The Civil Liability Bill has been sent for Royal Assent after final amendments were approved by the House of Lords yesterday.
Parliament expects the insurance industry to deliver on pledges to pass on discount rate reform savings and will be monitoring its progress, Lord Keen of Elie told a conference.
Motor insurers have paid £23m to motorists every day of the year so far, Association of British Insurers’ research has found.
Insured losses from the California wildfires could be between $9bn (£7bn) and $13bn (£10bn), RMS estimates.
The insurance industry has achieved many successes in its fight against fraud but it now needs to address database overload, urges Steve Crystal, head of financial crime at Sedgwick.
Exclusive: Insurers that have complicated distribution models are failing to maintain accurate records of policyholders, the CEO of the Financial Services Compensation Scheme has warned.
After more than two years of contingency planning, this week’s news that a proposed Brexit deal was likely to lead to a loss of passporting was met with no more than a shrug of the shoulders.
Exclusive: Failed loss adjuster RIIG did not pay staff their full salaries for the 10 months prior to the company’s collapse.
The fallout of the suspected attempted chemical murder in Salisbury has exposed the intricacies of business interruption policies
Exclusive: The loss adjuster's latest purchase, Sproule Graham, will rebrand under the Sedgwick Ireland banner and the group has revealed that it expects to see a revenue increase of 10-15% in its Ireland division.
Telematics insurance has helped insurers to curb on claims losses by a third among younger drivers, according to research.
Harris Balcombe has seen investment from three equity partners to bolster its growth plans.
The losses from the continuing 8 November California wildfires are expected to reach record levels, according to ratings agencies.
Having left Crawford in April 2017 after 15 years at the firm, Ian Muress resurfaced in January as CEO of Sedgwick International, a claims business he describes as the largest of its kind "on the planet". He spoke to Jonathan Swift about why people…
Paul Greensmith, UK CEO at Axa XL, delves into the art of underwriting cinema and television productions, which contribute so much to the UK economy and world imagination.
Exclusive: Start-up Iotatech's £1m raise will secure its development and growth over the next two years.
When extensive renovations are carried out on properties fire poses a risk. Rachel Gordon investigates what insurers are doing to mitigate this happening.
The spotlight has been on Arron Banks this week but we've also seen some major business acquisitions.
Exclusive: Claims firm RIIG will be placed in liquidation and staff terminated after a debt payback scheme failed.
Sedgwick has acquired Ireland-based loss adjuster Sproule Graham.
Thousands of insurance transactions happen over the web every day but with recent Google updates are insurers website as secure as they could be asks Mike Still, chairman of Trustify and of Business in the Community’s Business Emergency Resilience Group.
Five members of an organised crime group have been jailed for a combined sentence of 14 years for defrauding insurers.
As cars move towards automation, Jen Frost spoke to Graham Gibson, chairman of Thatcham Research and Allianz’s chief claims officer, and Matthew Avery, director of insurance research at Thatcham Research, about how the UK research centre is working with…
Questgates has revealed it will hit revenue of £22m next year as it joins VRS Adjusters.