Claims
Post Magazine – 25 August 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Ecclesiastical hit with £419m catastrophe costs
Specialist insurer Ecclesiastical has managed to make a pre-tax profit of £15.6m despite a £7.6m loss in the first half of the year and catastrophe claims costs of £419m.
Ex-Swiftcover CEO Blowers back with new online start-up - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include online insurance broker Qmetric has been granted full Financial Services Authority approval and is said to be a “few weeks” away from adding three major…
US insurers lost $27bn on H1 catastrophes
AM Best estimates US insurers’ pre-tax catastrophe-related losses in the first half of 2011, were $27bn, up $15.1bn, or 127%, from $11.9bn reported during the same period a year ago.
Cunningham Lindsey adjusters return from N Z to handle riots
A five-strong team of Cunningham Lindsey UK loss adjusters have returned from New Zealand following a two month “tour of duty”.
Hurricane Irene gets stronger
Hurricane Irene has intensified to a category 2 hurricane and is expected to continue to strengthen, becoming a major hurricane of category 3 and above, warns Risk Management Solutions.
Hurricane Irene heading for the US, Met Office warns
Hurricane Irene, the first of this year’s North Atlantic tropical storm season, is heading for the Bahamas and is expected to move on to the United States in the next few days, the Met Office has warned.
First Hurricane Irene could hit US
AIR Worldwide has said that Irene became the Atlantic basin's first hurricane of the 2011 season when its winds strengthened to 75mph as it was leaving Puerto Rico's northern coast.
Bournemouth's streets cracked by floods
More than 60mm of rain fell in Bournemouth between 6am and midday on Thursday last week, and the average rainfall for the whole of August is less than 54mm, according to GAB Robins.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on the effect of climate change on property and an interview with a UK broker which has succeeded in France.
Cutting down on carbon – mitigating the effects of climate change.
Climate has a profound impact on property-related assets and as scientific evidence of a change in climate becomes more compelling Dr Cliff Warman asks how prepared the European insurance industry is now and for the future.
Flash floods hit Dorset
A spokeswoman for loss adjusters Cunningham Lindsey, told Post that some “isolated incidents of flooding” in the Dorset area had been reported at its Solent office, with some areas reaching “a couple of feet” of water.
Travel insurers face £275m annual bill
Figures released by the Association of British Insurers has shown that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
Two firms appointed to manage uninsured riot claims
Claims made by uninsured members of the public following the recent outbreak of rioting will be jointly managed by Crawford & Company and Cunningham Lindsey.
Württembergische appoints Charles Taylor for static claims
Charles Taylor Insurance Services has won its first static claims remit from the company market, with German insurer Württembergische Versicherung AG.
Charles Taylor wins company market static claims role
Charles Taylor Insurance Services has won its first static claims remit from the company market, following the roll-out of its service for the Lloyd's market in April this year.
Penny Black’s insurance week
Penny got more information than she bargained for when she visited Axa’s London offices last week to get an update on its commercial lines strategy.
Post history – 30 years ago: Government to pay out over riots
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
People moves – 18 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 18 August 2011 edition of Post.
Insurers extend riot notification period
Insurers have extended their claims notification periods for claims resulting from the riots in response to the government’s own extension of the notification period under the Riot (Damages) Act compensation scheme.
Working party formed to solve costs policy issues
A team of lawyers from different disciplines are to sit on the new Civil Justice Council working party to find practical solutions in three areas of costs policy identified in Lord Justice Jackson’s civil litigation costs review.
View from the top: Educating young drivers
The biggest killer of people between the ages of 17 and 24 in the UK is being a passenger or driver in a car. Our data suggests young drivers are five times more likely to make a claim than other drivers, increasing to 10 times as the severity of the…
BIS countdown - John Pollock: Managing the media
Legal & General’s John Pollock has a passion to improve the social profile of the insurance industry. He tells Jonathan Swift how it needs to unite to build consumer trust and improve its media standing.
New generation claims group: Networking opportunities
With a brief of developing innovative ways to improve the claims process, the Chartered Insurance Institute’s new generation claims group recently finished its year-long pilot. Ant Gould looks at the results and talks to the key players.