Claims
US class-action securities lawsuits rose 39% in 2009
Settlements rose 39% in 2009, according to a study by Stanford Law School and Cornerstone Research, less than feared by many US D&O insurers.
Defaqto: 8% of policies not offering car replacement cover
Almost one in ten car insurance policies do not over new car replacement cover, research from Defaqto has shown
Forensic accountancy firm adds to regional offices
Forths, which provides forensic accountancy services to insurance companies, has opened a second office in Leeds.
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
CTC sees loss adjusting reveune and profits increase
Insurance services provider Charles Taylor Consulting saw its profit before tax increase to £15.7m (2008: £9.9m) on reveune of £96.6m (2008: £80.8m) in 2009.
Auto Windscreens appoints chief financial officer
Auto Windscreens has appointed Kieron Singleton to the new role of chief financial officer.
Energy losses from Chile quake will not exceed $350m - Marsh
Marsh has estimated that energy insurance losses from the Chilean earthquake will not exceed $350m, following a review of expected claims by its energy claims specialists.
Arch losses from Chile quake $35-50m
Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.
Helphire documentation goes online
Helphire Group is to provide vehicle rental agreements and supporting documentation electronically, for validation online.
Marsh: concerns persist over environmental liabilities
The heightened environmental liabilities created by recent European Union and UK environmental legislation were among the top risk management concerns raised by delegates at this week's Base conference in London, according to Marsh.
Marsh: concerns persist over environmental liabilities
The heightened environmental liabilities created by recent European Union and UK environmental legislation were among the top risk management concerns raised by delegates at this week's Base conference in London, according to Marsh.
Former Axa manager joins Lorega
Lorega has appointed Jonathan Mainwaring as broker business development manager for the Southern region.
Insurance fraud losses could reach £2.5bn
General insurance fraud losses could reach £2.5bn during 2010, according to the latest insight report from Experian.
Keoghs warns of insurance fraud "plague" spreading across England
A study published by law firm Keoghs has claimed that motor insurance fraud is affecting more of England’s most densely populated areas than ever before.
Allied World Chile quake losses up to $75m
Allied World has estimated that the recent earthquake in Chile will cost it in the range of $55m - $75m, while Windstorm Xynthia, which hit Europe earlier this month, will cost the Bermudian (re)insurer $2m.
Accident Exchange: four insurers at the centre of Autofocus action
Accident Exchange today said that the early indications are that “four large and well known insurers and two firms of defendant solicitors” account for the most material number of cases impacted by what it claims is a “systematic production of…
Allianz successful in Darren Bent credit hire appeal
Allianz has successfully challenged a court judgement relating to a credit hire claim involving Sunderland and England footballer Darren Bent and Accident Exchange.
Autofocus hits back in Accident Exchange contempt of court row
Credit hire reports company Autofocus has reiterated that it is “confident of success” in its court wrangle with Accident Exchange despite the suspended prison sentence of one its former employees earlier this week.
XL faces $230m losses from Chilean quake and European windstorm
XL Capital has announced preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia.
XL faces $230m losses from Chilean quake and European windstorm
XL Capital has announced preliminary net loss estimates for the earthquake in Chile and European Windstorm Xynthia.
Job dissatisfaction creates an unhealthy work atmosphere
A lack of fulfilment and career progression is impacting business productivity in the UK, according to a new report produced by Bupa.
Law reports: Injury at health and fun day was not fault of employer
Robert Lee Uren v Corporate Leisure (UK) and others (Queen's Bench Division — 22 January 2010).