News
Industry committed to sharing economy despite Uber breach
The British Insurance Brokers' Association remains committed to the sharing economy, despite a breach in taxi company Uber's insurance document approval policy.
Pool Re to encourage non-members to offer mitigation credit
Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
Ex-Admiral employee guilty of trying to defraud her former company
A former Admiral member of staff has received a suspended custodial sentence for her part in a personal injury scam involving her ex-employer.
Airmic 2015: Airmic and Reputation Institute publish reputational risk guidance
Airmic and the Reputation Institute have released a step-by-step guide to managing reputational risk.
Harris Balcombe appointed to resolve war zone pipeline dispute
Harris Balcombe has been appointed by Korea Gas Corporation to resolve a pipeline construction loss in Iraq that is reinsured in the London market.
Geoff Carter resigns from Tesco Underwriting
Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
Public support for Medco provides fillip for industry backers
Defence of Medco by insurers and the defendant legal community appears to have been vindicated by the public's support of the independent medical panel.
Video: Qualifications in the broking sector
As the regulator becomes more present in the insurance industry, the role of qualifications within the broking sector is looming larger.
Motorists back Medco as a force for driving down whiplash claims
The role of Medco as a tool to reduce the number of people lodging whiplash claims has been backed by 79% of 16,863 drivers polled by the AA.
Boards must be more active in delegated authority oversight
The boards of insurers that use delegated authority arrangements must take a more active role in their oversight, following the “warning shot” from the Financial Conduct Authority over such arrangements, compliance experts have cautioned.
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
ABI calls for NIHL claims to go through Claims Portal
The Association of British Insurers has warned that thousands of people are being led to believe they can get compensation for hearing problems.
Greenberg wins AIG lawsuit but no payout
Hank Greenberg has won his four year lawsuit against the US government over the terms of AIG's bailout but Judge Thomas Wheeler awarded no damages.
Aviva to close three Manchester sites after Friends Life acquisition
A "large majority" of Aviva's 780 strong Greater Manchester workforce are set to be made redundant following the completion of the Friends Life acquisition.
Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth
Warren Buffett has agreed for Berkshire Hathaway to take a A$500m 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.
RSA appoints David Wyatt to newly created GSL role
RSA has appointed David Wyatt to the newly created role of development director within its global specialty lines business.
Toby Esser resigns as CEO of Cooper Gay Swett & Crawford
Toby Esser has decided to step down as group CEO of Cooper Gay Swett & Crawford, the broking group has announced. Martin Sullivan, the non-executive chairman of CGSC, will assume Esser's responsibilities until a successor is announced.
Airmic 2015: Crawford report highlights importance of scenario planning
Crawford & Company has urged corporates to consider pre-loss and scenario planning in their risk management programmes after research conducted by the loss adjuster found that emerging and intangible risk categories require an increasing demand for…
Compulsory salvage code proposed to prevent written-off cars returning to the road
Insurers have backed proposals to mandate the salvage code of practice with a view to ensuring the most severely damaged written-off vehicles do not return to UK roads, Post can reveal.
Insurers ‘extremely concerned' about proposed data protection rules
Europe's insurers are "extremely concerned" about several aspects of the proposed European Union data protection rules due to enter the final stages of discussion by European Institutions, according to Insurance Europe.
Insurance fraudsters jailed in Manchester
Sixteen people have been sentenced for their part in a large-scale ‘cash for crash' scam in Manchester.
Flaw in Uber insurance approval process exposed, report
Taxi operator Uber is reviewing its systems in the UK after an investigation raised concerns about the robustness of its approval procedures for driver documents.
Government to offer insurance incentives for terrorism mitigation efforts
Counter terrorism police are to outline details of an insurance programme that will benefit businesses and organisations that make improvements to their security arrangements under the government's crowded places programme.
Airmic 2015: Mactavish unveils Insurance Act guidance
Mactavish has launched a seven-point protocol to guide business compliance with the Insurance Act 2015.