Claims
Italy's drought crop damage close to $1bn
Italian farmers have suffered nearly €1bn ($1.23bn) in crop damage from drought, according to farm industry organisation Confagricoltura.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Drop in profit for Bahrain Kuwait Insurance Co after increased motor claims
Bahrain Kuwait Insurance Company has posted net profit of BD1.5m ($3.9m) for the quarter ended 30 June 2012 (2011: BD 2.6m).
Haikui causes $230m of insured damage in China
Damage from Typhoon Haikui, which hit China last week, has been assessed at ¥1.046bn ($230m).
Inter Resolve teams up with Aquarium Software on claims management
London-based insurance mediation business Inter Resolve has signed up insurance claims management solutions firm Aquarium Software to help improve its claims handling processes.
SAMA 'extremely helpful' for foreign investors in Saudi, says Charles Taylor
The Saudi Arabian Monetary Association was "very positive" and "extremely helpful" when approached about a foreign adjuster looking to invest in the kingdom, according to Joe McMahon, chairman of Charles Taylor Adjusting.
Cash settlements: Morally wrong?
The morality of cash payments to tradesmen came to the fore again last month, but what does it mean for the insurance industry? MA Assist's Paul Hayman talks to Post.
Merlin makes 200 redundancies
Merlin Claims is to make 200 people redundant after going into administration this week.
Indian PMI insurer Apollo Munich Health aims for profit in 2013
Indian health insurer Apollo Munich Health Insurance has recorded gross written premiums of Rs 475.9 crore and aims to turn a profit next year.
Cyber Risk Insurance Forum sets focus in inaugural meeting
The Cyber Risk Insurance Forum, established to develop a security framework for companies taking out cyber insurance, has held its inaugural meeting, expanding its membership and developing two lines of focus for its on-going campaign.
Swiss Re's Q2 results hit by sale of Admin Re at a loss
Swiss Re has reported net profit of $83m for the second quarter of 2012 as the result of the sale of the Admin Re US business at a loss of $1bn.
Philippine Stock Exchange closes as country sees 11 days of monsoonal rains
The Philippines has seen 11 consecutive days of monsoonal rains, exacerbated by passing tropical cyclones, which has led to flooding in the capital of Manila and surrounding provinces of the island of Luzon.
Charles Taylor acquires Saudi loss adjusting business
Charles Taylor has made a strategic move to grow its loss adjusting business across the Middle East by acquiring a majority stake in Noble Inspection and Loss Adjustment Company, a licensed loss adjuster based in Saudi Arabia.
Charles Taylor buys majority stake in Saudi Arabian loss adjuster
Charles Taylor has acquired a majority stake in the Noble Inspection and Loss Adjustment Company in a bid to develop its Middle East footprint.
Merlin Claims goes into administration
Merlin Claims has gone into administration today just two months after denying that it was in trouble.
Wunelli launches driving simulator app
Telematics insurance business Wunelli has launched a smartphone safe driving simulator app which allows young motorists to test their driving skills and determine whether they can save on car insurance.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
LAS signs storm claims deal with Lloyds Bank
LAS Claims Management's specialist surveying division, Waylett & Co, has secured a deal validating storm-related roof claims for Lloyds Banking Group customers.
Typhoon Haikui to cause millions of pounds of insured losses
A typhoon that is sweeping its way through eastern China could cause up to £100m insured losses.
China suffers $8bn economic losses from July floods
Aon Benfield has estimated that the floods in China during July caused economic losses of $8.3bn.
Zurich and Weightmans tackle string of fraudulent personal injury claims
Global insurer Zurich and national law firm Weightmans have teamed up to crack down on the fraudulent claims public authorities have faced in recent months.
L&G confirms pet and travel insurance offerings
Major household insurer Legal & General has confirmed it will launch pet, travel and mid-net worth insurance products before the end of the year.
L&G premium growth offset by weather losses
Legal & General's general insurance business has been hit hard by summer flooding and the freezing weather last winter, as profit in the first half of the year more than halved to £8m compared with the same period in 2011 (H1 2011: £17m).