Claims – Page 229
-
Online onlySelf-driving car claims first road death
The driver of an electric Tesla car has been killed while the vehicle was on autopilot. It is understood to be the first road death involving a self-driving car, with American news outlets naming the driver as Joshua Brown from Ohio. “What we know is ...
-
NewsMarkerstudy buys telematics broker Drivology
Insurance and broking group Markerstudy has bought app-based telematics broker Drivology. The acquisition will add over 6,000 policyholders to Markerstudy’s retail division. Drivology specialises in smartphone app-based car insurance. The company’s app monitors how safe a driver is to determine motor insurance premiums. The app determines ...
-
NewsBrexit means bad news for innovation says Atidot
Start-up risk management company Atidot chief executive Dror Katzav has said that Brexit means bad news for innovation as start-ups are “businesses for immigrants”. Speaking at a London InsurTech event on June 29, six panellists shared their views on whether Brexit would impact the InsurTech wave ...
-
NewsWillis’s Gaffney says risk is the future of insurance
Willis Towers Watson chief technology officer Simon Gaffney has said that there are huge opportunities in the risk market for new people entering the insurance industry. Speaking at the London InsurTech Conference on 29 June, Gaffney said that technology is transforming clients and creating new businesses ...
-
NewsTech & Innovation Awards 2016 shortlist announced
An extensive array of technology firms, insurers and brokers have been shortlisted for the Insurance Times Tech & Innovation Awards 2016. These prestigious awards recognise the best applications of technology in UKGI. It is a celebration of how insurance firms and their technology partners are meeting ...
-
NewsEcclesiastical publishes principles for handling abuse claims
Specialist churches and charities insurer Ecclesiastical has published a set of principles it will apply when its policyholders face civil action that includes allegations of sexual or physical abuse. The insurer hopes the principles will make the claim process clearer for victims, survivors and policyholders. Ecclesiastical ...
-
NewsAnalysis: Cyber hack vs cyber leak
What’s the difference between a cyber hack and a cyber leak? It depends who you ask, and does the difference matter anyway, our sister publication, GR was told by Lloyd’s Market Association senior technical executive cyber & professional lines Tony Ellwood. What is the difference, ...
-
NewsWoman sentenced over income protection fraud
A 45-year-old woman has been sentenced to eight months’ imprisonment, suspended for two years after making fraudulent claims on her employer’s income protection insurance policy. Balbinder Mahil from Luton pleaded guilty to fraud by false representation and was sentenced in May 2016. Mahil was also ordered ...
-
NewsBusinessman jailed for £114,000 insurance scam against NFU Mutual
A kitchen business salesman has been jailed for three years after using fake documents to defraud NFU Mutual in a £114,000 insurance claim. Clive Thomas Wade was found guilty of fraud by false representation and sentenced on Friday 24 June at Grimsby Crown Court after a ...
-
NewsInsurance saleswoman faces jail for £31k commission fraud
A saleswoman at health insurer Simplyhealth has been sentenced to nine months’ imprisonment for a £31,500 mis-selling scam. Jacqueline Buckmaster, 54, of Rumney, Cardiff, was handed the sentence, which is suspended for two years, at Cardiff Crown Court on Friday after pleading guilty to fraud by ...
-
NewsVolume of claims from flash floods manageable – insurers
Insurers said the volume of claims following yesterday’s flash floods had been manageable. The worst hit areas in London were Havering, Barking, Dagenham, Bexley, Greenwich and Lewisham. AXA claims technical director Martin Ashfield said claims were still coming in, but that many had experienced flash flooding ...
-
NewsChannel Syndicate appoints new head of technology and cyber insurance
Tom Allen has joined Lloyd’s managing agency Channel Syndicate’s new innovation division as head of technology and cyber insurance. Channel, a subsidiary of Lloyd’s reinsurer SCOR, said the innovation division will look at new technologies and emerging risks, including cyber. Allen worked as a lawyer before ...
-
NewsUK firms to face increased cyber regulations even with Brexit
UK companies will still have to comply with new EU regulations regarding data breaches irrespective of the outcome of the referendum vote today, leading cyber risk experts at Beazley’s Hacked! Conference said earlier this week. Interest in cyber protection among UK businesses has risen sharply with ...
-
-
NewsTowergate hires Microsoft to help with IT overhaul
Towergate has hired Microsoft as a provider of cloud-based computing as it continues to overhaul its IT systems. The broking group will use Microsoft’s Azure cloud computing platform for its data centres and staff computing will be based on Microsoft’s Windows 10, Office365 and Skype for ...
-
NewsDigital Risks partners with Aviva for combined commercial cover
Digital Risks, the new digital-first broker for technology and media businesses, has announced a partnership with Aviva to launch its combined commercial product. Designed to meet the needs of fast-growth and digitally-focused start-up and SME businesses, the product is sold as a monthly subscription, rather than ...
-
NewsMan sentenced for lying about documents in £300,000 insurance claim
A 61-year-old man has been sentenced to 12 months’ imprisonment, suspended for two years, after using fake invoices in a £300,000 insurance claim. Richard William Kirkup Lewis from South Wales pleaded guilty to fraud by false representation and was sentenced at Swansea Crown Court on Friday ...
-
NewsBriefing: As another insurer goes direct, should brokers be worried?
Another day, another insurer going SME direct. This times it is US insurer Travelers, releasing a direct SME office product for fewer than 10 employees and less than £2.5m in revenues. Travelers joins AXA, Allianz (Premierline Direct) and Hiscox, who have all gone direct to business ...
-
NewsAon Benfield makes senior hire to head global cyber practice group
Aon Benfield has hired Luke Foord-Kelcey to co-head its global cyber practice group. Based in London, Foord-Kelcey will be responsible for developing Aon Benfield’s cyber offering to insurers and reinsurers. He will work with co-head Bill Henriques, who established the practice group. Prior to joining Aon, ...
-
NewsFine firms for failing to report data breaches - MPs
MPs are calling for tougher rules that could force companies to report cyber attacks. The Culture, Media and Sport select committee said in a report yesterday that the regulator should have a “robust system of escalating fines” for those failing to report security breaches, the Financial ...
