Insurer News – Page 355
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News
Zurich’s Lewis: Weather losses not enough to push up rates
But insurers are ‘on the edge of their seats’ as bad weather continues
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Police probe after Aviva claims details stolen by staff
Two former members of staff have been released on bail
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Lancashire’s Brindle upbeat despite 5% profit drop
Specialist insurer’s results hit by lower GWP, investment income and reserve releases
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Zurich UK GI profit jumps 53% thanks to lower weather losses
COR improves by four points to 95.8%
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Fewer catastrophes help Zurich to global COR improvement
UK COR improved by four points to 95.8%
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Admiral extends UK motor reinsurance cover to 2016
New Re to take reduced share of risk from 2015
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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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Online only
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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News
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
