Claims
Post magazine – 17 November 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital…
Japanese quake and Thai floods create double BI blow
Insurers covering Japanese earthquake losses are facing unexpected increases in business interruption claims from manufacturers who moved production and sourcing of supplies to Thailand, according to law firm Reynolds Porter Chamberlain.
Ageas provides weather warning service for customers
Ageas has partnered up with WeatherNet, a source of weather data and information, in a move to help its customers prepare for potentially bad conditions.
Beazley forecasts profit despite cat losses
Specialist insurer Beazley still expects “to deliver an underwriting profit in 2011” despite catastrophe losses.
Insurers combat fraud and risk with increased software investment
Worldwide revenue at business analytics software and services provider SAS grew 25% over this time last year, as insurers battle with increasing volumes of data, and protecting both profits and customers from loss exposure though fraud and risk.
Phone app launched for motor claims
A start-up company of legal, finance, vehicle recovery and insurance workers has created a smartphone app called iAccident to collect claimants’ data at accident sites.
European floods defy categorisation
Catastrophe modelling firm AIR Worldwide has said the storm that caused flooding in France and Italy earlier this month has led to 36 municipalities in France categorising it as a natural disaster.
AM Best warns of Thai floods hitting BI
AM Best has warned that Thailand’s ongoing flood disaster will trigger significant commercial and business interruption losses to manufacturing and supply chains in global markets.
CILA’s claims certificate gets accredited
The Chartered Institute of Loss Adjusters’ insurance claims handling certificate has become the first in the industry to be accredited by the Office of Qualifications and Examinations Regulation.
Groupama boosts claims focus with internal appointment
Groupama has today announced the promotion of Darren Wills to the position of corporate claims director, as part of a renewed claims strategy focus.
Rise of PPOs has tailed off in PI cases
The growth of Periodical Payments Orders that top up personal accident claims over time has tailed off according to a study by the International Underwriting Association.
Questgates expands property division
Loss adjuster Questgates has added three new recruits to its property division taking William McClurg from Cunninghams, Andrew Collins from the broker Giles and Sam Hooper from GAB Robins.
The Cypriot fall out from Vassiliko
In July Cyprus saw its largest insurance loss caused by man and despite doubts as to its quality the insurance industry stood tall according to Konstantinos Dekatris.
Cunningham Lindsey to make up to 72 redundant as claims numbers fall
Cunningham Lindsey UK has today confirmed that over the last two months it has had to advise 72 of its 1956 total UK staff (3.6%), at various locations across the business, that they are at risk of redundancy.
More Than insureds track claims online
More Than has launched an eClaims service that enables motor insurance customers to track their claim from registration to completion online.
GAB Robins raids Buckley Scott
Loss adjuster GAB Robins has expanded its construction and engineering claims by appointing Simon Donnelley from Buckley Scott.
Your say: A positive influence
I read with interest the two articles in last week’s Post (3 November 2011) concerning managed building repair networks: ‘Building referral fee costs hitting industry for ‘tens of millions of pounds’ and ‘Rok One Year On’.
Law report: Costs ruling brings necessary clarity
This law report has been contributed by national law firm Berryman’s Lace Mawer
Rugby club insurer RSA working on M5 crash
Bosses at RSA — the insurer responsible for covering Taunton Rugby Club — have said it is too early to comment on a police investigation into claims that smoke from a club firework display may have caused the M5 crash.
Law report: Solicitor wins back outstanding fees despite counterclaims of professional negligence
This law report has been contributed by national law firm Berrymans Lace Mawer.
Law report: Environcom appeal rejected over disclosure dispute
This law report has been contributed by national law firm Berrymans Lace Mawer.
View from the top: A better deal on motor
We have a problem. As an industry, claims inflation in motor insurance is racing ahead of average earnings increases.
Rehabilitation: Providing the carrot
While the use of rehabilitation has made great strides in the past few years, is a more co-ordinated approach with tangible incentives needed?