Claims – Page 34
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NewsLloyd’s issues catastrophe warning amid sanctions move
Director of portfolio management says market must ‘price properly for the risks which are being borne’
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NewsOver a third of UK firms agree its difficult to obtain affordable flood cover – FloodFlash
Businesses in the East Midlands are the most worried about flooding
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AnalysisBriefing: Insurers are eyeing inflation as biggest claims risk for 2022
Describing inflation as ‘one of the single biggest issues’ for the sector, how do insurers plan to respond?
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AnalysisBrokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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NewsHospitality group Corbin and King wins £4.4m in High Court BI case against Axa
Insurers need to have a ‘radical rethink’ as more business interruption battles are expected to come to the forefront in 2022, says law firm partner
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NewsInsured losses from Storms Dudley and Eunice predicted to reach up to €4.5bn
Wind damage arising from Storm Eunice ranks her as the ‘costliest European windstorm of the last 15 years’
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NewsUK general insurers’ profits to be battered by back-to-back storms – Fitch Ratings
Credit rating agency expects gross insured losses in the realm of €5bn in UK, Germany and Netherlands combined
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AnalysisBriefing: ‘Great shame’ that brokers are not more involved in claims process
Are brokers missing a trick by not establishing their own claims functions, especially in light of continuing supply chain and communications challenges insurers are experiencing?
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AnalysisChanges to the Highway Code set to cause ‘absolute chaos’ for commercial fleet drivers
Brokers will be at the forefront when it comes to educating the public about the changes, while insurers will need to watch out for fraud
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NewsBiba launches Flood Insurance Directory in response to Blanc’s Doncaster review
The ‘cross-industry and government collaboration aims to provide a simple solution to a challenge that will help those that need it most’, says trade body’s executive director
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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NewsConsumers want more communications and usage-based policies from insurance firms
The majority of consumers surveyed want to hear more about the status of their claims from insurers
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NewsStorm Eunice rips London O2 Arena’s roof off
The landmark’s roof is regularly used by the general public for scaling and abseiling
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AnalysisIs postal workers’ pet hate driving dog-related public liability claims?
Following increased pet ownership during the pandemic, pet-centric public liability claims could be on the up – commentators believe fraud in this area is unlikely, despite policyholder feedback
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AnalysisBriefing: Are medical reports the latest snag in the OIC portal process?
Are medical reports behind the noted uptick in psychological injuries being added to whiplash claims and are firms deliberately delaying issuing claimant medical reports to save costs?
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NewsSynetiq signs green parts contract with personal lines insurer
The ‘significant’ expansion of the firms’ partnership ‘underlines the importance of working together to drive cost savings and reduce emissions’, says chief executive
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NewsComparetheMarket names storms as most common weather damage claim
There is a policyholder knowledge gap about the risk of local flooding, the aggregator reports
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IT InterviewChubb UK commits to offering brokers ‘stability’ following five star personal lines recognition
Flourishing in the HNW market means creating ‘a marriage of the right wordings, expertise, service delivery’ and finding ‘coverage to support clients’, says insurer’s head of personal risk services
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IT InterviewZurich plans to ‘work hard to keep ahead of competitors’ following five star report success
The insurer’s head of personal lines emphasises that Zurich has an ‘appetite to grow’ in 2022, alongside demonstrating a focus on claims and sustainability
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IT InterviewD&O and cyber liability insurance is ‘maturing’ amid hard market – JM Glendinning
New capacity in these markets could come from ‘nimble’ MGAs, however brokers must have ‘grown up’ conversations with clients to successfully manage expectations around higher premiums and reduced coverage, says broker boss
