Claims
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.
Band H properties to be included in Flood Re
The Department for Environment, Food and Rural Affairs has agreed that band H properties in England and band H and I properties in Wales should be included in the Flood Re scheme.
Motor premium increases to be reflected in 2015 results
Insurers are unlikely to see any favourable impact from motor premium increases until their 2015 results, according to Towers Watson.
Average UK motor premiums rise 0.3% in November
The average price of a new comprehensive motor policy rose 0.3% to £590 in November; the third successive month of price increases, according to the Towers Watson and Confused insurance price index.
Law firm rallying Quindell shareholders for class suit
Law firm Your Legal Friend is encouraging shareholders that have lost money on their investment in Quindell to claim for professional negligence against the outsourcing company's board and advisers.
Editor's comment: What a difference a year makes
2014 is coming to a close and so much has happened but will insurers be sad to see it go? It was the year that started with Winter floods estimated to have generated a total bill of £500m and saw Labour Party Leader Ed Miliband demand insurers settle…
Legal Update: Disabled Claimants: Compensation for the disabled
Chris Gambs on a recent case ruling on future loss of earnings claims for partially disabled claimants
Bermingham exits Xchanging as Lloyd's consolidates market on to new claims scheme
Xchanging Claims Services executive director Paul Bermingham has left the company following the accelerated progress of the Lloyd's claims transformation programme.
North of the Border: The ramifications of Smith
Following the Scottish referendum, the UK government established the cross-party Smith Commission to make proposals for devolution of further powers to the Scottish Parliament. These recommendations, if implemented, will see yet further differences…
FCA reputation diminished after damning Davis report
The Financial Conduct Authority has been left "diminished" by a damning report into its handling of publicity around a life insurance thematic review, according to certain market observers.
UK insurers undeterred on sharing society progress despite international Uber concerns
The banning of Uber in several territories will not deter the UK insurance industry's engagement with sharing economy companies, according to commentators, with telematics providers tipped to help small car-sharing organisations obtain cover.
Future sustainability of Pool Re to be achieved by modernisation in 2015
The Pool Re board is aiming to complete its modernisation of the 22-year-old terrorism facility by the end of next year.
One in 10 car deaths linked to alcohol, says WHO
Following a study, the World Health Organisation has said one in every 10 car deaths is linked to alcohol.
ABI holding off Flood Re contracts as government talks continue
The Association of British Insurers is holding off contracting with a managing agent and a reinsurance broker for the Flood Re scheme due to ongoing discussions with government around the initiative's secondary legislation.
Blog: Private prosecutions - select wisely
Has the time come for insurers to use prosecution in the criminal courts in order to win the fight against claims fraud?
Quindell's Currie seeks stock market sponsor
Quindell is reportedly on the hunt for a new stock market sponsor after the exit of an analyst at its nominated adviser Cenkos Securities last month.
Computer glitch causes chaos for UK flights
A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain's biggest airports on Friday, officials told Reuters, as services returned to normal on Saturday.
Multi-defendant asbestos ruling 'significant' for future damages awards
A High Court ruling around compensation in asbestos-related lung cancer cases with multiple defendants will have a significant impact in the way damages in future cases are awarded, law firm BLM has claimed.
Berkshire Hathaway, Fosun and RSA: five leading 2014 Asia stories
Andrew Tjaardstra, Post's Asia editor, summaries five leading stories that made the headlines in Asia-Pacific over the year.
Insurers unfazed by CMA probe into Crawford's GAB acquisition
Insurer claims specialists are relaxed about the Competition and Markets Authority investigation into Crawford’s £45.8m acquisition of GAB Robins.
Quindell CEO plays down Terry’s share sale
Founder Rob Terry’s sale of 5% of Quindell’s total share capital has been played down by CEO Robert Fielding, despite the troubled firm’s share price dropping by a third over 24 hours.
Brisbane hailstorm insured costs rise to A$804m
November's powerful hailstorm in Brisbane has cost insurers and reinsurers A$804m ($669m/£426m) so far.
Founder Rob Terry dumps 5% of Quindell shares
Quindell’s founder and former chairman Rob Terry has offloaded a large swathe of his holdings in the firm over two weeks, with his stake dropping to below 3%.
ABI demands clarity on long-term flood defence plans
The Association of British Insurers has called for more information on flood defence spending to allay fears of repercussions impacting Flood Re.