Property
Court of Appeal finds insurers may only have to pay incurred reinstatement costs
Insurers may only end up paying for reinstatement costs that the insured has in fact incurred, the Court of Appeal has found.
Storm Barbara ‘could be first major test of Flood Re’
Home owners should take extra steps to ensure they have sufficient cover this Christmas owing to the risk of flooding from Storm Barbara.
Beazley investor sells £2.34m shares
A major shareholder in Beazley has disposed of £2.34m of shares in the company.
Home and motor insurers to end 2017 in the red, EY warns
Home and motor general insurers are likely to face significant losses in the coming year, EY said.
Blog: Loss adjusters lead encouraging flood-resilient repairs
Loss adjusters are encouraging flood-resilient repairs but a strong incentive is needed to support take up.
L&G appoints new GI CEO
Legal & General has appointed Cheryl Agius as its new general insurance CEO.
Families affected by St Albans sinkhole will return to homes in time for Christmas
After spending 14 months away from their homes following a sinkhole that opened in St Albans, families will be able to return to their houses in time for Christmas.
Accelerate signs three year deal with JM Glendinning
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with UK insurance broker JM Glendinning.
Helios acquires Salviscoint for £800,000
Helios Underwriting has acquired Salviscoint, a limited liability member of Lloyd's, for £800,000.
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.
Trio of promotions at Arthur J Gallagher
The president of Arthur J Gallagher's property & casualty operations, James Gault, has been promoted to the newly created position of chairman.
Neos enters partnership with Zoopla Property Group
Connected home insurance provider Neos has acquired investment as part of a new partnership with Zoopla Property Group.
LV Broker mulls exit from home after ‘forensic’ review
LV Broker is considering plans to stop selling home insurance, following a “forensic” review of the business.
Covéa's Carol Geldard on why a child's perspective can be helpful
It’s slightly galling, but at the same time strangely satisfying, when your 11-year-old points out the glaringly obvious.
UK's IPT now 6th highest in Europe
The UK now has the 6th highest standard rate of insurance premium tax in Europe, coming after Germany, Greece, Italy, the Netherlands and Finland.
Tackling flood risk needs a collaborative effort, says Flood Re chairman
Insurers, environment agencies and government need to collaborate if they are to tackle the threat of flooding effectively, said Mark Hoban, chairman of the board of directors at Flood Re.
Insurers pay out £56.7m in claims every day
Insurers paid out £56.7m to customers every day in 2015, according to figures from the Association of British Insurers.
High-net-worth fraud: A real rarity?
Many believe fraud in the high-net-worth market is rare. Is this the case, or are insurers just remaining tight-lipped about the problem?
Aviva's Stephen Pond on why prevention is the best possible cure
Embracing technology is the way forward for insurance companies
Axa launches new on-demand insurance app in partnership with Trov
The UK’s first on-demand insurance cover has been launched today through the free mobile app Trov, with the insurance being underwritten by Axa Insurance.
MAP staffer named 'underwriter of the year'
Richard Trubshaw, a property underwriter at Managing Agency Partners, has been named London’s leading underwriter based on broker nominations, according to a new report.
'Lavish' woman sentenced for taking insurance company for a ride
A woman has been sentenced after falsely claiming £10,000 for stolen horse saddles. The money was used to "fund her lavish lifestyle".
Blog: Remember, remember to lock up in November
It seems as though the minute the clocks went back on 30 October our minds turned to all things winter, including spooky goings on, fireworks, present lists and the much anticipated John Lewis Christmas ad - who can resist #BustertheBoxer?
Ageas sees profits fall on back of summer storm damage
Ageas has seen profits of £43m in the third quarter, a fall 8% from £46.9m in the same period last year.