Insurer
$6bn of property damaged in Moore tornado: AIR
The devastating tornado which struck the Oklahoma suburb of Moore on Monday has damaged property to a total replacement value of $6bn within a two mile radius of the storm’s path.
Brokers told to improve record-keeping to reduce professional indemnity claims
Brokers have been urged to improve the way they document advice to clients in light of increasing numbers of professional indemnity claims against them.
AGM vote represents ‘significant protest’ against RSA directors’ pay
Meeting also sees major shareholders voice disappointment over dividend cut.
Ten Insurance gains chartered status and unveils new NED
Independent commercial brokering network Ten Insurance has been awarded chartered status by the Chartered Insurance Institute.
Editor's comment: Time for a new strategy
Last week some new battle lines were drawn, while others pulled back their troops, took stock of the situation and dug new trenches.
AIG tackles cyber risk via the ipad
AIG has launched an ipad CyberEdge product to help companies navigate through the challenges of cyber crime and data breaches.
Call for life insurance for Bangladesh factory workers
The Bangladesh Insurance Association wants to make it compulsory for factory owners in the garment industry to ensure their workers are covered for life insurance.
AIG to invest $92.5m in PICC
AIG, a major shareholder of PICC, has announced the $92.5m (HK$718.1m) investment after PICC's Property & Casualty announced its intention to raise money through a rights issue.
Scots disproportionately affected by new flood plan
The Scottish Parliament has been challenged to secure a greater voice in the UK flood debate following concerns the Association of British Insurers' Flood Re model represents a raw deal for residents north of the border.
IRDA report paves way for banks to become brokers
A report on broking regulations by India’s Insurance Regulatory and Development Association has said banks will be allowed to become brokers, but that those wishing to do so may have to have a segregated broking arm.
ABI welcomes government strategy to promote the UK insurance industry
The Association of British Insurers has welcomed Greg Clark’s, Financial Secretary to the Treasury, announcement of a dedicated insurance industry strategy to enhance the industry’s position as leader in global business.
Hastings weighing minority stake sale
Hastings Insurance Group is plotting the sale of a stake in the business, with management retaining "a significant shareholding".
Marks & Spencer and Post Office to discuss affinity insurance at Post event
Marks & Spencer and The Post Office have joined the speaker roll for the upcoming Affinity 2013 event.
Career path: Will Woodman and Dawn Crowley: Part three
In the third and final instalment in the current three-part series, we continue to follow fictional insurance recruits Will Woodman and Dawn Crowley through their second year in the industry.
Market Moves: Insurers and brokers fill key roles
Many vacancies were filled within the industry’s recruitment sector this week, with a trio of insurers snapping up personnel for key roles. In the world of broking, firms took time out from networking at the Biba conference to hit the recruitment trail,…
Whiplash: Whipping up a storm
As the debate about bogus whiplash claims rumbles on, opinion is divided on whether two investigations into the issue are warranted and what impact they will have
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Top 5 European stories
The top five stories from www.insuranceinsight.com over the past seven days.
In Series: Technology: The great app race
While apps were all the rage until recently, insurers are now discovering the value of optimised mobile sites.
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
Interview: Chris Hanks: End of an era
Set to retire later this year, Allianz Commercial general manager and former CII president Chris Hanks reflects on 45 years in the business.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
View from the Top: Complying with the spirit of the law
It is up to insurers to support government efforts to ensure personal injury claims are handled correctly, says John O'Roarke.
Ex-BGL director joins Towergate
Towergate Insurance has appointed Derek Henry as group carrier relationship director.