Claims – Page 534
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News Analysis
Independent: the case so far
Michael Bright stands firm under cross examination from lawyers acting for the Serious Fraud Office
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News
Ex-Chubb head to lead Lorega's UK expansion
?John Sims, the former head of Chubb’s personal lines operation, has returned to the market as chief executive of claims specialist Lorega. Sims, who resigned suddenly from Chubb five months ago, will spearhead Lorega’s UK expansion plans. Lorega helps commercial and personal lines brokers and their clients negotiate ...
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News
Industry backs ABI's climate change initiative
The ABI is launching a major industry initiative today to combat climate change on a global scale with the backing of all the major insurers. Insurers, including AXA, Aviva, Royal & SunAlliance and Lloyd’s, have signed up to the initiative which sets tough targets relating to climate change. An ...
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News
Monte Carlo: reinsurance rates face 15% drop at renewals
Reinsurance rates are set to tumble further in the 1 January renewal season, senior executives predicted this week.Further consolidation was also predicted in the coming year. Senior reinsurance figures said this week at the annual reinsurance Rendezvous in Monte Carlo that competition and excess capital could push prices down by ...
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News
Aquilo to de-list from AIM as IT business flounders
Struggling claims specialist Aquilo is to de-list from the stock market and has put its IT claims handling business into administration. The decision to de-list from AIM was taken at the company’s annual meeting this week. Aquilo said the benefits of listing on AIM no longer outweighed the ...
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News
DNA technology could end frivolous health claims
A new DNA technology, developed by a team of doctors in the US, could totally eliminate frivolous lawsuits against the insurance industry, it has been claimed.The genomics-based technology, developed over two and a half years by the University of Illinois’ College of Medicine, can determine how human cells and their ...
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C-ZoneFor better or worse
The wedding season is in full swing but disasters can occur. Adrian Ewington explains why wedding insurance has become important
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News AnalysisAggregators question RBS turnabout
The emergence of Tesco Compare.com have some calling for fair competition.
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News
Zurich puts flood claims bill at £325m
?Zurich Financial Services Group revealed this week that it expected aggregate claims payments of up to $260m (£128m) in relation to the July floods. The news brings the insurance giant’s total aggregate claims from the summer floods to $660m (£325m). Last month it predicted that claims from the ...
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News
Internet fraud set to sky-rocket
The internet has become a haven for insurance fraudsters and the crime spree is likely to sky-rocket as more insurers move business online.A survey by fraud specialist Absolute CM found that 75% of motor policy frauds were committed online. And 96% of frauds involving contrived claims were cases where the ...
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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News AnalysisOpen GI in tech tie up
New launch provides a cost effective way for smaller brokers to compare the market
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Online only
Zurich expect $260m flood claims
Zurich Financial Services said it expects $260m in claims payments related to the UK flooding in July 2007
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Online onlyReinsurance outlook is stable
The outlook for the global reinsurance sector remains stable supported by robust balance sheets of reinsurers, finds Andrew Holt
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NewsTerrorRisk launched
Terror tool will enable insurers to conduct planning through specific terrorism risk exposure
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Online onlyAllianz boosts electronic trading capabilities
Long-term deal signed with business integration provider, Kewill
