Claims – Page 197
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NewsMotor settlement rates reduced by 10%
Jackson Lee finds settlement rates on motor policies with GAP insurance have reduced on average 5-10%, as some insurers are now favouring CAP’s valuation guide over Glass’s or Parker’s
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NewsArc Legal launches ‘mass market’ household cyber cover
The policy is designed to provide immediate assistance for individuals and families in the event of a cyber-attack on their personal electronic devices
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NewsLiverpool fire seen costing £2m in car payouts alone
Insurers could have to pay over £2m after as many as 1,400 cars were destroyed in the blaze, reports City AM
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NewsLarge construction claims see upturn – JLT
JLT says Ogden rate cut could cause further increase in larger claims
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NewsThe CII to transform faculties into societies
The CII says it is “part of a wider engagement strategy”
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NewsRipe launches new tailored policy service for small businesses
Ripe want to allow businesses with 10 employees or less “to build their perfect insurance policy”
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NewsFraudster sentenced for inflated insurance claim worth over £240,000
Alex Markham inflated the value of filming equipment stolen from him during a burglary
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NewsThe weirdest claims of 2017
From pothole mysteries to parrots in a bind, 2017 has been no stranger to weird and wonderful claims. Insurance Times has compiled some of the funniest, oddest, and downright disgusting for you to enjoy.
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NewsDavies enhances digital capability with fifth acquisition of 2017
Davies acquires motor engineering and total loss solutions provider TLSS to form part of Davies Motor
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NewsTelematics saved UK drivers £160m in 2017
UK drivers saved around £167 through usage-based insurance (UBI) policies
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NewsSchemeServe expansion "reflects demand for insurtech"
SchemeServe grew 15% in the last six months, which it says ”has been fuelled further by the race for brokers to reap the rewards of the Insurtech revolution.”
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NewsAllianz pumps $96.6m into microinsurer BIMA
Microinsurer BIMA will benefit from a $96.6m investment from Allianz X
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NewsLemonade raises $120m in latest funding round
US insurtech disruptor Lemonade raises $120m in latest funding round
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NewsRisk of young driver accidents increases 12% in winter months
Insurethebox urges young drivers to take care in the winter months, as its driving data shows the likelihood of a crash increases by 12%
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NewsDon’t get caught out by festive flooding, warns the ABI
After three storms caused £1.3bn of damage around the festive period in 2015, insurers are ready to respond to any flooding that takes place this year
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NewsNon-standard property MGA joins Acturis e-trade platform
MGA U-sure becomes “first” non-standard property provider to be added to Acturis’ e-trading platform
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NewsAviva paid 96% of claims in 2016, worth over £2.7bn
Aviva paid £2.7bn last year in cash settlements and services to more than 775,000 UK customers
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NewsAllianz appeal finds claims company inflated costs by 75%
Allianz challenged GSD Law Ltd after they submitted costs of £225,000 for several low-value injury claims
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News“Hackers are targeting school fees,” warns cyber insurance firm
Cyber Decider warns parents that their children’s private school fees are the top target for cyber criminals
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NewsCar insurance app raises over £300,000 in first week of crowdfunding
Honcho raises almost half its £650,000 target in its first week of crowdfunding
