Claims – Page 539
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C-ZoneWhy we must change the cheating culture
Insurance fraud is costing the industry about £4m a day, but customers are not keen to report it. Andrew Holt reports on what insurers are doing to fight it
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Comments/LettersFraud is an issue of perception
Nathan Skinner says there is still much to do to convince the public of the seriousness of insurance fraud
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NewsABI to compile top 10 fraud risks
A league table of the most common fraud risks impacting UK insurance companies is to be compiled by the ABI in a bid to tackle the growing problem.During 2007, the ABI's fraud committee will create a list of the top 10 most likely risks relating to fraudulent claims.Allianz claims fraud ...
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Insurers face higher claims pay-outs under law reforms
Reforms to the civil law on damages could see insurers paying out millions extra in claims, insurers and lawyers have warned. The government paper, published last week, proposes changes to benefits and care packages, including the extension of fatal accident awards for bereavement and dependency. Kieron West, a partner at ...
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C-ZoneEngines of change
Harlosh has a specialist approach to insurance administration using browser-driven functions that it claims has a significant cost benefit. Andrew Holt reports
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ReportsFacing the technological future
Insurance Times together with our partners, SSP and IBM, held a round table discussion on the challenges facing the insurance industry on the technology front. A panel of experts gave their views
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Comments/LettersAn electronic storm looms
Anthony Hilton says Lloyd's market reform is finally underway, despite its detractors dragging their feet
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Four arrested in 'cash for crash' insurance scam
The Insurance Fraud Bureau (IFB) has helped West Yorkshire Police with intelligence-gathering, leading to the arrest of four people today suspected of staging motor accidents...
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ACE settles another contingent commission charge
ACE has reached a $9m settlement with the Attorney General for the State of Pennsylvania over underwriting practices...
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Govt to spend more on flood resilience measures
The government is set to announced today a £500,000 funding package to help make flood vulnerable homes more resilient against flooding...
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MCE launches motor insurance website
Broker, MCE, has launched a new fully interactive e-commerce site for private car and motorcycle insurance...
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InsureYourMotor Switches to Open GI
Internet-based motor broker, InsureYourMotor, has switched quote engine supplier from CDL to Open GI...
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Technology duo to launch messaging hub
Xchanging and Advisen are set to jointly launch an ACORD messaging hub to all brokers and insurers in the London Market...
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Travel insurance is “too cheap” to be any use
Some policies charge too little to be able to pay out, warns Defaqto...
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Xbroker changes broker quote system
Xbroker, from Moorhouse Group, plans to add retail to its product portfolio and reengineer the system to better suit brokers' needs. The new retail product, which will be rolled out by the end of the month, will be underwritten by NIG and Zurich. Additionally the Xbroker system now includes the ...
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Brokers may need authorisation, warns DAS
Brokers who refer personal injury claims to local solicitors must now be authorised by the Ministry of Justice (formerly the Department of Constitutional Affairs), according to DAS. From 23 April it became an offence to offer claims management services without prior authorisation, exemption or waiver. Those found operating without ...
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News
Flood benefit call for low income households
The government should extend housing benefit to cover flood risk, a leading industry expert has warned.Professor David Crichton, visiting professor at Benfield UCL Hazard Research Centre, said that flood risk posed the greatest threat to low income households, and urged the insurance industry to put pres-sure on the government ...
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News
Claimsense future in doubt
The future of Claimsense, the claims resolution company, is in doubt after the defection of its technology and claims partner Elision to InterResolve. The news comes less than one year after the company was founded by AXA and Russell Jones & Walker (RJW).Adrian Maurice, chief executive of Elision said ...
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Imarket transactions rocket
Imarket transactions have rocketed by 44% in just a month as new insurers join and an increasing number of products populate the electronic trading portal, the company behind the system has claimed.Transactions have risen from 30,000 in February to 43,000 for March, signalling Imarket's increasing popularity among brokers, according to ...
