Claims – Page 245
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NewsEcclesiastical publishes principles for handling abuse claims
Specialist churches and charities insurer Ecclesiastical has published a set of principles it will apply when its policyholders face civil action that includes allegations of sexual or physical abuse. The insurer hopes the principles will make the claim process clearer for victims, survivors and policyholders. Ecclesiastical ...
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NewsAnalysis: Cyber hack vs cyber leak
What’s the difference between a cyber hack and a cyber leak? It depends who you ask, and does the difference matter anyway, our sister publication, GR was told by Lloyd’s Market Association senior technical executive cyber & professional lines Tony Ellwood. What is the difference, ...
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NewsWoman sentenced over income protection fraud
A 45-year-old woman has been sentenced to eight months’ imprisonment, suspended for two years after making fraudulent claims on her employer’s income protection insurance policy. Balbinder Mahil from Luton pleaded guilty to fraud by false representation and was sentenced in May 2016. Mahil was also ordered ...
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NewsBusinessman jailed for £114,000 insurance scam against NFU Mutual
A kitchen business salesman has been jailed for three years after using fake documents to defraud NFU Mutual in a £114,000 insurance claim. Clive Thomas Wade was found guilty of fraud by false representation and sentenced on Friday 24 June at Grimsby Crown Court after a ...
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NewsInsurance saleswoman faces jail for £31k commission fraud
A saleswoman at health insurer Simplyhealth has been sentenced to nine months’ imprisonment for a £31,500 mis-selling scam. Jacqueline Buckmaster, 54, of Rumney, Cardiff, was handed the sentence, which is suspended for two years, at Cardiff Crown Court on Friday after pleading guilty to fraud by ...
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NewsVolume of claims from flash floods manageable – insurers
Insurers said the volume of claims following yesterday’s flash floods had been manageable. The worst hit areas in London were Havering, Barking, Dagenham, Bexley, Greenwich and Lewisham. AXA claims technical director Martin Ashfield said claims were still coming in, but that many had experienced flash flooding ...
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NewsChannel Syndicate appoints new head of technology and cyber insurance
Tom Allen has joined Lloyd’s managing agency Channel Syndicate’s new innovation division as head of technology and cyber insurance. Channel, a subsidiary of Lloyd’s reinsurer SCOR, said the innovation division will look at new technologies and emerging risks, including cyber. Allen worked as a lawyer before ...
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NewsUK firms to face increased cyber regulations even with Brexit
UK companies will still have to comply with new EU regulations regarding data breaches irrespective of the outcome of the referendum vote today, leading cyber risk experts at Beazley’s Hacked! Conference said earlier this week. Interest in cyber protection among UK businesses has risen sharply with ...
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NewsTowergate hires Microsoft to help with IT overhaul
Towergate has hired Microsoft as a provider of cloud-based computing as it continues to overhaul its IT systems. The broking group will use Microsoft’s Azure cloud computing platform for its data centres and staff computing will be based on Microsoft’s Windows 10, Office365 and Skype for ...
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NewsDigital Risks partners with Aviva for combined commercial cover
Digital Risks, the new digital-first broker for technology and media businesses, has announced a partnership with Aviva to launch its combined commercial product. Designed to meet the needs of fast-growth and digitally-focused start-up and SME businesses, the product is sold as a monthly subscription, rather than ...
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NewsMan sentenced for lying about documents in £300,000 insurance claim
A 61-year-old man has been sentenced to 12 months’ imprisonment, suspended for two years, after using fake invoices in a £300,000 insurance claim. Richard William Kirkup Lewis from South Wales pleaded guilty to fraud by false representation and was sentenced at Swansea Crown Court on Friday ...
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NewsBriefing: As another insurer goes direct, should brokers be worried?
Another day, another insurer going SME direct. This times it is US insurer Travelers, releasing a direct SME office product for fewer than 10 employees and less than £2.5m in revenues. Travelers joins AXA, Allianz (Premierline Direct) and Hiscox, who have all gone direct to business ...
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NewsAon Benfield makes senior hire to head global cyber practice group
Aon Benfield has hired Luke Foord-Kelcey to co-head its global cyber practice group. Based in London, Foord-Kelcey will be responsible for developing Aon Benfield’s cyber offering to insurers and reinsurers. He will work with co-head Bill Henriques, who established the practice group. Prior to joining Aon, ...
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NewsFine firms for failing to report data breaches - MPs
MPs are calling for tougher rules that could force companies to report cyber attacks. The Culture, Media and Sport select committee said in a report yesterday that the regulator should have a “robust system of escalating fines” for those failing to report security breaches, the Financial ...
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AgendaMeerkats and ego massaging: psychology of the new market
With the smartphone making everyone’s attention spans shorter, insurance companies need to develop technology that makes consumers feel ‘at the centre of the world’ and appeal to emotions rather than rationality
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NewsInsurance lawyers warn about 'pseudo lawyers' in small claims courts
The government’s crackdown on bogus whiplash claims could backfire and actually strengthen the role of claims management companies, according to the Forum of Insurance Lawyers (FOIL). Plans to increase the small claims court limit for personal injury from £1,000 to £5,000 will leave many personal injury ...
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Online onlyinet3 unveils non-standard property Flood Re solution
Inet 3, a specialist property managing general agent (MGA), has launched its Flood Re solution for non-standard home risks. The launch was supported by a new broker learning hub designed to assist brokers with product knowledge and competency through an online, tailored training programme. Inet3 brokers ...
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AgendaStart-ups on insurers: ‘It is like you are in a pinball machine’
Start-ups speak out on the difficulties and frustrations of working with insurance companies.
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NewsRolls-Royce unveils 'luxury' driverless car
Rolls-Royce has unveiled its first driverless car which it claims is the “the future of luxury mobility”. The Rolls-Royce Vision Next 100 has no steering wheel, only one door and a virtual assistant. Instead of a chauffeur the vehicle will be controlled by a female-voiced artificial ...
