Claims
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
LAS launches interactive 'facebook-style' claims system
Insurers and policyholders have been invited to get to grips with a “revolutionary” online claims management system which allows 24-hour interactive access to the progress of individual claims.
Sterling unveils new adjusting panel
Sterling Insurance has named Davies, VRS Vericlaim and Questgates to its new-look loss adjusting panel.
Hurricane Irene losses valued at $2.82bn
Insured industry losses resulting from Hurricane Irene have been given a final Paradex index value of $2.82bn by Risk Management Solutions.
ABSs could drive down motor claims costs
Alternative Business Structures could be used by the sector to “revolutionise” motor claims processes, yielding savings for insurers, brokers and their customers, according to Tim Roberts, senior partner of Parabis and Eddie Longworth, managing director…
Simon Burley elected new CILA president
At The Chartered Insurance Loss Adjuster’s annual general meeting on 14 September 2011, Simon Burley was elected as the new president of the CILA – becoming the institute’s 50th president.
Earthquake hits India
A magnitude 6.9 earthquake occurred in the region of Sikkim, India, on 18 September.
Lloyd's syndicate sues Saudi for financing 9/11
Lloyd’s insurance syndicate 3500 Riverstone Managing Agency, has launched a landmark legal battle against Saudi Arabia, accusing it of indirectly finding al-Qaeda and demanding the repayment of £136m it paid out to victims of the 9/11 attacks.
Questgates grows its counter fraud team
Loss adjuster Questgates has made three new appointments to its counter fraud division field force.
Belfor drops Relectronic name
Belfor Relectronic has dropped the Relectronic name it acquired since taking over Relectronic Remech in 2001.
Aon says pirates now have less success
Aon Risk Solutions’ first in-depth piracy report for ship owners worldwide says that although piracy is increasing, successful hijacks are on the decline.
Insurance Insight weekly update is now live
Insurance Insight’s weekly update is live featuring a Q&A with CED Ceo Stef Witteveen: and a View from the Top from FERMA vice president Julia Graham.
Insurance Insight Q&A: Stef Witteveen
Claims-processing management firm CED recently expanded in Spain with the acquisition of CSP, Insurance Insight caught up with Stef Witteveen, chief executive officer, to find out all the news on the purchase and the firm’s plans has for the future.
RSA insists adding to claims is “legal”
RSA has insisted its use of a wholly-owned subsidiary to increase the prices of motor accident repairs charged to rival firms is lawful.
Crawford shakes up management team
As part of the changes Benedict Burke will be moving from his role as CEO, UK and Ireland.
AIR cuts loss estimates for Irene
Catastrophe modelling firm AIR Worldwide has cut its industry insured loss estimates for Hurricane Irene’s impact in the Bahamas to between $200m $400m (previously $300m to $700m).
RSA’s enhanced motor claims add 25%
Britain’s fourth biggest motor insurer RSA stands accused by a county court judge of artificially inflating repair costs charged to other insurers by more than £2.4m.
£2m "crash for cash" scam brothers jailed
Two Lancashire brothers who pocketed almost £2m between them from a “crash for cash” scam have been jailed.
Geneva Association appoints actuarial science specialist
Global insurance think tank, The Geneva Association, has appointed Illinois state university Professor, Krzysztof Ostaszewski, as the research director of its life and pensions programme.
Flat rates expected in Europe after Monte Carlo meet
Securities and investment banking firm Jefferies anticipates flat rates for Europe next year.
Market moves: Bucking the trend for UK employment
With September in full swing, announcements of moves around the market are arriving thick and fast. After the dearth of recruitment news in August, disciplines across the industry spectrum appear busy luring expertise from competitors, promoting from…
MYI and Airclaims merge to enhance position in aviation
Loss adjuster McLarens Young International has merged with Airclaims to enhance its position in the aviation market.
Claims rise as landlords cut maintenance budgets
The proportion of claims made for avoidable incidents such as leaks, burst pipes, frost damage and general wear and tear has increased by 5% since 2008 as tight budgets hit property maintenance by landlords.
Comment - Civil litigation: You’re part of the problem
When the insurance industry launches a campaign to reform our “broken civil litigation system” it predictably wheels out dodgy statistics – including that complete nonsense of a report from Frontier Economics again — and dubious ‘facts’. It conveniently…