Claims – Page 524
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News
Airline insurance faces first loss since 2000
The airline insurance market looks set to make its first loss since 2000, according to Aon.The broker said the total lead hull and liability premium in the market was likely to be around $1.46bn (£736m) for the whole of 2007, but with claims totalling at least $1.53bn.The high level of ...
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News
Allianz leads in use of recycled motor parts
Other insurers are expected to follow Allianz’s lead in using recycled parts in motor vehicle repairs.Allianz this week announced it would launch a permanent recycled parts programme, following a successful pilot project.It claimed it was the first UK insurer to offer such a scheme, which offered policyholders the chance to ...
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Cassidy Davis to provide home emergency service cover
Partnership with Europ Assistance gives round the clock protection for mortgate lenders and intermediaries
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Three in four Brits fear New Year's Eve burglaries
7.4 million residents to stay at home for celebrations as a result
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2007 catastrophes cost Insurers $30bn worldwide
950 events in year is highest on record, says Munich Re
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Online onlyInsurance workers admit white collar crimes
New research shows people in respected professions frequently break the law
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Online onlyLloyd's steals Christmas from the Grinch
Insurer offering the first policy to protect against the Grinch
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IIB to continue its "fight for justice"
Government's decision to not amend legislation deemed unfair to brokers is being called outrageous
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News
R&SA to refund flood call costs
Royal & SunAlliance (R&SA) has pledged to refund flood victims who have been charged up to 50p a minute for calls regarding their claims.In the week that Sir Michael Pitt published his interim report on the summer floods, which cost the industry over £3bn, R&SA admitted that it had charged ...
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News
Lloyd’s misses two reform targets
The Lloyd’s market will miss its year-end targets for two electronic reform milestones, according to a report released this week.Lloyd’s also unveiled a price-monitoring tool and online coverholder system, in its three-year business plan also published this week.In its 2007 year-end progress report, Lloyd’s estimated that electronic claims files (ECF) ...
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Oval restructures London broking divisions
Acquisitive broker forms new retail broking team
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Online onlyDirect Fleet accelerates business
Over £500,000 of premium already submitted for quotation as Brit and HSBC sign up to insurer panel
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Online onlyPavey Group signs with Open GI
Four year deal will provide capacity to support future growth
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