Claims
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.
Labour leader calls on insurers to pay riot claims quickly
As David Cameron prepares to “fightback” against the rioters and looters who have wreaked havoc in recent days, opposition leader Ed Miliband has called on the government to work with insurers to help victims.
Insurer estimates hit £750m as city riot damage racks up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories which include how RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims, based on market share, as the latest riot bill estimate hits …
Zurich confirms on risk for Allied Carpets blaze
Zurich has confirmed that it is the insurer for the Allied Carpets building that went up in flames on Saturday evening following riots in Tottenham, London.
Retailers demand riot insurance premiums stay low
UK shopkeepers group The British Retail Consortium has demanded urgent meetings with the insurance industry to ensure affordable premiums in riot-torn high streets.
Latest riot bill estimate hits £750m
Large insurers are estimating that the widespread rioting across the UK could cost industry as much as £750m.
PwC warns of riot cover exceptions
PricewaterhouseCoopers bosses have urged customers to check the small print of their policies amid concerns that the impact of recent rioting may not be included in insurance contracts.
14-day deadline for riot damage claims
Specialist loss adjuster Questgates has warned insurers to get claims in to the police for damage caused by riots within 14 days or miss out.
E&Y European head appointed to lead global insurance practice
Shaun Crawford, has been appointed to lead Ernst & Young's global insurance practice and global insurance center based in London and New York.
Terrorism remains major threat to insurance industry
The reinsurance industry continues to meet the current demands for terrorism risk transfer despite high levels of terrorism according to a new report.
Weather related catastrophes hit Markel's COR
Markel International has reported gross written premiums of $227.7m for the quarter ended 30 June 2011, compared to $187.2m for the second quarter of 2010.
Riot victims urged to speak to brokers
The British Insurance Brokers’ Association is advising those people affected by the recent riots around the UK to speak to their insurance broker as soon as possible so they can assist with their loss.
Charles Taylor adjusting appoints Andrew Homewood
Charles Taylor adjusting is further increasing its property & casualty loss adjusting capability with the appointment of Andrew Homewood as director, non marine.
Crawford's Q2 boosted by bad weather
Loss adjuster Crawford & Company said second consolidated revenues before reimbursements hit $291.7m, up 22% on the same period last year ($238.2m).
Insurance standards improving report finds
For the first time since its inception in 2006, the annual Insurance Manager survey into insurance industry standards indicates things are getting a bit better.