Loss adjusting
German investment firm snaps up one third of Stream UK
Stream Claims Services UK is gearing up for a year of organic growth ahead of future acquisitions in 2017 after a third of the business was sold to German venture investment firm Tiburon.
Blog: Flood-resilience certificates might be the way forward
Storm Desmond and the Cumbria floods have highlighted that flood risk in the UK is both inevitable and increasing.
Charles Taylor recruits internally for insurance services CEO
Charles Taylor has appointed Luisa Barile as CEO of its insurance services division to succeed Stephen Card, who has been appointed insurance support services director.
More flooding predicted as Cunningham Lindsey reports 20% major commercial losses
Thirty-five per cent of the claims so far received by loss adjuster Cunningham Lindsey in the wake of Storm Desmond are commercial, of which 20% are deemed major losses.
Arc Legal adds claims experts to its offering
Arc Legal will expand its portfolio of products via a distribution partnership with Lorega, announced today (10 December).
83 postcodes affected as 32mm of rain predicted to fall
Loss adjuster Cunningham Lindsey has received storm and flood claims from more than 83 UK postcode areas, as more heavy rain and wind gusts are predicted for the Northwest today (9 December).
Storm Desmond insured losses could exceed 2009 Cumbria floods
Insured losses from Storm Desmond, which battered Cumbria on 5 and 6 December, could eclipse the £175m insured losses caused by flooding in the area in 2009, according to modelling firm RMS.
Geography of Cumbria a hurdle for adjusters, Crawford says
Accessing flooded homes is the key priority for loss adjusters in the wake of Storm Desmond, which has caused widespread flooding in Cumbria and resulted in the death of one person.
Career file: Ian Muress: Expanded role for Muress as Crawford restructures
Crawford Europe, Middle East, Africa and Asia Pacific CEO Ian Muress is to take on additional responsibility for Canada and Latin America after being named international operations CEO as part of a group-wide restructure.
Review of the Year: Loss Adjusting
The benign weather has resulted in fewer claims for loss adjusters in 2015, while a wind of change has blown over insurers’ panels and merger turbulence has reshaped the landscape. After the severe verdict of the Financial Conduct Authority on SME claims…
Stream halts trading in Australia as part of bid to raise capital
Stream Claims Services UK’s Australian-based parent the Stream Group requested a pause in trading on Friday (27 November) in a bid to conduct a capital-raising drive.
Muress becomes international CEO as Crawford simplifies structure
Crawford Europe, Middle East, Africa and Asia Pacific CEO Ian Muress is to take on additional responsibility for Canada and Latin America after being named international operations CEO as part of a group-wide restructure.
Davies wraps up purchase of Parabis's adjusting businesses
Davies Group has confirmed the acquisition of Parabis Group’s loss adjusting businesses Argent Liability Adjusters and Argent Property Adjusters.
Cila council approves updated diversity policy
The Chartered Institute of Loss Adjusters council has formally approved the organisation's amended diversity and inclusion policy which includes training, development and progression opportunities for members.
McLarens names Brown CEO as Chalfant becomes exec chair
Global loss adjuster McLarens has unveiled a senior management reshuffle that will see chief operating officer Gary Brown take over as CEO with his predecessor in the role, Vern Chalfant, becoming executive chairman.
RSA transfers home and injury adjusting team to Cunningham Lindsey
More than 120 RSA home and injury loss adjusters are to transfer to Cunningham Lindsey from 31 December.
In Series: Windstorms: Hindcast is a wonderful thing
Use of the right meteorological data is vital for insurers.
Ifed investigation leads to 18 month jail sentence for Southampton con man
A Southampton man who claimed £25,000 on insurance after creating fake invoices for items that he alleged had been stolen during a burglary at his home has been jailed for 18 months.
Garwyn Ireland and Associated Loss Adjusters to rebrand as Davies Ireland
Garwyn Ireland and Associated Loss Adjusters will trade as Davies Ireland with managing director of Garwyn Ireland Peter Haran to lead the new group.
Fraud specialists urge importance of mutually beneficial IFB affiliate model
Fraud experts have urged the Insurance Fraud Bureau to ensure its proposed affiliate membership model is mutually beneficial to existing and prospective members and that data security sits at the heart of the initiative.
Crawford to cut up to $28m from expense base in additional restructure
Crawford and Company is seeking to reduce its dependence on severe weather claims by embarking on an additional restructuring plan designed to remove $25m (£16.6m) to $28m from the company’s expense base.
Bart appointed Crawford's CEO for Asia-Pacific
Andrew Bart, Crawford's Pacific CEO, has been promoted to CEO Asia-Pacific.
In Series: Windstorms: Lessons from history
Debate over how European windstorms are evolving can be fierce, with data available to prove virtually every possible variation. But, with this weather phenomenon seriously battering Europe and its insurers’ claims funds, a greater understanding of what…
Claims service and innovation key for HNW firms in over-crowded market
High-net-worth insurers must prioritise claims service levels and product innovation if they are to maintain a foothold in an increasingly over-populated market, according to broking and claims experts.