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America and Asia battle series of earthquakes
Several earthquakes hit California, the Florida Keys, Japan and China over the Bank Holiday weekend.
DLG revamps claims management system
Direct Line Group has taken another step towards revamping its claims business by launching the next phase in its end-to-end claims management system.
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
Lorega chairman Harvey sails off into the sunset after 25 years
The chairman and director of the Lorega, Malcolm Harvey, pictured, has retired.
Co-op goes for growth in household sector
Co-operative Insurance director of general insurance David Neave said the firm has written a higher volume of home insurance policies compared to motor policies this year so far in a bid to “redress the balance” within its personal lines portfolio.
Transactor to go live with new broker telematics offering
Insurance software specialist Transactor has teamed up with broker Carrot Car Insurance to produce a new personal lines telematics offering.
Allianz retail boss jumps ship to join First Central as marketing director
First Central bosses have signalled their intention to strengthen the firm’s online offering following the appointment of former Allianz Retail head of direct business Andy James as group marketing director.
Laptops and televisions top the bill for most fraudulently claimed items
Bogus claims for lost, stolen or damaged iPhones have risen by 100 fold over the past two years, according to VFM Services.
American expansion gathers momentum at BMS following key hire
BMS has moved to further bolster its US reinsurance operation following the appointment of Chuck Hewitt to the joint role of senior producer, executive vice president and member of it stateside leadership team.
Ecclesiastical introduces rate rises after £14m underwriting loss
Church insurer Ecclesiastical plans to put up motor and household rates by up to 15% after posting a half year underwriting loss of £14.4m, which was more than double the £6m it was last year.
Fraudster busted after downloading image to exaggerate paper-cut
A would-be fraudster who suffered a paper-cut while at the gym has been cautioned by the Insurance Fraud Enforcement Department after downloading an online image of a wound to support a £500 claim.
Howden moves to second stage of energy development with double capture
Howden has outlined the next phase of its energy division development following the appointment of Greg Stenzhorn and Richard Bateman, who join the firm from Aon Benfield and Price Forbes respectively.
Transactor ramps up claims management software
Insurance software provider Transactor Global Solutions has unveiled a number of new features to its claims management software having completed a review and rewrite of the product.
IAG sheds $300m assets ahead of potential UK business sale
Insurance Australia Group has written off AUD$297m (£196.6m) remaining goodwill and intangible assets associated with the UK business just months before it decides whether to sell its loss-making divisions.
Ecclesiastical CEO upbeat despite significant H1 underwriting losses
Ecclesiastical chief executive Michael Tripp has blamed “turbulent times” after his group chalked up a first half underwriting loss of £14.4m (H1 2011 £6m).
Claims management companies come in for regulatory consultation
Verbal contract agreements between claims management companies and consumers could become a thing of the past, following the launch of a consultation process by the Claims Management Regulator.
Brokers told to up game in face of HNW competition
Intermediaries operating in the high net worth arena have been warned they must concentrate on improving their bespoke offering to clients if they are to win out over growing competition in the high-end home insurance market.
Suncorp GI profit up 26% despite cat loss
Suncorp has reported a significant year-on-year growth in net profit after tax of $724m (£478.7m)for the year to 30 June 2012 compared to $453m in 2011.
Junction hires ex AA ecommerce boss Queen
Junction has appointed the former head of ecommerce at The AA Jamie Queen to the role of associate director on the BGL Group’s affinity arm.
Aviva recruits former Bupa fraud boss amid uncertainty over senior jobs
Aviva has appointed Anne Green to the newly created role of head of fraud for underwriting, pricing and product.
Historical hurricane costs upwards of $10bn in 2012, claim cat experts
Experts have stated that 28 out of almost 180 hurricanes that have occurred in the United States since 1990 would have caused $10bn (£6.3bn) or more in insured losses had they happened today.
Chinese car insurance market faces further losses
Insurers operating in China's compulsory motor insurance market face further significant underwriting losses in the next two years due to rising claims, tightly regulated pricing and the potential for further competition.
Millionth uninsured vehicle seized by police
The UK's millionth uninsured vehicle is set to be seized this morning by police in the West Midlands.