Fire
Insurance panel calls for stricter fire regulations
A panel of insurers, brokers and loss adjusters has called for stricter fire regulations, on the eve of the publication of the Hackitt review of building regulations and fire safety.
This Month in Post: shame, sunshine and an opportunity for change
Insurers have published their gender pay gap statistics. It was never going to go well and the industry's shameful figures further highlight that change is needed. With a bank holiday weekend approaching, perhaps it would be prudent to use that extra day…
Analysis: Liability war rages over Grenfell-style cladding replacement claims
A battle is raging over who is liable for costs to replace cladding on high-rise residential buildings across the country
This Week in Post: Training, trust and tech
This week in Post, the majority of the team managed to continue putting off doing any substantial exercise for our upcoming Tough Mudder course.
Post-Grenfell research lays bare fire safety test failures
Research conducted on behalf of the insurance industry in the wake of the Grenfell Tower fire has exposed the scale of fire safety testing failures.
This week in Post: Caution, doubt and selling out
This week in Post, there was news of sales, incompetence and unprecedented losses.
Grenfell insurer almost doubles premium following ‘unprecedented loss'
A Spanish insurer that covers leaseholder building insurance for the Royal Borough of Kensington and Chelsea will raise premiums by 86% as a result of the Grenfell fire.
Analysis: Risks, challenges and opportunities of commercial use of listed buildings
Underinsurance casts a long shadow across the world of listed properties, especially when owners are constantly expanding commercial activities. Experts warn that there can be many traps for the unwary or naïve, many of which do not come to light until…
Axa denies U-turn after customer has excess refunded from Liverpool car park fire
Exclusive: Axa has denied it has made a U-turn after a customer had their excess refunded from the Liverpool car park fire.
This Month In Post: Truth or dare on cyber
At the ABI annual dinner on Monday, as guests at my table predicted future insurance trends, I was struck by a suggestion. People will want to protect their most precious belongings and, in 10 years’ time, that will be their personal data, a KPMG partner…
Editor's comment: Media matters
My name is Stephanie Denton and I am a social media voyeur.
Analysis: Insurers torched on Twitter over Liverpool Fire
How social media influenced the response of insurers to the Liverpool fire
Blog: Escape of water claims must be investigated to stop rising cost
Insurers want to tackle the rising costs of escape of water claims but not enough are investigated to detect fraud or identify third-party liability, argues John Gow, operations manager and senior investigator, IFIC Forensics.
Analysis: Zoo insurance: A walk on the wild side
Zoo insurance is a niche market, with only a few underwriters and brokers, all very much focused on managing a ferocious variety of risks for visitors, staff and animals
Blog: Personal and cyber - connecting the dots
James Tucker, smart technology manager at Allianz, explains why insurers should consider creating an all-encompassing personal cyber cover.
This month in Post: Renewals, rates and redundancies
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
Editor's comment: An explosive start to the year
I started this year in style watching the fireworks over Sleeping Beauty’s castle at Disneyland Paris. Looking at January’s headlines the insurance industry has also started this year with a bang.
Liverpool fire response 'sets a dangerous precedent', says Axa's Blanc
Exclusive: Insurers who have waived the excess of policyholders affected by the Liverpool car park fire are setting "a dangerous precedent”, Axa UK and Ireland CEO Amanda Blanc has said.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
LV's Martin Milliner on delivering the insurance promise
Some insurers waited until their policyholders' frustration made the headlines to give some comfort after the Liverpool car park fire, regrets Martin Milliner, director of claims at LV, urging the profession to deliver on its promises in order to build…
GPI launches legal claim to recover £1m from Lloyd’s broker
Exclusive: An insurer has launched a legal petition to wind-up a Lloyd’s broker, over an unpaid claim of almost £1m.
Drone usage in insurance claims faces cyber and regulatory challenges
Inconsistent regulations and risk of hacking are among the challenges that need to be overcome as loss adjusters are increasingly using drones to assess insured damage, said Nick Barber, head of property & energy claims - Europe at AIG.
Blog: Grenfell shows construction details need to be fully disclosed to insurers
Building regulations are being reviewed in the wake of the deadly Grenfell fire and Neil Clutterbuck, chief underwriting officer at Allianz, points out construction details need to be fully disclosed to insurers.
Axis faces $130m nat cat loss in fourth quarter
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.