Major loss

First Recovery teams up with Composite Legal Expenses

Disaster recovery company First Recovery, in association with Composite Legal Expenses, is set to launch what it says is a "unique" insurance policy at this year's British Insurance Brokers' Association conference.

Crawford dropped from Axa household panel

Axa has axed Crawford & Company as the main supplier of loss adjusting services for household insurance claims after four years, while GAB Robins and Cunningham Lindsey remain on its books.

Mixed 2012 renewals for global reinsurance market

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.

Australian floods expected to cost A$4-A$6bn

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…

Post Europe: Major loss in the Mediterranean

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.

Post Europe View from the Top: Sunlight drives away shadows

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…

Major loss: Repair or replace?

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.

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