Claims
Thai floods: Waters set to overwhelm Bangkok
Loss adjusters are preparing for the complete flooding of Bangkok as waters reach the centre of the city.
Brunel sees rise in PII renewals
Brunel Professional Risks saw a rise in the number of solicitors’ practices placing their professional indemnity insurance (PII) business through the indemnity insurance broker by the 1 October renewal deadline.
UK motor insurers cough up for PPO
Insurers are seeing a steady rise in demand for periodic payment orders, backing the findings of the Institute and Faculty of Actuaries.
Post magazine – 27 October 2011
This week the Post team reports on feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Labour front bencher admits concerns over Jack Straw's referral fee ban plan
The Labour Party is not wholly behind its minister Jack Straw’s proposal to ban referral fees it has emerged.
Wide ranging losses predicted following Turkish quake
Insured losses from the magnitude-7.2 earthquake in eastern Turkey could be anywhere between $55m and $170m, according to catastrophe modeling firm Air Worldwide.
Turkey quake to cost as much as $200m
Catastrophe risk modelling firm Equecat has said the insured loss estimate for the 7.2 magnitude earthquake in eastern Turkey is in the range of $100m to $200m.
LAS recruits flooring validation manager
LAS Claims Management has confirmed it is to launch a range of dedicated claims validation services following the appointment of Martin Edwards, the former business development manager of Independent Inspections.
MA Assist delivers 30% cost savings in UIA tie up
MA Assist has won a three year contract to provide building claims and fulfilment services for UIA Insurance.
Questgates provides health fraud training
Questgates is to deliver accredited counter fraud training to Health Insurance Counter Fraud Group members.
Insurance Insight weekly update live - 21 October
Insurance Insight’s weekly update is live with an article on how brokers need to be up to date on the cyber risks their customers are facing; and a feature of how Lloyd’s of London has spread its each across Europe.
Lloyd’s in Europe
Lloyd’s of London is no longer only accessed through London and has spread its reach across the globe in recent times. Francesca Nyman asks how established it is in Europe and what challenges it faces here.
Carpet company boss found guilty of arson and insurance fraud
The boss of a large carpet warehouse company, has been sentenced to five and a half years in prison after being found guilty of arson and fraud after a fire broke out at his Knowsley-based depot in 2009.
Insurer liabilities grow under larger compensation payments ruling
Personal lines motor insurers will be forced to pay larger compensation payments to bodily injury claimants over longer periods of time due to the growing popularity of a 2003 legal ruling.
NW England bodily injury claims largest in UK and America
The Institute and Faculty of Actuaries has welcomed the government decision to ban referral fees after its research found claims management companies (CMCs) pocketed almost £500m last year.
DCS opens Brisbane office
Devonshire Claims Services (DCS) has opened a new office in Brisbane.
Your say: Work flow enhancements
I write in response to the article on WNS Assistance’s property service launch and just wanted to clarify the new technology invested in to deliver an innovative claims service for the insurer and broker market.
Editor's comment: Yet another call for action
How often do we hear that rallying cry for the insurance industry to up its lobbying credentials and persuade government to deliver change that will safeguard both citizens and businesses alike? All too often.
MYI secures appointment to handle Manchester riot contentious claims
Loss adjuster MYI has been exclusively appointed to handle high-value and contentious claims against the police from the Manchester riots in August.
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.
Claims event: PI lawyers unmoved as insurers call for legal claims costs reduction
Personal injury lawyers refused to bend to insurance industry demands for the cost of processing legal claims to be reduced, following the imminent abolition of referral fees, in a heated panel debate.
Claims event: Record unemployment could boost interest in industry
The UK’s record level of unemployment could provide a recruitment opportunity for the insurance claims sector, Aviva technical claims manager Tim Andrews suggested.
Claims event: Seddon: social media use is ‘bonkers’
Using social media in claims handling is “bonkers” and companies risk “shooting themselves in the foot” if they embrace Facebook and Twitter, the insurance industry has been warned.