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Mutual bodies respond to Myners Report

The Association of Mutual Insurers together with the Association of Friendly Societies, has published Corporate Governance for Mutual Insurers – in response to requests contained in last year’s Myners Report.

Paul Myners, at the request of the Government, established a review of the governance of life mutuals and submitted his report in December 2004. That report contained 17 core recommendations, a

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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.

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