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Claims News
FCA steps up oversight of CMCs
CMCs will be regulated by the FCA from the start of next month
Fraudulent claims increase by 27% in 2018
According to Cifas, household and motor claims saw the largest increases
Sedgwick sees increased cyber activity as it announces fraud savings
Sedgwick saved a total of £47m when dealing with its clients’ claims last year
Brexit and advancing technology inflating claims cost already
Allianz head of claims Graham Gibson also says smaller repair shops may have to succumb to consolidation to survive
Government sets deadline for decision on Ogden change
The government is starting a review of the discount rate today
Reinsurer revealed as cover provider for Boeing and Ethiopian Airlines
The reinsurer provided airline manufacturer liability cover for Boeing and was a co-insurer with Ethiopian Airlines
Ageas confirms closure of Port Solent and Stoke centres
But Ageas has revealed it successfully relocated 80% of staff in Port Solent to another office in Eastleigh
Driver distraction increases on the road again
Survey shows over 80% of drivers admit to eating, drinking and daydreaming while on UK roads
Chubb and Covéa reach for the stars in the Five-Star Personal Lines survey
Exclusive: SchemeServe testing new claims tool to help insurers 'give the service they advertise'
Dixons Carphone fined £29m for mis-selling Aviva-backed insurance product
AJ Gallagher accuses David Ross of ‘seeking revenge’ during poaching trial
One day left to enter the Insurance Times Claims Excellence Awards 2019
Sedgwick continues speciality expansion with entertainment acquisition
Dual pricing frustration breeds opportunistic fraud - experts
MA Group expands skill set to fire and flood with acquisition
Exclusive: 360Globalnet launches personal injury proposition
Direct Line profit falls amid rising claims costs
NIG to extend stock cover post-Brexit
Insurer wins divisive unnamed driver Supreme Court ruling
Flybmi collapse causes 36% uplift in calls - AXA
Insurers express frustration at IFED scale back
Exclusive: IFED confirms 'scale back' as it comes to terms with referral demand
IFED 'struggling with volume of referrals' - sources
Admiral chief exec calls out “unfair” IPT for younger drivers
Claims Analysis
Could a bad Brexit spike business claims?
The ABI warned that failure to agree a deal would only add further uncertainty to both the insurance industry and its customers
Will the Civil Liability Act succeed where others have failed?
Insurers and brokers should expect a big surge in claims ahead of the latest round of whiplash reforms and, once the new portal comes into place, prognosis shift and an attempt by CMCs to reposition themselves
Case study: Insuring and repairing a 17th Century house after near-total devastation
Cholderton House was built shortly after the Great Fire of London, but tragedy struck in 2012. With the help of Ecclesiastical, the Wessex manor house has returned to its former glory
Open insurance – the new concept that could better manage data
Insurers accrue large amounts of data and are always looking at cheaper ways to sort and store it such as blockchain, but sharing data could turn traditional methods on its head for the industry as well as presenting opportunities for collaboration
