Claims
No huge rehab code changes
The Association of British Insurers and the International Underwriting Association have ruled out making sweeping changes to the rehabilitation code, after current guidelines received "huge support" from the industry.
Escape of water claims: Trickle becoming a torrent
Escape of water now represents the same proportion of household claims as personal injury does for motor. Kevin Kiernan looks at this growing trend and how it can be addressed.
No-claims household insurance discount considered by Axa
Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book's profile.
Helphire sees profits fall despite cutting half of staff
Accident management firm Helphire has cut more than half its workforce since launching a business restructure in 2008.
LV turnaround is almost complete, says O'Roarke
LV general insurance managing director John O'Roarke has revealed the task of turning around the business he joined in 2006 is "90% completed", as the firm saw a £33m increase in profit for 2010.
Merfield returns with Nexus
HCML's founder and former clinical director Helen Merfield has returned to the market with start-up business, Nexus Rehabilitation.
Directors' & Officers': A market hampered by soft rates and over capacity?
The number of insurers looking to grab a piece of the SME directors' & officers' market shows no sign of slowing. Amy Ellis reports on the attraction of a market still hampered by soft rates and over-capacity.
Quake sends insurers back to square one
Insurers' efforts in settling claims from the September earthquake in Canterbury, New Zealand are "back to square one" after this week's 6.3 magnitude earthquake, according to the chief executive of Cunningham Lindsey New Zealand.
Post history - 50 years ago: Boeing 707 crash reserve at £200 000
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
QBE admits it is lead insurer for crash victim Kubica
QBE has confirmed it is the lead insurer for Formula One racing driver Robert Kubica, who was involved in a near-fatal rally car crash this month.
North of the Border: The underwriter knows best
In a recent decision, the Court of Session has reiterated that clauses in insurance contracts require to be interpreted in a commercially sensible way and it is the commercial sense of the reasonable underwriter that counts.
Comment - liability claims: Insurers take a hard line on claims costs
With liability rates showing no sign of rising, Nick Patterson looks at why insurers have to take a hard line on claims costs.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Post Magazine – 24 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related…
Air Worldwide: Second NZ quake “more damaging”
The earthquake which struck New Zealand yesterday has caused more damage than the quake which hit the country in September, catastrophe modelling firm Air Worldwide has claimed.
AIR predicts NZ quake losses of up to $8bn
AIR Worldwide has estimated that industry insured losses from the magnitude 6.1 earthquake that struck New Zealand’s South Island near Christchurch on 22 February (UK time) will be between NZD$5bn ($3.5bn USD) and NZD$11.5bn ($8bn USD).
Major earthquake hits Christchurch
A major earthquake of magnitude 6.3 occurred near Christchurch, New Zealand on 22 February at 12:51pm local time (11:51pm on Monday 21 February 21 GMT).
One Answer Network adds Lorega LRI to product offering
One Answer Network has added Lorega loss recovery insurance to its suite of commercial products.
Helphire cuts 400 staff under restructure
Accident management company Helphire reduced its headcount by more than 400 staff during the last six months of 2010 as part of its business restructure.
Manslaughter decision to spark health and safety reviews
The first conviction under the Corporate Manslaughter Act will cause companies to review their health and safety procedures, law firm Plexus Law has claimed.
Clyde & Co expands Asia team
Clyde & Co has announced Michael Cripps is to join the company’s global corporate insurance practice as a partner.
BLM: Corporate manslaughter fine a “warning shot”
Law firm Berrymans Lace Mawer has claimed that the fine levied in the UK’s first conviction under new corporate manslaughter regulation is a “warning shot” for businesses.
Engineering firm fined £385 000 in corporate manslaughter case
Cotswold Geotechnical has been fined £385 000 after being found guilty in the first trial under the new corporate manslaughter legislation.