Claims
Kennedys secures authoritative court guidance on 'fundamental dishonesty'
Kennedys has secured the first authoritative court guidance on the meaning ‘fundamental dishonesty’ in personal injury claims.
Asia-Pacific COR is "completely unacceptable", says QBE's Regan
Australian insurance giant QBE is looking to turnaround its Asia-Pacific operations after announcing expected 115% COR in 2017.
Gallagher employee jailed over £500,000 fraud
A claims manager who defrauded his employer, Arthur J Gallagher, out of more than half a million pounds, has been jailed.
McLarens makes two senior appointments
McLarens has appointed Ross Landsbaum as chief financial officer and Adam Weiner as senior vice president, IT strategy & operations.
Drone usage in insurance claims faces cyber and regulatory challenges
Inconsistent regulations and risk of hacking are among the challenges that need to be overcome as loss adjusters are increasingly using drones to assess insured damage, said Nick Barber, head of property & energy claims - Europe at AIG.
Blockchain pilots will be weighed on their merits
There may be several Blockchain prototypes available for companies to choose from at present but there will be a "narrowing" in terms of successful models later on, a consultant said.
Some insurtech investment doesn't make sense, conference hears
Some investment criteria into insurtech start-ups “don’t make sense over time”, said Neil Harrison, global head of claims at Aon Risk Solutions, warning against “innovation that is going to cause dissatisfaction”.
Executives admit they were unprepared for 2017 nat cats
Senior executives of major financial businesses admit they were unprepared for the spate of costly natural catastrophes that hit the American coastline at the tale end of last year.
Connected cars pose terror risk, conference hears
Connected cars are vulnerable to hacking and therefore pose a terror risk, a conference in Budapest heard.
Blog: Grenfell shows construction details need to be fully disclosed to insurers
Building regulations are being reviewed in the wake of the deadly Grenfell fire and Neil Clutterbuck, chief underwriting officer at Allianz, points out construction details need to be fully disclosed to insurers.
Blog: Brexit could leave motor insurers without room for manoeuvre
British drivers who have a car accident in the European Union can currently seek redress through UK courts but Brexit could change that. Mark Hemsted, partner at Clyde & Co, lists the points to keep an eye on.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
Single cyber attack could cost insurers more than Hurricane Katrina
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Insurance Council of New Zealand warns on climate change after record weather year
2017 was the most expensive year on record for weather-related insured losses according to the Insurance Council of New Zealand.
Rob Townend replaces Colm Holmes as Aviva UK GI boss
Current Aviva UK general insurance CEO Colm Holmes has left the role to become president and CEO of Aviva Canada.
Greater role for CMCs following whiplash reform ‘not entirely a bad thing’, MoJ says
Raising the small claims limit will drive personal injury claimants into the arms of claims management companies, a parliamentary committee heard.
Industry braced for losses in wake of Carillion collapse
The trade credit sector is braced for heavy losses following the collapse of construction giant Carillion.
Fraudsters sentenced after staging two crash for cash incidents
A man has been jailed and three others have been sentenced for orchestrating two cases of crash for cash frauds.
Government call for evidence on holiday sickness claims closes
The Civil Procedure Rule Committee's call for evidence on holiday sickness claims closes today.
Correction: David Pigot to remain UK and international CEO of Cunningham Lindsey
On 12 January Post published a story claiming David Pigot, the UK and international CEO of Cunningham Lindsey, had left the business.
This week in Post: Shuffling and reshuffling
This week, as Theresa May reshuffled her cabinet, the insurance industry underwent its own shake-up.
Justice Select Committee needs to prove its mettle over personal injury reforms
As the Justice Select Committee prepares to hear oral evidence about the government's personal injury proposals, Carpenters director Donna Scully bemoans the unrepresentative makeup of those giving evidence at a time when those in power need to be held…
Storm Eleanor will cost European insurers over €1bn, says AIR Worldwide
Catastrophe modeling firm AIR Worldwide has estimated between €1.1bn (£980m) and €1.6bn of insured losses from winter storm Eleanor.
Cunningham Lindsey promotes and replaces Singapore CEO
Global loss adjuster Cunningham Lindsey has promoted Singapore CEO Robert Williams.