Lloyd's of London News – Page 114
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Terror risk becoming 'fragmented'
Aon says 'scope and shape' of terror threats are shifting
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Few charities regard claims as a serious threat
Withdrawal of funding is greater threat than claims against charities, report finds
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First three brokers attain CII chartered status
Layton Blackham, Smart & Cook and Stuart Alexander gain accreditation
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Terrorism cover essential - warns NU
As the UK moves to its highest level of terror alert, Norwich Union has underlined the need for businesses to be aware of the need for adequate cover.
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AXA responds to Climate Change Bill
Insurer wants independent climate committee with statutory powers
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Zurich receives over 2,600 flood claims
Loss adjusters flown in from abroad to cope with surge
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Flood frustration For UK businesses over claims settlement
Businesses affected by the UK floods could face months of waiting for their property to dry out before their insurance claims are settled
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Insurancewide warns homeowners to update policy ahead of floods
James Harrison, chief executive of Insurancewide.com, advises potential victims of flood damage to scrutinise and update their home insurance cover and issues tips for protecting homes against severe flood damage. "If you're in danger of being affected by floods in the next few days, check now what kind of damage ...
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Marsh appoints managing consultant to Modelling team
Role to focus on delivering enterprise risk management to international client base
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Insurers play down Bermuda scandal
Corruption allegations will not see insurers flee Bermuda
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Lloyd’s signs five-year risk agreement with Benfield
Contract provides accesss to Benfield's consulting, natural peril and financial modelling expertise
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Anti-social behaviour costing Brits billions in repairs
Anti-social behaviour has cost Brits over a billion pounds ¹ in repairs in the last five years, according to Zurich.The study reveals that more than 30 million ² adults have experienced anti-social behaviour, with nearly one in five (22%) shelling out at least £400 since 2002 to fix vandals’ handiwork.Most ...
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Flooding makes case for more defence cash
Further flooding this week has increased the pressure on the government to increase its spending on flood defences, including dams. On Monday evening, cracks appeared in a dam at the Ulley reservoir near Rotherham. Research by David Crichton, of the Benfield hazard research centre, has revealed that 69% of ...
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Guy Carp in ECF mandate
Guy Carpenter will not work with any managing agent from 2008, that does not process claims electronically.The reinsurance broker, which is part of the Marsh & McLennan Companies, said it intends to mandate the use of Electronic Claims File (ECF) for all in-scope claims in the Lloyd’s markets.This will come ...
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Blair’s funding pledge for flood defences
An additional £600m committed to coastal defences this year
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GAB sets up disaster centre
UK loss adjuster, GAB Robins responds to latest flood damage across the country
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Total smoking ban could bring more risk
The total ban on smoking inside a building could bring increased risk of fire caused by smokers gathering outside, says Norwich Union
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Hiscox buys US insurer
Hiscox has bought American Live Stock Insurance and issued a trading update