Insurer News – Page 332
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Severe flood warnings on Thames as insurers eye business interruption claims
About 5,800 properties flooded since December
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Sabre chairman calls on insurers to adopt MyLicence
DVLA and MIB have started to link systems to make their softwares more compatible
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Competition from non-insurance firms on the rise
Nearly one-quarter of consumers would consider purchasing insurance from Google or Amazon
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Cost of floods revised upwards to £500m as storms continue
Severe weather warnings issued for this week could drive up estimated costs further
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Average cost of theft claims from construction sites and vans jumps 56% - ECIC
Insurer ECIC is urging construction and tradespeople to step up security to protect their tools
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Non-London markets help Catlin towards 27% profit hike
Rates for the group’s UK motor business continued to improve, contrary to wider market trends
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Barclays Bank investigates data breach
Customers’ insurance policies are among the data sold to brokers for investment scams - according to reports
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Amlin looks at dangers of over-reliance on cat models in new study
Insurance executives are concerned that industry has become too reliant on models, according to reports
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Dan Wilkinson exits RSA
Managing director Hancock will oversee mid-market regions until a long-term replacement is found
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ACE hires new head of client management
Nick Lee will take up the role, having joined ACE in 2010
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Beazley seeing rising cyber insurance demand in UK
Lloyd’s insurer expects 5-10% premium growth in 2014
