Insurer
Data 2013: Embrace mobile but don't rely on social media insurers told
Consumers may be posting increasing amounts of personal information on social media but many view the idea of companies exploiting it as intrusive, insurers were warned yesterday.
Sterling launches online complaints management system
Sterling Technologies has launched an off the shelf online complaints management system designed to provide a tailored solution to the UK insurance industry.
France looking to insurers to boost lending
France’s finance ministry is to relax rules on insurer’s ability to lend, allowing firms to devote up to 5% of their balance sheets to corporate loans.
Lloyd’s insurer Advent names Fitzgerald CEO
Nigel Fitzgerald has completed a six month transition period to take the reigns as chief executive officer at Advent.
Generali takes control of Germany’s second-largest insurer
The Generali Group has struck a deal to purchase a minority stake in Generali Deutschland, taking it beyond a 95% holding and triggering a full buy out.
E&Y: Finance firms fight bribery better
Financial service firms are leading the way in battling corruption and bribery according to a study from Ernst & Young.
Europe: Cracking the whip
The UK has been dubbed the whiplash capital of Europe but what can it learn on the continent as it looks to crack the problem? Tim Evershed investigates.
Crawford makes three appointments
Crawford & Company UK has appointed three senior international adjusters within its international market team.
Insurer wins lawsuit to sue Lance Armstrong
Acceptance Insurance Holdings has won the right to sue disgraced cyclist Lance Armstrong after a judge in Texas refused Armstrong’s request to dismiss the case.
Foil sector focus teams to concentrate on property claims and retail
The Forum of Insurance Lawyers has created two new specialist sector focus teams, targeting property claims and the retail sector.
Data 2013: OS discussing possibility of speed limit database
Telematics providers have been given a boost after Ordnance Survey revealed that firms may no longer need to rely on outdated resources such as Google Street View in order to generate speed limit data.
Towergate telematics offering implicated in teen driving deaths
A coroner is to write to Towergate Smart Motor with concerns about telematics rules following the death of two teenagers who sped home to meet the curfew set by their insurer.
BLM opens EC3 office
Law firm Berrymans Lace Mawer is to open a new office on Leadenhall Street in a bid to better service the London market.
Aviva to almost halve offices as underwriters move into broker sites
Aviva is to shrink its office locations from 30 to 17 and cut staff following a decision to put more underwriting decision-makers in brokers’ offices.
TV boss waits for sentencing over insurance con
A UK-based Bengali TV channel boss is facing jail time for accepting at least £500 000 from a crash-for-cash scam knowing the money had been conned out of insurance companies.
Post magazine – 11 July 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Relive the 2013 British Insurance Awards: Video Highlights
The 2013 British Insurance Awards was last week widely praised as “the best ever”.
Tax payer will not be insurer of last resort in Floor Re, says Benyon
The government will not be the insurer of last resort under the proposed Flood Re scheme, environment undersecretary Richard Benyon said yesterday.
Add-on investigation highlights data opportunity: Sas
The enquiry into the selling of add-on products should prompt insurers and brokers to better utilise data in offering products to consumers according to Sas head of insurance Martyn Kyle.
Blog: Is Europe Flood Re's Achilles' Heel?
David Worsfold, group editorial services director at Post's publisher, Incisive Media, explains why the ABI and government might have more to fear from Europe than they first thought.
AIG said to be lead insurer for Asiana crash
AIG has been named as the lead insurer providing cover for the Asiana Airlines crash in San Francisco airport on 6 July, Bloomberg reported.
BNP Paribas Cardif enters joint venture with Bank of Beijing
BNP Paribas Cardif is expanding into the Chinese market with a joint venture with Bank of Beijing.
Asiana crash claim could amount to $2.3bn
The Asiana Airlines’ Boeing 777 that crashed in San Francisco on 6 July was insured for $2.3bn (£1.7bn).
Regulation still deemed greatest risk for industry
Regulation has been voted the greatest risk facing the insurance industry for the second year running in a survey conducted in partnership with PWC.