Major loss
We need to talk about fire claims
With concerns growing about the coordination of the many parties involved in investigating major fire claims, a roundtable recently brought together insurers, adjusters, forensic investigators and fire service chiefs. As they discussed the many…
Swiss Re estimates Debbie claims at $350m
Swiss Re has estimated its claims burden from Cyclone Debbie in Australia at around $350m (£278m).
British Insurance Awards: 2017 shortlist revealed
Today we reveal the companies that will be in the running for the 23rd British Insurance Awards at the Royal Albert Hall.
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Lloyd’s sees underwriting hit following £2.1bn major losses
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Munich Re sees profits slip owing to major losses
Munich Re has seen full year profits decline by 16% owing to storm and earthquake claims in the last quarter.
Market must prepare for major loss event, says Hiscox chairman
The London market must be prepared for a major loss event according to Robert Childs, chairman of Hiscox.
London market has 'resilience to survive $200bn loss event'
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Final Perils loss estimate for Storms Eva and Frank hit £504m
Catastrophe data firm Perils said flooding linked to storms Eva and Frank caused insured losses of £504m.
Q&A: David Pigot, Cunningham Lindsey
Nine months into the job, Cunningham Lindsey’s newly appointed CEO of UK and International, talks about a career spent on the move, and the need to keep your head above water in those sink or swim moments.
Perils final insured loss estimate for Storm Desmond totals £604m
The estimated insured property market losses for Storm Desmond comes in at £604m, according to catastrophe modelling firm Perils.
Italian earthquake 'will not lead to significant insurance losses'
Though clearly a massive humanitarian impact event, Wednesday’s earthquake in central Italy will not lead to significant losses for insurers, risk modelling firm RMS said.
Interview: David Marock, Group CEO, Charles Taylor
He's a CEO with £24m burning a hole in his pocket but Charles Taylor boss David Marock isn't in a great hurry to spend it.
Blog: Drones prove their worth in Desmond floods
In the wake of Storm Desmond, loss adjusters have been using drones to provide an aerial view of the flood-stricken areas. They've started only recently experimenting with the technology and, initially, there was a school of thought that it's a ‘nice to…
Jeff Hosking (RSA): In the future, "most major losses will have an international aspect"
The best way to handle a major loss is to adopt an outcome-driven approach, says Jeff Hosking, head of major damage claims at RSA. In the future, major losses will increasingly have an international dimension, he predicts, also forecasting that insurers…
Interview: Chris Voller - Keeping up with the digital revolution
More than doubling your workforce pretty much overnight would cause some people a degree of panic, but not Chris Voller, head of claims for Axa Insurance.
In Series: Corporate Risk: Leading the way
Claims management in the corporate space needs a tailored and clearly communicated approach, so how can insurers and brokers eradicate the grey areas to deliver this successfully?
Blog: In out, in out shake it all about
Post editor Stephanie Denton reveals the third chapter of her epic kitchen floor leakage saga...
Blog: The lift-off of space insurance
In the wake of the tragic crash of Virgin Galactic's SpaceShipTwo, the insurance of space travel has been headlining global news.
Blog: Top 5 TV insurance claims
How much would the insurance claim for the Downton Abbey fire have been? Crawford & Company's UK Major Loss team calculates the cost of small screen disasters.