News
IFB and Foil say whiplash proposals will curb claims abuse
The Insurance Fraud Bureau and the Forum of Insurance Lawyers have thrown their support behind the government's whiplash proposals.
Asian flood deaths down but losses increasing
Mortality from Asian flood events continues to decline but economic losses remain a major cause of concern, according to data from the United Nations Office for Disaster Risk Reduction.
Magnitude 7.2 quake strikes Indonesia
An magnitude 7.2 earthquake off Indonesia has been felt in Australia.
Elite Incident Management to be liquidated next year
Motor claims outsourcing company Elite Incident Management is to be liquidated next year, the appointed insolvency practice has confirmed.
Wanna Insure launches telematics app
Software provider Wanna Insure is to launch a smartphone app that it says will help women drivers beat the incoming EU gender directive.
Biba and Aviva back MoJ whiplash consultation
The British Insurance Brokers Association and Aviva have become the latest insurance bodies to back the whiplash consultation from the Ministry of Justice.
IRDA raises cap on infrastructure investments
India's regulator has relaxed rules limiting insurers' investments in infrastructure in a bid to encourage the flow of funds to the sector.
Thompsons welcomes MoJ omission of EL and PL claims from whiplash consultation
Personal injury law firm Thompsons Solicitors has welcomed the government's decision not to include all personal injury claims, such as employers' liability and public liability, in its whiplash consultation proposals.
Fairfax finalises Cunningham Lindsey private equity deal
Fairfax Financial Holdings has completed the disposition of its interest in Cunningham Lindsey Group for proceeds of approximately £167.7m ($270m).
Ink plans January network launch
Giles subsidiary Ink Underwriting is to formally launch its new broker network, Compass Broker Partnerships, in January.
United India to enter Middle East and South Asia markets
State-owned United India Insurance Company plans to enter the Middle East and several South Asian countries owing to the large number of non-resident Indians living in these areas.
AA backs MoJ whiplash proposal while law firm brands it 'a waste of time'
The AA has welcomed the government's proposal to raise the small claims limit to £5000 on road traffic accident cases, but stressed that genuine victims should still be able to claim.
Swiss Re forecasts 8% growth in emerging markets in 2013
Global non-life direct premiums are projected to grow by 3% in real terms in 2013, fuelled by emerging market growth of nearly 8%, according to Swiss Re.
Higos swoops for Heath Lambert finance director
Intermediary Higos Insurance Services has named Heath Lambert's group finance head Nigel Thomas as its new finance director.
Giles boosts presence in Scotland and Northern Ireland
Giles Insurance Brokers has made four additions to its expanding team in Scotland and Northern Ireland.
Davies adjusters to join rival firms
Several Davies loss adjusters who worked on the NFU Mutual account are leaving after the firm lost its position on the insurer's property claims panel.
Elite Incident Management ceases trading
Credit hirer Elite Incident Management is said to have ceased trading with immediate effect.
Lloyd's refreshes three-year plan to incorporate Vision 2025
Lloyd's has published an updated version of its three-year plan designed to set the London market on track for its long-term strategy, Vision 2025.
Over 50% of European firms unprepared for cyber threats
Despite 98% of continental European firms experiencing a cyber incident in the past five years, research has found that a significant proportion are unprepared to deal with this threat in the future.
Drive Assist 'cash flow problems' prompt administration with loss of 259 jobs
Advisory and restructuring company Zolfo Cooper has confirmed it was appointed administrators of credit hirer Drive Assist last night.
Insurers' 'systemic risk' activities significantly less than banks'
International insurance think tank the Geneva Association has published a cross-industry analysis comparing the named 28 global systemically important banks to 28 of the world’s largest insurers on indicators of systemic risk.
Government has 'forgotten' innocent whiplash claimants, says Mass
The Motor Accident Solicitors Society has branded the government's proposals to raise the small claims limit and packages of reforms "irresponsible".
Lloyd's managing agents offered guidance on Eurozone exit
Lloyd's managing agents have been given new guidance on how insurance and reinsurance contracts may react in the event of a Eurozone exit.
Keycare lands Tesco Bank deal
Incident management specialist Keycare has clinched a three-year contract providing a key replacement service for Tesco Bank's motor insurance customers.