News
Courts take tough stance on deadlines post-Jackson
Claimants have been warned that an entire defence or claim could be struck out due to the failure to meet court deadlines after two recent High Court decisions reiterated a lack of procedural compliance will no longer be tolerated.
German floods to cost industry €2bn
Claims from last month's flooding in Germany alone are expected to cost insurers nearly €2bn, German trade association GDV said on Tuesday.
Rocket crash likely to hit launch underwriters
A Russian rocket which exploded over Kazakhstan is unlikely to have been insured, but may still have implications for satellite underwriters.
Covéa appoints ex-Brit distribution boss Tim Grant
Covéa Insurance has appointed Tim Grant to the newly created position of micro SME leader.
Markel recruits Aspen adjuster for senior claims role
Specialist insurer Markel has swooped for a former Aspen and QBE adjuster to bolster its claims team.
Insurers welcome Flood Re but call for clarity over liability
Insurers’ agreement to the terms of the Statement of Principles for another two years will provide the Association of British Insurers and government enough time to resolve outstanding issues around the implementation of Flood Re, according to the trade…
Law Society’s motive behind new PI scheme called into question
Brokers doubtful scheme will mitigate threat posed by unrated insurers.
DAS and Broker Network launch commercial legal expenses scheme
Legal expenses insurer DAS and Broker Network have launched a new commercial legal expenses scheme for Broker Network and Countrywide ‘Complete’ members.
Ageas goes live with Quindell system
Ageas has implemented and gone live with Quindell’s rating and underwriting engine Napier.
China’s insurance industry needs reform, says regulator
China’s insurance industry would benefit from reforms which could see the rate of growth increase, the head of the China Regulatory Commission has said.
Analysts warn Direct Line is playing "catch up" on costs base despite 2000 job cuts
Liverpool, London and Croydon offices due to close in expanded cuts programme.
Hong Kong insurers criticised over fee calculation
Household insurers in Hong Kong have been accused of inflating premiums by using a discredited measure already banned in the new-homes market, the Legislative Council's housing panel has heard.
Swinton launches £60m business plan revamp after FCA intervention
Swinton is investing £60m in modernising its multi-channel operation after falling foul of a regulatory inquiry into some of its sales practices.
Expertise-in-Action: Q&A with Richard Smith
In recent years the insurance industry has made a concerted effort to improve its record on professionalism.
Indian employers' insurance inadequate, claims ICICI survey
One in every four employers in India believe that the existing sum insured taken for their employees is inadequate, according to an online survey by ICICI Lombard General Insurance.
Crawford unveils specialty markets offering
Loss adjusting giant Crawford has pulled back the curtains on new specialty markets services for the London and international adjusting markets.
Markel hands Richardson European retail claims role
Markel International has promoted Mike Richardson to the role of European retail claims manager.
Coface to insure companies exporting to Croatia
Credit insurer Coface will start insuring companies exporting to Croatia following the country’s accession to the European Union.
CIRC approves agricultural insurance
The China Insurance Regulatory Commission has granted insurance companies more access to agricultural insurance, according to reports by Beijing Business Today.
Coates returns to Australia after stepping down as Dual CEO
Damien Coates is to step down as chief executive of Hyperion Insurance’s underwriting arm Dual, after agreeing to swap roles with the firm’s deputy CEO Shane Doyle.
Coface launches credit insurance in Croatia
Coface has started offering credit insurance services in Croatia following the country’s accession to the European Union.
Cunningham Lindsey releases iPhone broker app
Cunningham Lindsey has released an iPhone app designed to help brokers find the right loss adjuster contact.
David Constable appointed to Kiln’s board
David Constable is to join RJ Kiln & Co’s board as a non-executive director.
SME customers focus of FCA review
A Financial Conduct Authority review of broker conflicts of interest will focus on SME and micro-business customers, it was announced today.