Claims – Page 53
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NewsZurich wins court case as defendant pleads guilty to fraudulent motor claim
After deliberately causing damage to his car, the fraudster is facing a ‘hefty fine, community service and criminal record’, says head of claims fraud
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AnalysisFraud experts describe ‘worrying’ rise in property disrepair claims
Claims management companies are increasingly targeting this part of the market due to claim causation grey areas
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NewsDigitalisation demands insurers look carefully at the ‘oil tanker’ versus the ‘speedboat’
Insurance Times speaks exclusively to insurtech Concirrus following the release of its latest whitepaper
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NewsAround 800 UK accidental damage claims per year are dog-related – Aviva
Home insurance policies usually have exclusions for pet-related damage, including chewing, scratching and fouling
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AnalysisBriefing: Sector collaboration is quicker and more certain solution to tackle spoof ads versus OSB
The insurance industry must work together to collate information and case studies if it is to prevent ad spoofing from ‘legitimising fraud’
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IT InterviewMarkel UK attributes four star report rating to sustainability focus
The insurer has also sought to ensure that Covid-19 has not been ‘an excuse not to pay’ claims, says divisional director
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NewsSpecialist cycling insurer reports 8% rise in claims
Over half of payouts were for bikes or kit worth under £500
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NewsPolish insurer taps Tractable’s artificial intelligence platform
The insurer hopes to make the claims process quicker
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NewsBackchat March 2022
Canine colleagues, esports, crash for cash fraudsters and a new role for an insurance veteran. What has the insurance industry been up to lately? You heard it here first…
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AnalysisOpinion: Insurers still drowning in BI claims backlog
One year on from the FCA’s first publication of BI claims payment data, editor Katie Scott reviews the industry’s progress to date
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NewsAxa veteran takes helm as Aviva’s chief claims officer
After a tenure of almost 16 years at Axa, the new appointee looks forward to getting stuck into his new role
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NewsTrade credit insurers pull back from Russia and Ukraine
Some trade credit insurers will be adjusting their underwriting strategy
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NewsLloyd’s issues catastrophe warning amid sanctions move
Director of portfolio management says market must ‘price properly for the risks which are being borne’
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NewsOver a third of UK firms agree its difficult to obtain affordable flood cover – FloodFlash
Businesses in the East Midlands are the most worried about flooding
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AnalysisBriefing: Insurers are eyeing inflation as biggest claims risk for 2022
Describing inflation as ‘one of the single biggest issues’ for the sector, how do insurers plan to respond?
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AnalysisBrokers have a ‘key role’ following latest Scottish fire safety legislation
Five years on from the Grenfell Tower incident, and fire safety legislation is still being rolled out, the latest measure from the Scottish government, however, places brokers at the forefront of customer education
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NewsHospitality group Corbin and King wins £4.4m in High Court BI case against Axa
Insurers need to have a ‘radical rethink’ as more business interruption battles are expected to come to the forefront in 2022, says law firm partner
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NewsInsured losses from Storms Dudley and Eunice predicted to reach up to €4.5bn
Wind damage arising from Storm Eunice ranks her as the ‘costliest European windstorm of the last 15 years’
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NewsUK general insurers’ profits to be battered by back-to-back storms – Fitch Ratings
Credit rating agency expects gross insured losses in the realm of €5bn in UK, Germany and Netherlands combined
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AnalysisBriefing: ‘Great shame’ that brokers are not more involved in claims process
Are brokers missing a trick by not establishing their own claims functions, especially in light of continuing supply chain and communications challenges insurers are experiencing?
