Claims – Page 248
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Online onlyUnimpressed consumers reject 'connected home' transition
Most consumers are unwilling to buy smart home technologies and lack interest in the ‘Internet of Things’, a new survey has found. PricewaterhouseCoopers (PwC) found that 72% of people surveyed were reluctant to adopt smart home technologies such as smart heating systems, renewable energy devices and ...
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NewsIce-cream van fraudster faces a year in jail
A man has been handed a one-year suspended sentence for his part in a series of insurance frauds involving an ice-cream van. Thirty-nine-year-old Barry Mark Sandmann of Brompton Lane, Strood, Kent was sentenced on Friday 27 May at the Old Bailey. In addition to his suspended ...
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FeaturesInsurers looking to be van man’s best friend
With the price of van insurance soaring nearly 10% in the past year, some insurers see an opportunity for telematics and cross-selling in this neglected market
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Online onlyRoads minister: Driverless car threat 'pie in the sky'
The idea of driverless cars making motor insurance unnecessary is “a lot of pie in the sky”, according to roads minister Andrew Jones. But he added that the advent of the driverless car would mean changes in the insurance industry. Speaking in Milton Keynes, where he ...
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Online only'Fundamentally dishonest' kick boxer KO'd by judge in court
A kick boxer has been ordered to pay £4,000 costs to esure after a public video uncovered the fraud to have falsely claimed the injuries sustained in the ring were received in a previous car accident. Dawid Masel, of Weston-Super-Mare, claimed that he was jolted on ...
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NewsAppeal court rules no proof of fraud needed to dismiss a claim
An appeal court ruling has confirmed that trial judges don’t have to confirm that fraud has taken place in order to dismiss a claim. Two claimants seeking over £25,000 in damages had their claim dismissed today by the Court of Appeal as they failed to prove ...
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Agenda'Crash for cash' duo caught in the act
Two men have been sentenced after they were spotted by a member of the public staging a car crash in Keighley, West Yorkshire. Luke Gaughan and Sam Borbely, both 25, staged the crash in the early hours of 15 November 2014 near Keighley. Borbely parked his ...
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NewsEx-Quindell unit Hubio teams up with Indian carmaker Mahindra
Hubio, the usage based insurance technology company owned by Watchstone Group – formerly Quindell – has teamed up with Indian carmaker Mahindra to offer telematics-based insurance services. Coinciding with the UK launch of Mahindra’s new e2o all-electric urban runabout (pictured) in the UK, the Indian company’s ...
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AgendaSimply Business hackathon creates ‘Tinder for insurance’
Simply Business has created an app that allows commercial insurance customers to swipe through a short question set to generate an indicative quote. The product, internally named Swipe Me, is only at an early conceptual stage, but is already basing its user experience on the Tinder ...
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Online onlyMajority of December storm claims settled
To date 85% of insurance claims made for flooded homes and businesses following the December storms have been either fully or partly paid out, according to the Association of British Insurers (ABI). The total number of claims made for damaged buildings currently stands at more than ...
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NewsRSA launches risk management service for mid market
RSA has launched a risk management service designed for mid-market companies in the regions to help them mitigate losses. The insurer said commercial accidents cost small and medium sized businesses millions of pounds every year and leave them vulnerable. The new service includes risk consultation, training ...
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NewsUK man stranded in Mexico hospital after AXA refuses claim
A pensioner who fell ill on holiday is stranded in a Mexican hospital after his insurers refused to pay out - leaving the family with a £40,000 bill, the Daily Mail reported. Retired milkman Colin Read, 72, was hospitalised with chest pains on the second day ...
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NewsABI calls for compulsory cyber attack database
The ABI has called on the government to create a database where companies would be obliged to record details of cyber attacks. The database would help overcome the lack of hard data on cyber attacks that is making it hard for insurers to provide appropriate cover, ...
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NewsZurich: Cyber-crime is SMEs’ biggest threat
Cyber-crime is small companies’ biggest worry, according to insurer Zurich’s latest SME Risk Index. The survey of more than 1,000 UK small and medium-sized businesses found that 42% of respondents consider the vulnerability of their technology to be the single largest concern to the success of ...
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AgendaCarrot and Trak Global in telematics deal with Volkswagen
Volkswagen Financial Services (VWFS) has teamed up with telematics broker Carrot and its sister technology firm Trak Global on a new offering for young drivers. Under the deal, VWFS will offer a year’s free telematics-based insurance to 18-to-24-year-old drivers that buy a Volkswagen Polo from a ...
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Online onlyIngenin and Imaginatik join forces to boost insurance innovation
Imaginatik and Ingenin have formed a global partnership to provide innovation solutions for the insurance industry. Ingenin is an innovation consultancy focused on the insurance industry, which was launched by two co-founders of the AXA Insurance Innovation Hub. Imaginatik has 20-years’ experience of developing sustainable innovation ...
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NewsHow ex-Towergate pricing boss Muzio aims to disrupt insurance
Michael Muzio has a grin on his face between sips of coffee. He’s finally succeeded in jumping through the regulatory hoops, meaning his new business is up and running. Chatting casually in a London cafe, Muzio is now ready to talk about it with Insurance Times. He ...
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NewsRural rebrands in plot to be ‘challenger’ in agricultural insurance market
Managing general agency (MGA) Rural Insurance has rebranded its logo as it sets out plans to be a challenger business within the agricultural insurance market. Chief executive Ian Barclay said the UK’s rural economy was a major contributor to the UK economy - valued at £211bn ...
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NewsQueen's Speech: Bill to ensure cover for driverless cars
The government is to promote the development of autonomous cars and will make sure insurance companies provide cover for them, it was announced at the state opening of Parliament. In her speech outlining government policy for the coming year, the Queen said the government wanted to ...
