Post - 2011-09-08
A rush of legal cases always followed a catastrophic loss before contract certainty was introduced. The attacks on 11 September 2001 thrust the issue into the spotlight but were other factors at play?
Enthusiasm for the National Address Gazetteer has waned since it was announced this would not be free
A decade has passed since the attacks on the World Trade Center in New York. How has the market for terrorism policies responded and recovered in that time?
2011 has seen a series of serious natural catastrophes follow fast on those of 2010. How will this shape debate next week at Monte Carlo?
As deputy governor of the Bank of England, Sir John Gieve was in the centre of the worst financial crisis for a century. What has hindsight revealed and what are his views on the subsequent regulatory shake-up?
The recent riots are the perfect opportunity for insurers to turn customers into ambassadors
In the recent case D’s Parent & Guardian v Greater Glasgow Health Board (2011), a 10 year old child, D, suffered catastrophic neurological trauma during forceps delivery at birth.
As the horror of 11 September 2001 unfolded, the insurance industry was not only reeling from the inevitable financial consequences. It was struggling to conceive a much more immense loss, a personal one
Thirty years ago we saw recession, a royal wedding and riots. Sound familiar?
The top ten stories from www.postonline.co.uk
As UK commercial managing director for RSA, Jon Hancock is on a mission to find out what brokers really think of the insurer
Allegations of inflated legal claims cost submissions have found backing from insurers
Property insurance enquiries from businesses have soared by up to 200% in parts of London and Manchester following the riots, according to brokers based in some of the UK’s worst hit communities.
Allianz motor insurance clients were car-jacked, threatened at knife point and, in some cases, assaulted when their vehicles were targeted by rioters last month.
The inaugural manager to select his best XI for a potential start-up company is Bobby Gracey, vice president for global counter-fraud solutions and UK business development director at Crawford & Company. A heavy reliance on his claims and fraud…
Liberty Mutual has doubled its gross written premium in UK commercial lines for the first half of the year, as it looks to open up a Leeds office.
Lloyd’s first half-year results will be adversely affected by this year’s “unprecedented” level of catastrophes and could see its combined operating ratio hit 100% for the first time in six years, according to market observers.
Loss adjuster Crawford & Company has already settled approximately $1.05m (£653 000) worth of losses from the “high frequency, low severity” claims resulting from Hurricane Irene.
Loss adjuster Questgates has witnessed an increase in high street businesses asking for help in determining if claims made by employees and clients are fraudulent.
Usually I reserve my commentary for the market’s latest developments, seeking to pinpoint emerging trends or highlight questionable practices – both those within the industry and, more often than not, those that adversely impact upon it.
Water claims firm Property Consortium Drainage has warned cowboy drainage firms could cost insurers dear when responsibility for drains switches from homeowners to water companies.