Claims
Lancashire reveals $35m exposure to Costa Concordia
Lancashire Holdings has revealed, based on an industry loss of $850m, its exposure to the January Costa Concordia cruise ship loss is estimated to be approximately $35m net of reinsurance and reinstatement premiums.
Accordian Re gains new capacity for Japanese market
Lancashire Holdings has secured additional capital of $75m (£48m) for Accordian Re to focus on the 1 April Japanese market renewals.
Swiss Re P&C operating income halves despite $1.3bn reserve releases
Swiss Re has seen its property and casualty operating income almost halved in 2011 to US$1.28bn (US$2.47bn).
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Penny Black's insurance week
A starry-eyed Penny delves into astronomy
Career development: BT Claims to add 20 in ABS push
BT Claims is set to recruit 20 new staff following is application to become an alternative business structure.
Market moves: Spring comes early for insurers
Following a strong week for managing general agents, insurers were the main recruiters this week as the market begins its move into the spring.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Loss adjuster distances itself from former employee accused of accepting a bribe
Merlin says any transaction was undertaken without authority
Corporate Underinsurance: Improving understanding of business interruption cover
Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?
North of the Border: An interest-ing judicial decision
The savers among us have grumbled for some time as the Bank of England rate stagnates at 0.5%, but a recent decision in Scotland could benefit insurers that have grappled with excessive interest on damages for years.
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Fraud: Organised crime - Bogus claims gangs cast a wider net
The profile of people targeted by gangs to make personal injury claims appears to be changing, with those involved becoming younger and more middle class. The link between youth unemployment and crime rates is hard to ignore.
Post magazine – 23 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
DLA Piper recruits William Marcoux from Dewey & LeBoeuf
Law firm DLA Piper has hired former Dewey & LeBoeuf executive committee member William Marcoux as partner and head of its insurance sector transactions and regulation practice.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m) for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump
Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Quindell integrates claims firms
Insurance outsourcing firm Quindell Portfolio has appointed Gillian Baker to a newly formed strategy and integration advisory board for all its claims businesses.
Medics to tell MPs their reports add value
The British Medical Association and medical reporting firm Premex Group will today tell MPs on the All Party Parliamentary Group on Insurance & Financial Services that medical reports help the personal injury claims process.
Credit hire: Groupama and MMA "close" to agreeing deal with Accident Exchange
Credit hire firm Accident Exchange is said to be "close" to reaching a compromise agreement with Groupama, Provident and MMA Insurance which used Autofocus to demonstrate that Accident Exchange's rates were too high.
Argent expands with ex-Garwyn pair
Argent Liability Adjusters has announced a series of hires across its national network.
IRM launches Turkish version of ISO 31000 guidance
The Institute of Risk Management has launched a Turkish version of its ISO 31000 guidance.
Mapfre extends relationship with Dah Sing in China to road assistance
Road Assistance China has teamed up with Chinese insurance firm Dah Sing to offer its clients two new services.