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Claims

Start-up seeks to aid genuine claims validation

An initiative that aims to help claims handlers make faster, informed decisions to validate a claim or pass it on for further investigation, has been launched by Stuart Dennis, chief executive of fraud management company TCF Corporate.

Isis move creates 40 jobs

Validation and fulfilment firm Isis Claims Solutions is set to move to a new office as it looks to grow its headcount.

Insurance Fraud Awards

The second annual Insurance Fraud Awards will be held on 21 October at the Grand Connaught Rooms, London, to recognise the industry's continued efforts to tackle fraud and encourage the spread of best practice and excellence across the sector.

AM Best downgrades BP captive

AM Best has downgraded the financial strength rating (FSR) of Jupiter Insurance (Guernsey) from A (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a” from “aa-”).

Xchanging in Italian swoop

Xchanging has signed a letter of intent with SIA-SSB, the European specialist in financial and payment systems services, to form an Enterprise Partnership.

First hurricane of 2010 season forms

Hurricane Celia, the first hurricane of the 2010 Pacific season, formed in the eastern Pacific Ocean near Mexico on Sunday but headed away from land, the US National Hurricane Center said.

One Claims wins Novae deal

One Claims, the personal accident and travel claims management division of One Group, has secured a contract to handle claims on behalf Novae Group’s Syndicate 2007 at Lloyd’s.

Lloyd's team heads to Chile

Lloyd’s has sent a team to Chile to help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.

RICS appoints Howden as its preferred PI broker

The Royal Institution of Chartered Surveyors has appointed specialist Lloyd’s broker, Howden, as its preferred UK professional indemnity broker. This is the first time that the RICS has appointed a preferred broker for this type of insurance.

US west coast at risk of “mega-quake”

The west coast of North America, the Lesser Antilles, Chile, Sumatra and Japan are all at risk from subduction zone “mega-quakes” in the near future according to Professor Bill McGuire of the Aon Benfield UCL Hazard Research Centre.

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