Claims
Chinese insurers pay out ¥900m in flood claims
Insurance companies in Beijing have paid out ¥900m ($142m) in compensation after the damage caused by the floods on 21 July, the China National Radio website reported.
LAS forms UK major loss team
LAS Claims is to create a UK-wide major loss team to spearhead business growth and enhance the range of services offered to insurer clients.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Buckley Scott raids Groupama and Cunningham Lindsey for new hires
Loss adjuster Buckley Scott has made a string of appointments at its London and regional offices.
Two-year wait ends as PI discount rate consultation launched
The Ministry of Justice has called on stakeholders to respond to the long-awaited discount rate consultation, which it finally launched yesterday.
Law Report: Court dismisses builder's appeals
Law reports contributed by national law firm Berrymans Lace Mawer.
Olympics: A golden opportunity
The Olympic Games are now well underway, with top athletes and millions of tourists now in the UK. But are businesses able to reap the benefits? Or are the problems associated with such an influx unbeatable?
Your say: Empty words on historic claims
Malcolm Tarling's comment in the 19 July edition of Post that the Association of British Insurers’ opposition to an Employers' Liability Insurance Bureau is based on the belief that the Employers' Liability Tracing Office "should help significantly in…
ABI demands Riot Damages Act reform one year on from civil unrest
Industry leaders are calling for urgent reform to the Riot Damages Act 1886 after publishing comprehensive claims data on the eve of the first anniversary of the UK riots.
Post magazine - 2 August 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Meritable but marred
After years of wrangling over questions of fairness, viability and necessity - not to mention extended periods in political limbo - this week we finally witnessed the creation of an insurance fund of last resort for mesothelioma victims.
Insurance Mediation Directive II: Broking new ground
The European Commission's controversial Insurance Mediation Directive II proposals are aimed at unifying the sale of cover across the continent and increasing consumer protection. But how have the recommendations been received by the broking and buying…
No compensation for 3000 asbestos victims not included in new scheme
A new insurer-funded government compensation scheme for mesothelioma victims has been criticised for excluding sufferers of other asbestos-related diseases who might have received financial support under the shelved Employers’ Liability Insurance Bureau.
€1.7bn Quinn Insurance administration costs is 'shocking', says High Court president
Justice Nicholas Kearnes has described the €1.65bn administration costs for Quinn Insurance as "truly shocking".
MIB boss slams Arsenal striker for driving without insurance
The Motor Insurers' Bureau has warned drivers without insurance that there is nowhere to hide after Arsenal footballer Nicklas Bendtner was found guilty of the offence.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
RSA Ireland teams up with Xactware on home insurance
RSA Insurance Ireland has adopted Xactware's claims management and assignment network, Xactanalysis, for its home insurance supply chain.
RSA Ireland adopts Xactware tool to increase supply chain transparency
RSA Insurance Ireland is to use Xactware's claims management and assignment network in a bid to enhance transparency throughout its home insurance supply chain.
Industry role for Canopius claims boss
Mike East, head of operations and claims at Canopius Managing Agents, has been named as the new chairman of the Lloyd's Market Association's claims committee.
CILA and Bournemouth University launch loss adjusting qualification
The Chartered Institute of Loss Adjusters and Bournemouth University have teamed up to launch a Master's loss adjusting degree in professional development.
Court of Appeal general damages clarification fails to appease Apil
The Court of Appeal has handed down a judgment confirming a 10% increase in general damages in most civil cases where judgment is given after 1 April 2013.
FSA clampdown on packaged deals gains support from industry player
Lifestyle Services Group director Andy Morris has hailed the Financial Services Authority's crackdown on packaged bank accounts as "a positive step for the insurance industry".
Guernsey may foot the bill for £2.6m payment scam
Guernsey's government may be unable to recover £2.6m after falling victim to a payment fraud, according to the island's deputy chief minister.
French court ruling could expose insurers to €16bn claims
French insurers and banks that own large insurance subsidiaries could be exposed to claims of up to €16bn from policyholders following a decision by the French Council of State.