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European environmental liability options

Deepwater Horizon rig in flames

Environmental damage costs have hit the headlines in recent years and the European Commission is looking at the option of a fund to control them. But, as Sam Barrett finds out, the insurance industry is not the number one fan of this idea.

Environmental damage resulting from industrial accidents can be devastating, and recent incidents, including the Deepwater Horizon oil spill which killed 11 workers, affected thousands of businesses

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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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