The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
Energy businesses need to learn from past major loss events in order to reduce the risk of significant property damage losses, broker Marsh has warned.
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
The 1 January 2012 renewals saw a shift in industry behaviour as both insurers and reinsurers implemented more sophisticated, customised approaches to risk assessment and mitigation, according to Guy Carpenter.
Global insurance rates continued to climb in most loss-affected geographies and classes of business in the fourth quarter of 2011, but rate decreases are still achievable in many lines of business, according to a report by Marsh.
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.
Marsh has joined the United Nations Disaster Risk Reduction Private Sector Partnership to support work aimed at enhancing national and local resilience to disaster.
Moody's Investors Service has changed the outlook on the global reinsurance sector to stable from negative reflecting the momentum for a hardening in reinsurance rates, a refocusing on the value of reinsurance, and the good risk management and discipline…
THE MAJOR LOSS AWARD - WINNER - FITZGERALD CONSULTING
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
Espirito Santo Investment Bank has said the Australian floods will amount to at least two events, and given the mounting political pressure on the local primary insurers the burden for the local primaries is likely to be much more punishing than the…
Natural catastrophes across the Mediterranean made the headlines last year but fires are just as high risk for major losses as Jane Bernstein learns and European insurers also need to keep their eye on new and emerging risks.
Major risks are not included in the existing European Insurance Mediation Direction. The Federation of European Risk Management Associations believes they should be, and is urging the European Commission to bring them into the current revision of the…
A GAB Robins major loss team has been appointed to deal with a multi-million pound fire loss at JD Wetherspoon's flagship 'green' pub restaurant.
Liability specialist Garwyn has made a series of high level promotions within its adjusting team.
When a business suffers an unexpected catastrophe, Veronica Cowan looks into the decision making behind the option to repair or replace damaged premises, stock or machinery.
Merlin has reshuffled its loss adjusting arm following the departure of former head of property Mike Bond to VRS Vericlaim.
Cunningham Lindsey’s has claimed that its major loss investigators have saved insurers more than £7.1m in fraudulent claims in the year since their launch.
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
A working agreement has been established between insurance claims company Fitzgerald Consulting and loss adjuter Adjusting Solutions, led by Tom Battell and David Martin.
Davies' new head of claims operations Jim Pittman says he is looking forward to returning to "conventional" loss adjusting after joining from rival firm Merlin Professional Claims Services.
This issue featured an interview with new FSA insurance sector boss Ken Hogg, a focus on motor premium payments, major loss and comprehensive legal update on vicarious liability, care costs, limitation periods and brand protection and all the latest news…
Amy Ellis reports on how police forensic investigations can delay the reinstatement process for buildings and examines the implications this has for major loss claims.
Andrew Cavan returns after four years