Claims
Broking focus - referral fees: Fight less, pay more
Brokers have been told they can expect falls in income generated from referral fees after new reforms were implemented on 30 April. Ralph Savage discusses the potential fallout from these new rules and what impact it could have on brokers' bottom line.
Comment - BI wordings: Refresh not reject
Business interruption wordings are under review, explains Damian Glynn, to minimise misunderstandings and unrealistic assumptions.
Interview - Ian Passmore: University challenge
Having started at Endsleigh 30 years ago as a graduate, managing director Ian Passmore knows the roots of the business. He talks to Mairi MacDonald about the future for the broker.
Claims Cub News: Apil president warns of pre-emptive Jackson adoption
Lord Justice Jackson's report was described as a "magnum opus" which will "set the agenda for the personal injury world over the next 18 months as we pass from consultation to what is termed the implementation stage".
Claims Club News: Insurers can't ignore value of Iphone apps
Companies can launch a claims app in 10 weeks for less than £20 000, according to Axa's managing director of claims, David Williams.
Claims Club News: Lyons backs 'significant' RTA claims scheme
The new road traffic accident claims process, which began on the 30 April, was described as "an incredibly significant scheme" by the new president of the Association of Personal Injury Lawyers, Muiris Lyons, even though his members are not wholly in…
ABI welcomes Biba to flood working group
The Association of British Insurers has welcomed the prospect of working with the British Insurance Brokers' Association to deal with major flood events.
McLarnon handed new role in Cunningham expansion
Cunningham Lindsey has appointed Paul McLarnon as its first corporate development director to spearhead its expansion in this space.
BI specialists urge policy clarifications
Business interruption specialists have urged insurers to clarify their policies following the publication of a Chartered Institute of Loss Adjuster BI wording review.
New UK government to face rehab lobby over lack of plan
The UK Rehabilitation Council has pledged to lobby whichever party wins today's election about the absence of any rehabilitation strategy for England, after it emerged Scotland is leading the way on this front and Wales has a multi-million pound…
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
Validus to take hit of up to $45m from Deepwater Horizon oil platform
Validus has provided an estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico.
Equity to partner CEGA
Claims management and emergency medical assistance firm CEGA Group Services has been chosen by Equity to support its corporate travel and personal accident claims.
Bluefin warns of motor fraud with MoJ reforms
Bluefin Insurance Services has called upon motors insurers to proceed with care when resolving road traffic accident claims.
Deepwater Horizon rig to cost PartnerRe $60-70m
PartnerRe has provided its initial estimate of expected claims relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico.
Thatcham to host industry workshop
Thatcham is to open its doors as host of the ‘Triple Focus’ event on June 16-17.
Argent founder set to leave rehab firm
Argent Rehabilitation founding director Deborah Edwards is set to leave the Paribas Group to establish an independent consultancy.
EMB expects surge in UK motor reinsurance claims
PPOs add unpredictability into the emerging claims picture for UK motor reinsurers
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
QBE wins crash for cash case
A collaboration between the counter fraud teams of QBE and law firm DWF has seen two people given a suspended sentence and one a sentence of conditional discharge.
XL Insurance launches global claims system with Accenture
XL Insurance and Accenture are implementing a new centralised global claims management system to support the insurer’s operations in 25 countries.
Fortis outlines readiness for MoJ RTA reforms
Fortis today claimed that it is one of the first insurers to have implemented an ‘application to application’ approach ahead of the reforms to streamline the compensation system for low cost road traffic accident personal injury claims, launching on…
LMA nominates Beaton as Xchanging rep
The Board of Xchanging Claims Services has announced that Ian Beaton has been appointed as the Lloyd’s Market Association’s representative to be a non-executive director of XCS.
QBE CEO content with alllowances for large claims after $470 Q1 hit
QBE has revealed that its estimated large risk and catastrophe claims, which are defined as net claims of $2.5m and above, for the year to date are $470m. This compares with an estimated net $430m for the same period in 2009.