Claims
Blog: How important is claims to the broker 'value' story?
Attending a roundtable this week on “articulating the value of the broker”, one of the key conclusions resonated with me.
Nangka storm unlikely to cause 'significant structural damage' in Japan
Japanese residents and business have been left reeling after the onset of the Nangka typhoon resulted in flooding rain and damaging winds sweeping the country last week, although structural damage is expected to be limited.
Six-strong 'crash for cash' gang guilty of £5.6m fraud
A ‘crash-for-cash’ gang who attempted to con UK insurers out of £5.6m have been found guilty of conspiracy to defraud following a five-week trial at Isleworth Crown Court.
MoJ considers Medco overhaul two months after ruling out 'fundamental changes'
The Ministry of Justice has said it will consider reforming the Medco portal just two months after it told Post it was too early to consider "fundamental changes" to the medical reporting system.
33% of Britons receive more claims calls than from friends and family
The average UK household faces a “deluge” of 468 cold calls a year, according to research by LV, which has highlighted the role of claims management companies in the rise of nuisance correspondence.
Insurance quiz of the week - 17 July 2015
Budget boffin or disaster dunce?
Australia: Catastrophes threaten capital flow
Australia is on course for the worst year for natural disasters since 2011. Alex Davis examines the impact of the costs to a domestic insurance industry that may consolidate after a period of increased competition.
HCML vows to ensure long-term care for Alton Towers crash victims
Rehabilitation provider HCML is preparing to work alongside the NHS to ensure those injured in the Alton Towers rollercoaster crash last month can return home to a “supported environment”.
Deutsche Telekom head warns insurers over connected home complacency
Insurers have been warned to start exploring the potential of connected homes - or find themselves potentially usurped in the household market by disruptive players.
Editor's comment: Swinging from high to low
Last Wednesday was a day of extreme highs and lows for the insurance industry. The sector celebrated successes of the past year with the Oscars of the industry, the British Insurance Awards, with over 2000 insurance professionals letting their hair down…
Market Moves - 16 July 2015
Who has moved where in the world of insurance this week.
MIB and DfT dispute allegations of uninsured drivers' agreement 'shambles'
The Motor Insurers' Bureau and the Department for Transport have rebuffed claimant lawyer allegations the new uninsured drivers' agreement is a "bodged job" that breaches European Union law and have confirmed they will not amend the document.
Typhoon Chan-hom leaves China with 8bn yuan losses
Last weekend's powerful Typhoon Chan-hom has left a trail of destruction mainly across Zhejiang province in China.
Insurers issue cancellation guidance following FCO advice change
Holidaymakers who travel to Tunisa will no longer be covered by insurance following a change in the advice from the Foreign and Commonwealth Office.
Fix Auto UK to benefit from parent's PE investment
Fix Auto UK's parent company has secured a C$8.2m (£4.1m) private equity investment which will be split between its international operations for growth and acquisition purposes.
Insurance quiz of the week - 10 July 2015
Insurance swat or could do better?
Court clarifies commercial term in warehouse fire ruling
A 7 July Court of Appeal ruling will give the insurance industry clarity on the meaning of the widely used term "unattended" in the context of commercial premises, according to law firm RPC.
British Insurance Awards 2015: The winners
AIG, LV and Wilby were among the big winners at the British Insurance Awards – collecting two gongs apiece.
British Insurance Awards 2015: As it happened
The industry's most anticipated awards ceremony is over for another year.
Private prosecution service launched for fraudulent claims
A law firm and an investigation company have partnered to offer insurers a private prosecution service for fraud cases that would see payment of reasonable costs from a central fund.
Birmingham top UK area for jewellery claims
Birmingham received more claims for lost and stolen jewellery than any other UK area in 2014, according to research from Churchill Home Insurance and LMG Jewellery.
Swift MID policy cancellation advised as 'archaic' certificate rule is scrapped
Insurers have been advised to promptly update the Motor Insurance Database to avoid continuation of liability after the "archaic" rule requiring a motor insurance policyholder to return their certificate of insurance in the event of cancellation was…
Deregulation Act: Cutting ties
Section 9 of the Deregulation Act 2015 will make it easier for insurers to cancel policies – but they must remain fair to customers.