News
Storm surge losses likely to be higher than wind losses in US
There is a 20% chance that storm surge losses will be greater than wind losses for any US hurricane that makes landfall, catastrophe modelling firm RMS has said.
Small claims track decision disappoints LMA
Lloyd’s Market Association is disappointed the Transport Select Committee has recommended keeping whiplash claims out of the small claims track.
Bluefin hires client services director from Jelf
Andy Purnell has been hired by Bluefin Insurance as a client services director in its Bristol office.
Outsourcing NHS services may leave negligence claims cover black hole
Politicians concerned over sufficient insurance indemnity
Mesothelioma proposals face firing squad while barely out of blocks
Gateway will bring meso claims in line with Jackson reforms.
Competition prompts declining rates across most classes in Q2
Insurance rates in most major regions declined modestly in the second quarter of 2013, while rates in the US rose moderately, according to Marsh’s latest Global Insurance Market Quarterly Briefing.
Insurance Europe calls for global approach to tax evasion
Insurance Europe has welcomed efforts by the Organisation for Economic Co-Operation and Development to develop a global standardised solution for tax information exchange.
Rates decline seen across most regions in Q2 says Marsh
The second quarter of 2013 saw a decline in Marsh’s Risk Management Global Insurance Index for the first time since its inception six quarters ago.
Insurers insist they have nothing to hide after ‘self serving’ legal campaign
Law Society says claimants accepting early offers are being ‘mugged’.
AA boss pleased with TSC recognition of 'quick buck' culture
AA Insurance director Simon Douglas has praised Transport Select Committee members for recognising the “delicate balance” between legitimate and dishonest claimants.
Ten insurers face civil action over rogue private investigators
Ten insurance businesses are on a list of 102 firms investigated by the Serious Organised Crime Agency for using rogue private investigators.
TSC’s ideas would strengthen medical reporting, says Premex
The Transport Select Committee’s whiplash report contains ideas which would make the medical reporting process more robust to the benefit of claimants and defendants, according to Premex Services.
Lower motor premiums depend on whiplash reforms, says ABI
The Association of British Insurers has called upon the government to deliver "fundamental changes" to tackle the UK's "whiplash epidemic" before insurers can deliver further reductions in car insurance premiums for their customers.
Whiplash small claims track extension under threat
The conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on the small claims track.
Speakers confirmed for Claims Club Asia Singapore
Claims Club Asia is coming to Singapore on 12 September.
Asia boosts JLT's profits
Broker JLT posted total revenues up 10% to £487.2m ($740m) for the first six months of 2013, boosted by strong organic revenue growth of 7%.
Philippines moves to three year insurance licenses
The Philippines is set to approve three year insurance contracts running from January to December as opposed to annual licenses running from June.
Extended claims portal welcomes EL and PL claims
The Ministry of Justice’s out-of-court claims portal can be used for uncontested personal injury claims of up to £25 000 from today.
Transport Select Committee publishes whiplash report
The Transport Select Committee has declined to approve government plans to switch whiplash claims to the small claims track in its long awaited report on the cost of motor insurance.
Job cuts not primary source of savings drive claims JLT
Jardine Lloyd Thompson senior executives have denied that the predicted £12m annual savings from its business transformation programme will come primarily from job cuts.
Integration focus cited as Towergate walks away from Giles deal
A combination of pricing and a focus on its own integration are likely to have been factors in Towergate not acquiring Charterhouse's majority stake in Giles, Post understands.
US doubles supercomputer power for hurricane forecasting
US weathermen have been boosted by newly upgraded supercomputers capable of processing computer models on forecasts almost twice as rapidly.
Curtis lands Barbican CEO role
Barbican Group has appointed Ken Curtis as chief executive of Barbican Managing Agency.
Allianz warns on lack of awareness of new employment tribunal changes
Both sides of the employment divide are unaware of the impact of the changes introduced by the new employment tribunal regulations, Allianz Legal Protection has warned.