Claims
Zurich calls on government for clearer winter advice
It is not just the responsibility of businesses to prepare ahead of extreme weather, but a “necessity” of government to support businesses, communicate clearly and provide advice, according to Zurich.
Editor's comment: Impacting the market
Market-turning they may not be but market-impacting they evidently are. Revised loss estimates for the 1500 industrial units hit by the Thai floods have reached $20bn.
Equalisation reserve changes to impact insurers
Legislative changes to claims equalisation reserves will disadvantage insurers, a PwC analyst has warned.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
Market moves: ‘Tis the season for recruiting
As Christmas draws closer, the insurance industry has prepared for the New Year with a raft of appointments. In the broking market, there were moves for Aon and Willis, while Howden added three new faces to its team.
Claims club: Claims teams must gear up to provide Solvency II documentation and evidence
Claims handlers are not exempt from the Solvency II requirements, according to Lloyd’s boss Luke Savage. The finance, risk management and operations director warned attendees that claims teams would have to ensure their documentation, technical provision…
Claims club: Dominant directors to blame for low risk awareness
A corporate “glass ceiling” is preventing businesses from responding adequately to crises, due to the dominance and unwillingness of directors to listen to concerns on risk management.
Claims club: Industry warned over 'slow and amateurish' police riot response
The insurance industry has been told to brace itself for “slow and amateurish” responses from police authorities to riot-related claim submissions.
North of the border: Encouraging results
Manual handling case finds 'reasonable practicability' requirements are not insurmountable, says Simpson & Marwick associate David Pollok.
View from the top: Christmas wishes
Insurance intellectual capital must be mobilised to better defend client interests in 2012, says Lockton International CEO Julian James.
Your say: Urgent lessons must be learnt from the government’s critical riot report
The government’s interim report on the summer riots makes uncomfortable reading for the insurance industry.
Law report: Education authority not vicariously liable for independent contractor
This law report has been contributed by national law firm berrymans Lace Mawer.
Law report: Judicial review dismissed in disability discrimination case
This law report has been contributed by national law firm Berrymans Lace Mawer.
8 December: Long lingering goodbyes
A tenancy agreement between the landlord of a Spanish villa and his lessees turned sour following a falling out between the parties.
Post magazine – 8 December 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Hungarian watchdog confirms a 2.7% fall in GWP in 3Q2011
The Hungarian Financial Supervision Authority has confirmed a 2.7% fall in gross written premiums for the Hungarian market in the third quarter.
7 December: Horsing around
It’s true to say that the one thing you don’t expect to come home to after a hard day’s Christmas shopping in Knightsbridge is a horse in your swimming pool.
French floods to cost insurers €800m
The November floods in 16 regions of France look set to cost insurers €800m according to a new report.
Axa Art raises money for charity with art salvage auction
Axa Art Insurance has raise six times the estimated value of damaged art works in a salvage sale to raise money for charity.
Study exposes supply chain risks in China
A study commissioned by FM Global revealed a natural catastrophe in China on the scale of the 2011 Japan earthquake and tsunami would have an even more severe impact on supply chains, given the country’s critical role in global manufacturing.
$600m of Thai flood losses fall to Swiss Re
Swiss Re estimates its claims costs from severe flooding in Thailand will be $600m of the $11bn total losses.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
6 December: Driving into trouble
Following an accident involving a lorry driving through the window of a bric-a-brac shop, Mr Policyholder got in touch with his insurer, who then passed on the enquiry to their loss adjusters.