Claims – Page 318
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Online onlyHow insuring cyber risks is like spotting sharks
The evolving nature of cyber crime means insurers must be wary
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Online only
The Innovation Group continues US expansion with roadside assistance acquisition
Driven Solutions bought for £4.3m
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Online only
FOS warns insurers over rejecting alcohol-related travel claims
Say descriptions of alcohol consumption are not clear enough
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News
UK insurers’ claims bill jumped by £1.5bn in 2013
But claims ratio improved after £3.4m growth in gross written premium, according to new ABI statistics
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NewsInsurers and brokers escape blame in FOS complaints league
Add-on products “often sold by companies outside of the industry” appeared high in the league table - FOS
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NewsApplication fraud is costing the motor insurance industry £2.8bn – SSP
SSP estimates that brokers alone are leaving themselves exposed to £1.4bn of lost premiums
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News
ASOS Barnsley fire could cost fashion retailer £30m
June fire ate into company’s quarterly sales
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News
500 fraudulent motor applications a day – ABI
Industry detected more than 180,000 false applications in 2013, says trade body
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News
Bodyshops opt to repair rather than replace, reveals study
Price of parts rises 25% in five years
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News Analysis
Biba to produce sharing economy insurance guide
Publication follows second meeting of the shared economy group
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Online onlyBriefing: what can we expect from the CMA motor probe?
The eagerly anticipated final report from the CMA’s private motor insurance investigation is set to be published in the next couple weeks, but with so much still shrouded in doubt, Insurance Times takes a look at what the industry could face when the remedies are finally published
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Online onlyGovernment consulting on second round of whiplash reforms
Proposals under consultation include a central IT hub for allocating independent medical experts and a data sharing initiative for claimant lawyers and insurers
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News
Eight motor insurance fraudsters sentenced as IFED expose blunders
Group faces jail time and community service
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Online onlyLorica replaces Open GI with Acturis
Acturis will now provide all back office software for the broker
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IT Events
2014 Insurance Times Awards finalists announced
The shortlist for the 2014 Insurance Times Awards has now been announced.This year Insurance Times received a record number of entries across more than 20 categories that highlighted some of the greatest achievements in UK general insurance over the past 12 months.Our finalists (revealed below) must now present their entries ...
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News
White Horse Insurance Ireland hires counter fraud firm to tackle travel fraud
VFM Services will provide fraud awareness training and claims handling
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Online onlyClaims rebound after Laspo reforms
Claims registered with the Ministry of Justice portal grew by 16% in August compared to same period in 2013
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Online onlyHas Laspo worked?
With claims volumes on the rise again, Insurance Times investigates the claims experience behind the numbers and asks whether the Laspo reforms have had a significant effect in the fight against fraudulent whiplash claims
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Online only
Top 20 non-natural castrophes for 2013 cost $8.1bn – Allianz
Refinery fire in Siberia has been the most costly event so far in 2014
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Online only
Credit hire firms ready to challenge CMA findings
“The bear is going to be unleashed” if it doesn’t get what it wants, the Credit Hire Organisation director general said
