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.
Cunningham Lindsey young gun wins CII award
Cunningham Lindsey assistant adjuster and major loss surveyor John Newnes has won the Cardiff Chartered Insurance Institute Young Achiever of the Year award.
Nat cats caused economic losses of $380bn in 2011
Natural catastrophes resulted in 27,000 deaths and $380bn in economic losses during 2011, according to data compiled by Munich Re and analysed by the Worldwatch Institute.
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.
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
Energy business warned to learn from past losses
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 could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
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.
Rate decreases still achievable despite record nat cats, Marsh says
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 recruits and promotes internally
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.
Marsh joins United Nations disaster partinership
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 changes global reinsurance outlook to stable from negative
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…
British Insurance Awards 2011: Setting the standard
THE MAJOR LOSS AWARD - WINNER - FITZGERALD CONSULTING
Major loss: meeting the challenges of major loss
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
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…
GAB Robins to handle 'green' pub fire
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.
Garwyn promotions aim to boost adjusting team
Liability specialist Garwyn has made a series of high level promotions within its adjusting team.
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.
Merlin reshuffle following Bond departure
Merlin has reshuffled its loss adjusting arm following the departure of former head of property Mike Bond to VRS Vericlaim.
CL heralds major loss fraud initiative
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.
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
Fitzgerald and Adjusting Solutions join forces
A working agreement has been established between insurance claims company Fitzgerald Consulting and loss adjuter Adjusting Solutions, led by Tom Battell and David Martin.