Claims
Blog: Trak Global's Nick Corrie on why telematics is more about crashing, not driving
Telematics have proved their worth in the aviation sector but Nick Corrie, CEO at Trak Global, explains how with the pandemic changing driving behaviours more drivers want these black boxes on their side when it comes to motor claims.
Analysis: Broker PI rates going 'through the roof'
As brokers grapple with soaring professional indemnity rates and attention sharpens on the potential for claims in the wake of the ongoing Financial Conduct Authority business interruption court case, Post investigates what the eye-watering price changes…
Ecclesiastical ducks to £59.7m loss for H1 2020
Insurer Ecclesiastical made a loss before tax of £59.7m for the first half of 2020 as the Covid-19 impact bit.
Blog: The new noise-induced hearing loss?
Nearly two million workers in the UK are at risk of developing hand-arm-vibration syndrome, a debilitating, permanent condition caused by working with hand-held power tools. While it might not attract the same attention as other occupational diseases,…
Kennedys launches virtual work experience programme
Kennedys has launched a virtual work experience programme to replace its usual in-person version and still be able to give would-be lawyers a taste of legal life during Covid-19 disruption.
Blog: Underinsurance - how brokers can avoid it
To get the right answers you have to ask the right questions. This is true in most avenues of life. It is never more true than when setting insurance cover. Without the correct advice, it is difficult to be accurate in the sums insured. Mark Pierce,…
Storms drive claims spike in Scotland, North West England and Wales
Loss adjusters are reporting spike in flood and storm related claims across Scotland, North West England and Wales, as the Met Office extends weather warnings across the UK until the end of Tuesday.
RSA and Enstar insurers in £1.1m Haringey Council child abuse court actions
Enstar-owned Mercantile Indemnity has been ordered to pay out £1.1m after an appeal against a Haringey Council child sexual abuse payout failed. Mercantile appealed a 2019 judgment where RSA was the original insurer after it inherited the claim as part…
Spotlight: Open insurance: Restoring confidence and seizing opportunities post Covid-19
The post Covid-19 insurance landscape is rapidly changing and insurers are increasingly aware that they must adjust and rethink in order to satisfy the needs of their customers and remain relevant. As a result, the pandemic may be the catalyst for…
Hiscox and action group arbitration to commence following court agreement
Hiscox has agreed to an expedited arbitration process in its dispute with the Hiscox Action Group, a coalition of policyholders that is contesting the insurer’s rejection of coronavirus-related business interruption claims.
Claims Apprentice 2020: Episode six - the interview
With the individual and team tasks now completed, it is time for the five remaining candidates to reflect on them as they sit down with Suzanne Liversidge, sponsor Kennedys’ own Alan Sugar.
Analysis: The serious injury claims cycle under Covid-19
While the serious injury claims cycle faced delays during the start of the pandemic, time pressures are now “easing” as care providers find ways to adapt.
Blog: Discount rate consultations - what do insurers need to consider?
The legal and political landscapes across the United Kingdom and Republic of Ireland vary considerably and no less so when it comes to the personal injury discount rate. With negative (and different) discount rates and methodologies adopted in both…
Admiral facing 'difficult call' on claims frequency and inflation
Admiral has said it faces a “difficult call” with regard to whether or not claims frequency will return to pre-pandemic levels this year, reporting that it saw a 3-4% increase in road accidents last week alone.
Claims Apprentice 2020: Episode five - Cyber challenge
With the country in Covid-19 lockdown the five remaining apprentices are given their latest task through the means of video conferencing.
Wales flood claims volume low so far as UK braces for storms
Loss adjusters are on standby following flooding in parts of Wales yesterday, as the Met Office warned of storms across the United Kingdom.
UK property pricing up 16% in Q2: Marsh
Global commercial insurance prices rose 19% in the second quarter of 2020, research by Marsh has revealed.
Beirut marine and port insured losses should not exceed $250m, says Guy Carpenter
The combined hull, cargo and port facility insured losses from last week’s warehouse explosions in Beirut should not exceed $250m (£191m), according to an initial analysis by Guy Carpenter.
Analysis: Returning the dead to rest – a pandemic repatriation problem
With air traffic grounded and sweeping restrictions halting travel during the Covid-19 pandemic, insurers have faced up to the sometimes impossible task of returning policyholders' remains to their home countries and families.
CII teams up with UEA to promote insurance careers
The Chartered Insurance Institute has joined forces with the University of East Anglia to help students develop a career in insurance through a programme that includes substantial savings on CII qualifications.
Watchstone launches £63m claim against PWC following S&G settlement
Watchstone, formerly Quindell, has filed a £63m damages claims against PWC, alleging the firm breached contract and opened an “unauthorised and illicit” channel of communication with a corporate finance adviser to Slater & Gordon in relation to the 2015…
Analysis: Beirut blast – cost of humanitarian crisis could top $10bn
The explosion in Beirut, Lebanon at around 6pm local time on Tuesday 4 August tragically killed at least 157 people and wounded another 5000, with more than a hundred still missing as rescue efforts continue.
Second quarter performance pushes Ageas UK COR below 100%
Ageas UK has reported a post-tax profit of £22.8m for the first half of 2020 reversing a loss of £2.7m in the first quarter.