Claims – Page 28
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NewsCryptocurrency crisis leading to insurance policy wording amendments
Volatility in a market in its infancy is creating calls for regulation, says FCA chief executive
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AnalysisUptick in livestock disease claims leads to farmer losses and increased insurer costs
It is pivotal that brokers have meaningful conversations with agricultural clients to ensure they understand farming’s operational risks
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NewsInflation rate for motor claims settled in 2021 reached 6.2% – WTW
Average claims settlement times in Q1 2021 were two months longer compared to the same period in 2019, says the broker
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NewsInflation contributing to an increased number of aircraft being written off
Repairable vehicles are increasingly being scrapped as the cost of repairs approaches their total value, says aviation portfolio manager
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AnalysisBriefing: Brokers must help Rolex and Patek Philippe owners watch for HNW underinsurance
Some luxury watches have more than tripled in price – even for second-hand watches – meaning that brokers have to be on the ball if they are to help prevent underinsurance for HNW customers
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AnalysisAviation market braces for ‘potentially huge losses’ as Russian aircraft seizures bite
The aviation insurance market ’is burying its head in the sand’ when it comes to tackling the fallout from the Russia-Ukraine conflict
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NewsPoor management of climate risks could lead to D&O and E&O claims – Kennedys
Environmental and climate risks can impact ‘all types of insurance policies’ because they are ‘a constant, growing concern’, says law firm partner
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NewsFlood Re reports £46m in GWP for 12 months to March 2022
The government-backed scheme hopes to build on the success of its ’Build Back Better’ initiative in the coming year
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NewsNewest OIC performance data show continued decline in claims
The portal is also ‘failing’ to provide access to justice as average settlement times are increasing, according to ACSO executive director
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Sponsored ContentClyde and Co: Building a new foundation for casualty claims
After voting to merge with fellow law firm BLM in March 2022, Clyde and Co partners, Matthew Harrington and Chris Murray, set out the combined company’s vision for the future
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AnalysisBackchat July/August 2022
Biba dishes out journalism awards, Wimbledon’s upcoming ball fetchers, Mary Poppins and an unusual car insurance claim. What has the insurance industry been up to this month? You heard it here first…
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Sponsored ContentLeveraging technology, data and analytics to achieve better outcomes – Gallagher Bassett
Claims management firms have long used data, alongside continuing to embrace technology, to drive operational improvements. Charlotte Harrison, senior business development manager at Gallagher Bassett, shares how data can be used to achieve good customer outcomes
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NewsUK heatwave will cause increase in glass claims – Auto Windscreens
’Tracking weather and forecasting peaks and troughs is vital’ for insurers, says commercial and sales director
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News‘Evolving black swan events’ are making ‘the industry incredibly nervous’ – Accenture
Despite five possible black swan events on the horizon, past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’, according to professional services firm
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NewsBrokers want more support from insurers when handling complex claims – Allianz
When brokers and insurers work together to handle claims, communication via email is one broker bugbear that insurers should be aware of
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Sponsored ContentTravelers: Why smaller solicitor clients need professional indemnity insurance
James Graham, deputy head of professional indemnity and cyber at Travelers, outlines the best practices to follow when advising on PI cover for smaller solicitors - their reputations will likely depend on it
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IT InterviewKaren Beales: OIC portal challenges offer opportunities around legal expenses insurance
The insurer plans to target brokers, providing a ‘mix and match’ of legal expenses insurance and motor cover add-ons
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NewsClaims for cycle thefts increase by 126% – Urban Jungle
Bikes are the “most common” item to be stolen and are difficult to trace, says insurance director
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AnalysisProperty insurance falls to underwriting loss despite drop in claims
Insurance DataLab takes a deep dive into the UK’s property insurance sector, exploring market trends and pinpointing improving insurers
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News‘Long echo of Covid-19’ has spurred state of national anxiety – BrokerFest 2022
The FCA’s price walking regulations are yet to create an increase in shopping around for cover, says Consumer Intelligence
