims 2013: Insurers urged to use fraud register to punish fraudulent policyholders
Industry told of ‘massive obligation to raise awareness around morality’