In a hardening market, competition is tough to place property and casualty risks. Now more than ever, brokers need to work closely with insurers and customers on claims prevention and risk management, writes Jon Walker, executive MD of Commercial…
Allianz reported operating profit of £100m for the year to date in its Q3 results, with its combined operating ratio slipping to 96.5% from 95.7% at the half year.
Munich Re reported "relatively high" man-made major loss claims, which were more than four times the hit it took in Q3 last year.
Fire Protection Association calls for a quick ban on combustible cladding in all high risk residencies
The government must work quickly to make changes to building regulations and ban combustible cladding in all high risk residencies, the Fire Protection Association has urged.
Fraudsters have been convicted for falsely claiming a total of £775,000 from the Grenfell Tower victims’ fund.
Insurers have welcomed the government’s commitment to improving building safety standards.
Sedgwick loss adjusters arrived on Great Abaco Island in the wake of Hurricane Dorian aboard a Black Hawk helicopter on 6 September.
When physician John Snow was trying to identify the source and path of cholera outbreaks in London, he plotted outbreaks on a map of the city. Richie Toomey, senior manager for commercial insurance at Lexis Nexis Risk Solutions argues as reliable as…
The industry can expect to be hit with on average $92bn (£74.5bn) in insured losses from catastrophes annually going forward, according to catastrophe modeling firm Air Worldwide.
The government has proposed reducing the building height over which the installation of sprinklers are mandatory from 30 metres to 18 metres.
Business interruption insurance policies are designed to return companies to the position they were in before a loss. While that sounds quite simple, there are wide-ranging and complex factors that can undermine the effectiveness of a BI policy – and…
As we start the month of August, many of us are planning to jet off abroad for a well-deserved break. And for those who do, very few would dream of placing a false sickness claim in order to receive a pay-out that would inevitably land them in jail.
Since the Grenfell Tower tragedy just over two years ago, building owners have been removing and replacing unsafe aluminium composite material cladding from their high-rise housing stock across the UK. Joanna Grant, partner at Fenchurch Law, asks why…
Blog: Building regulations - how can stricter changes present opportunities for the wider insurance industry?
As stricter building regulations for new buildings are set to come in force, insurers could see lower property damage costs and pay outs. However, Simon Ford, chairman of the British Damage Management Association, asks if this could be a challenge to…
Housing developer Bellway Homes is working with insurers following a fire that destroyed 20 flats and damaged a further 10 in Barking.
Automatic fire sprinklers should be compulsory in all new build schools, insurers have warned.
Almost two years on from the horrific fire at Grenfell Tower, with the inquiry ongoing, are survivors getting the help they need?
The government has allocated £200m to remove and replace aluminium composite material cladding from around 170 privately owned high-rise buildings.
Insurers have pledged to help with the restoration of the Notre Dame Cathedral, which went up in flames on Monday evening.
Axa has revealed it provided civil-liability coverage for two contracting firms that were working on an on-going restoration of Notre Dame Cathedral, prior to the fire that demolished the building on Monday evening.
Exclusive: The insurer of Grenfell Tower has so far paid out £24.5m to the Royal Borough of Kensington and Chelsea, and expects total insured losses to reach £75m.
Supreme Court has ruled against Axa in a landmark dispute between a property damage insurer and a motor insurer over £2m fire claim.
Lloyd’s of London was slammed with another vast loss in 2018, following on from its £2bn loss in 2017.