Employers’ liability (EL)
Indian employers' insurance inadequate, claims ICICI survey
One in every four employers in India believe that the existing sum insured taken for their employees is inadequate, according to an online survey by ICICI Lombard General Insurance.
Law report: Bus depot lessons arrive all at once
This law report was contributed by Berrymans Lace Mawer.
Mesothelioma scheme could cost £451m in first decade
A fund of last resort compensating mesothelioma sufferers who cannot trace their employers' liability insurers could cost £451m in the first ten years alone, according to the Department of Work and Pensions.
Lords: Independent body must oversee mesothelioma compensation scheme
Labour MPs criticise unfair start date that excludes half of all sufferers
AIG extends oil and gas cover
AIG has expanded its oil and gas product to offer increased limits and cover, coupled with stronger specialist loss control services.
Allianz investigates possible employers’ liability fraud rings
Insurers must do more to clamp down on fraudulent employers’ liability claims before organised fraudsters take the “next logical step” into the EL sector, according to Allianz fraud manager Mihir Pandya.
Leader: Fraud: insurers’ enduring foe
The insurance industry is learning it needs to evolve and adapt to survive and, to be fair, in the past five years it has increased its use of technology, reintroduced telematics and developed apps for mobile devices.
Claims rise adds to fears fraudsters are targeting EL
Employment arena is ‘fertile’ ground for organised fraud
Broking Supplement: A simple plan
Keep the customer satisfied
Hong Kong companies hire private eyes over sick leave
Employment insurance premiums in Hong Kong have increased by around 20% to 30% in the past three years, making companies more wary about sick leave claims.
Allied World enters UK EL market
Swiss-based insurer and reinsurer Allied World has launched itself into the UK employers’ liability market.
Lords’ EL U-turn brings uncertainty and will lead to satellite litigation
Insurers have been warned they may face increased indemnity spend for employers’ liability claims, as legislation passed by the House of Lords last week in the form of the Enterprise & Regulatory Reform Act 2012 will require time-consuming and costly…
Editor's comment: A bit of common sense
Last week, the House of Lords turned back the clock 100 years on employer liabilities for breaches of health and safety duties and passed what has been referred to in its very chambers as an “ugly” part of the Enterprise and Regulatory Reform Bill.
Industry, regulator and government at ‘watershed’ over ERN
The Financial Conduct Authority has confirmed employers' liability insurers and intermediaries have until 1 April 2014 to capture and supply the Employer Reference Number at the point of policy inception of renewal.
Factory building collapse leaves over 100 dead in Bangladesh
The collapse of an eight-storey building in Bangladesh’s capital Dhaka has left 149 people dead and more than 1 000 people injured.
Affinity Partnerships: Finding the perfect fit
To achieve success in the affinity market, insurers must be careful to foster mutually beneficial relationships with the right partners and ensure they select relevant products
Aviva, RSA and Allianz await fallout from Savile abuse allegations
Aviva, RSA and Allianz were the BBC’s primary insurers during the 40 years that alleged sex offender Jimmy Savile worked for the broadcaster, and could face sexual abuse claims of up to £30m.
Employees' compensation: Hong Kong headache
Nicky Burridge finds out why employees' compensation is causing such a big headache for insurers in Hong Kong.
Asbestos: Unclear Future
From differences in compensation eligibility across the UK to legal battles over mesothelioma liability, asbestos-related illnesses are presenting insurers with a range of challenges.
Zurich claims boss champions further RTA fixed cost reductions
Zurich’s casualty claims director believes reduced fixed recoverable costs for the Road Traffic Accident scheme could potentially be halved if a further consultation was to be given the go ahead.
Law report: Mesothelioma victim entitled to full indemnity
This law report was contributed by law firm Berrymans Lace Mawer.
Judical review rejection paves the way for Jackson reforms
The High Court’s rejection of a judicial review into the road traffic accident personal injury fees scheme has cleared the road for the implementation of the remaining civil justice reforms, unless an appeal is lodged.
Garwyn issues key considerations ahead of the EL/PL protocol
Specialist liability adjuster Garwyn Group has issued a guidance list of key considerations for insurers, brokers, self-insured business and public bodies as they prepare for the launch of the PL/EL RTA protocol and portal.
Claims Club: Senior NHS member blames claimant solicitors for hike in negligence cases
Heightened interest from claimant solicitors rather than a decline in standards is behind the significant rise in clinical negligence claims lodged against the National Health Service over the past three years.