Claims
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
Howden recruits claims head for international casualty
Howden Insurance Brokers is pleased to announce the appointment of Martin Owens as claims director for its financial institutions and international casualty divisions.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Sandy wreaks havoc in New York subway
The New York subway faces unprecedented challenges after flooding caused by post-tropical cyclone Sandy.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Allianz and Covéa to appeal against RSA subrogration ruling
Allianz and Covéa have lodged an application to appeal against the High Court's judgement in favour of RSA's motor subrogation costs model.
UK General hires former Zurich man for niche motor role
UK General Insurance has appointed Martin Kennedy, pictured, to a new role developing niche motor products.
Post Claims Club chairman's monthly missive: Grease, avocets and penguins
Given the time of year, surge plans are at the forefront of claims professionals' minds. However, baby names have been at the top of my agenda.
Primary insurers to bear brunt of Sandy, says Fitch
Losses related to Hurricane Sandy will be largely borne by primary insurers, according to Fitch Ratings.
London Assembly slams insurers for 'slow' settlement of riot claims
The London Assembly has criticised insurers for being "too slow" to settle claims from last year's riots and has urged them to publish average settlement times for future major events.
Allianz boss Stephen Coates joins Pool Re
Former Allianz head of UK property and casualty, Stephen Coates, has joined Pool Re as head of market operations.
QBE Europe hires Siesko as claims director
QBE has recruited David Siesko as claims director for its European operations.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
RSA secures third bilateral agreement
Global insurer RSA has signed a bilateral agreement with LV in a bid to speed up motor payment processes and remove unnecessary costs.
Bluefin relationship with ICAEW extended for three years
Bluefin Professions has secured an exclusive appointment to provide professional indemnity and office insurance to members of the Institute of Chartered Accountants in England and Wales for a further three years.
US homeowners batten down the hatches as Hurricane Sandy nears
Risk modelling experts predict mass damage to properties and widespread power outages across New York City when Hurricane Sandy hits the east coast of the US today.
Post Blog: Clinical conflicts
How can the negative role of medical experts in the whiplash epidemic be tackled? Dr David Pearce explains.
IMR extends Xchanging tie-up
Xchanging has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
US APH liabilities may come back to haunt European insurers
European insurers wanting an idea of the trends coming their way often look to their cousins across the water, knowing that the problems for US insurers today are likely to plague European carriers tomorrow.
Cunningham Lindsey plans further LMC expansion following double hire
Cunningham Lindsey Liability Services is plotting further growth following a double appointment in its London market casualty business in the form of ex-Garwyn loss adjuster Debra Smart and in-house claims management expert Andrea Keyworth.
Investing in the Profession: Chartis scheme gains CII approval
Chartis' multinational broker training academy has been accredited by the Chartered Insurance Institute.
Your say: Take advantage of telematics
Telematics allows the premium to be priced fairly and young drivers to monitor their progress, says Linden Holliday.
Lloyd's syndicates queue up to use IFED services
At least nine Lloyd's syndicates are understood to be in talks with the Association of British Insurers and the Insurance Fraud Enforcement Department with a view to using the service.