Claims
GAB on "red" as it races to inspect riot areas in 24 hours
Loss adjuster GAB Robins plans to complete inspections of riot-ravaged areas across the country in the next 24 hours.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
Bupa sees improved European performance in H1
Healthcare provider Bupa has reported half year revenue for Europe and North America of £1,464.4m, which contributed 37% to the group revenues of £3,929m.
Innovation Group lands RBS £40m subsidence contract in insurer first
Innovation Group has landed the first subsidence claims contract with RBSI since the insurer stopped using a panel of suppliers.
Rapid growth sees Kazakhstan's Nomad Insurance assigned 'B-' rating
Fitch Ratings has assigned JBC Insurance Company Nomad Insurance an insurer financial strength rating of 'B-' and a national IFS rating of 'BB-(kaz)'.
Riot Damages Act enforced even if uninsured - deadline extended
Prime Minster David Cameron has announced that the period for claims to be lodged under the Riot Damages Act has been extended from 14 to 42 days.
Risk map warns investors of countries that cannot cope with natural disasters
China, India, Philippines and Indonesia have the highest economic risk for investors from natural disasters because of their lack of resilience, risk mapping firm Maplecroft has warned.
Thatcham receives stamp of Training Excellence
Thatcham’s Automotive Academy has become one of the first training organisations in the region and the automotive sector to receive the Training Excellence stamp.
Resources in Insurance is in profit
Claims management firm Resources in Insurance Group says it has moved into profitability after a 48% increase in revenue to £1.4m (£900 000).
Post history – 10 years ago: Database scheme for all UK claims
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Post history – 20 years ago: Disaster firms buckle in recession
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Target school leavers rather than graduates
I read with considerable interest the continuing tale of the shortage in the insurance industry’s talent pool.
Editor's comment: Reading the Riot Act
Last month saw the 30th anniversary of the Toxteth Riots, violent disturbances that erupted on 3 July 1981 following the arrest of a young man, Leroy Alphonse Cooper in Liverpool.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
2011 subsidence claims to cost industry £250m
The number of subsidence claims could reach 37 000 by the end of the year, costing the industry up to £250m.
Solicitors’ PI squeezed further as Chartis exits new business
Chartis UK has blamed the high volume and cost of claims for its decision to stop writing new solicitors’ professional indemnity business this year but has not ruled out reversing its policy in the future.
Quadra lures back previous customers
A Manchester-based loss adjusting firm, created by the founders of Carr Greenwood Smith, has won back old customers UK General and Ecclesiastical following its split from Merlin in March last year and recruited more than a dozen employees.
Career development & CSR: Cunningham Lindsey cycles to success
A Cunningham Lindsey bike ride around the Peak District has raised £1200 for Macmillan Cancer Support, the loss adjuster’s chosen charity.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
View from the top: The going gets tough
Tough is probably a rather English understatement to describe the state of the world — and the world of reinsurance and insurance — today.
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
Brit brokers reminded to keep policyholders up to speed
Brit Insurance has issued a reminder to all its brokers to ensure that policyholders affected by the UK riots notify the company with detailed information about the claim within seven days.
Post Magazine – 11 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Swinton offers riot reassurance to residents and business owners
Further reassurance has been given to householders and business owners who have suffered damage during the ongoing UK riots, after Swinton Insurance became the latest firm to announce that victims should be covered by their policies.