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Firms called to action

The magnitude and frequency of extreme weather events such as hurricanes, floods and wildfires - whi...

The magnitude and frequency of extreme weather events such as hurricanes, floods and wildfires - which could be set to rise further as a result of climate change - puts insurance firms in the eye of

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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