Claims
Post magazine – 3 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Building referral fee costs hit industry for ‘tens of millions of pounds’ – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including claims that referral fee costs that have escalated over the last two years to the point where they are now costing the industry tens of millions of pounds a…
BCI survey unearths 'deep-rooted' supply chain failure
Deep-rooted sources of supply chain failure in 62 countries across the globe have been identified following a recent survey carried out by the Business Continuity Institute.
Allianz celebrates legal partnership
Allianz Legal Protection has celebrated its 25th anniversary and has placed more than £1m business with specialist solicitors Roberts Jackson through the first year of partnership.
Cost Advocates warns against MoJ fixed costs proposals
Costs law company Cost Advocates is advising caution on the Ministry of Justice’s proposal to set fixed costs limits on disputes in County Courts.
Credit Hire Organisation unveils new DG
The Credit Hire Organisation has named Martin Andrews as its new director general replacing the outgoing Tony Baker.
Talking head: Jack Straw
Former Justice Secretary Jack Straw has certainly made a name for himself this year with his crusade to outlaw referral fees.
CSC threatens judicial review over referral fee ban
Solicitors for the Claims Standards Council have written to the government warning of its intention to commence judicial review proceedings if the government goes ahead with its proposed ban on referral fees.
Thai floods: Central Bangkok spared
The worst of the Thailand flooding is over but insurers will have to pay “significantly large business interruption costs”, according to Fitch Ratings.
Law firms Beachcroft and DAC merge
Beachcroft and Davies Arnold Cooper have merged to form DAC Beachcroft.
Earthquake magnitude 6.9 hits Peru
A magnitude 6.9 earthquake occurred near the coast of central Peru on Saturday at 18:54 UTC (1:54 pm local time)according to catastrophe modeling firm AIR Worldwide.
Armed guards will help tackle pirates
Maritime security firm Haymarket Risk Management has welcomed Prime Minister David Cameron’s ruling that UK registered ships can carry armed guards to fight pirates.
Greek non-motor loss adjusters launch professional body
Greek claims specialists have banded together to form The Hellenic Association of Loss Adjusters in the hope of gaining equal status with other certified European loss-adjusting bodies.
Axis launches liability unit in Argentina
Loss adjusting network Axis has launched a liability claims units in Argentina to provide dedicated specialist support to local carriers and the international reinsurers.
Thai floods: Insured losses to be "managable", says Fitch
Insured losses from the Thailand floods will be “manageable” at $4.5bn and not trigger widespread solvency problems, or undue financial strain for the country’s non-life insurance players, according to Fitch Ratings
Axis launches in Argentina
International loss adjuster Axis has opened a liability claims hub in Argentina.
L&G: escape of water claims cost £730m
The L&G (Legal & General) ‘stop the drop’ campaign has underlined the fact that house insurance claims from an escape of water damage in UK homes cost the insurance industry £730m - almost double the £370m cost of burglary claims over the same period.
Rina to reach Mexico in 36 hours
Hurricane Rina is expected to hit popular tourist destination Mexico in the next 36 hours.
Ireland and SW UK hit by flooding
Catastrophe modelling firm AIR Worldwide reports that torrential rainfall has caused widespread disruption and damage on both sides of the Irish Sea, with the Dublin area has been the hardest hit.
Broking supplement - Price promises: Love it or hate it
While the price promise bandwagon is seen by some as a valuable marketing tool, to others it is merely ‘dumbing down’ the industry
North of the Border: Clarification over mesothelioma awards
In Elizabeth Wolff & Others v John Moulds (Kilmarnock) & Weir Construction (2011), Lord Doherty considers recent jury and judicial awards in fatal claims and clarifies the value of section 1(4) awards in a mesothelioma claim, under the Damages (Scotland)…
Technology: Time for an upgrade
The insurance industry has been out of step with technological advancement in the past, but can it break that trend in the future?
Editor's comment: Maelstroms on multiple fronts
This week has seen maelstroms on multiple fronts. As the devastation and mass fatalities caused by the Turkish earthquake continue to dominate news headlines, the insurance industry is bracing itself for a different bout of turmoil prompted by another…
$3bn Thai flood losses set to escalate as city centre inundation begins
Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.