Claims News
Why Ogden is not over yet
The Ogden discount rate may have been set for the next few years, but that does not mean the changes are over. Insurers are still working out what a negative discount rate means for the industry, and further changes may be appearing on the horizon sooner than many may realise
Claims Consortium Group seals deal for Stream Claims Services
Chief executive Jeremy Hyams said the acquisition will “create a scalable adjusting service”
Zurich Municipal calls for action to tackle lack of school fire protection in England
Five of the biggest fire protection risks include lack of sprinklers, building combustibility and modern construction methods, fire detection, arson, as well as housekeeping and smoking controls
Worcester Park fire reawakens concerns over modern methods of construction
The insurer is working with the Metropolitan Thames Valley Association to ensure residents receive needed support
Insurers on alert after Blenheim Palace £4.8m gold toilet stolen
The theft of the fully functional 18-carat gold toilet could spark a hefty claim
Flood Re welcomes additional government funding for flood defence projects
The government hopes to set out its policies to better prepare the UK for flood and coastal erosion in a government policy statement by the end of 2019
Gefion sues Lloyd’s coverholder
The Danish insurer blames the Lloyd’s broker and a UK claims management firm
Claims costs more than double for van tool theft
The claims cost for theft of tools has surpassed last year’s figure
DAS UK signs deal to cover customers of lettings disruptor
Kennedys hires four partners across professional liability practice
Allianz posts improved fraud savings for H1 2019
Human error accounts for 75% of cyber claims this year
Application fraud dominates as average tops £12,000 per case
UK SMEs shoulder £8.8bn crisis costs, broker finds
FCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Bought by Many to drop industry standard for switching insurers
Motor claims inflation increases by 8% in 2018 with further rises expected
London Bridge terror van insurer not eligible for MIB support
Price comparison cycle service enters market
RAC partners with car insurance broker
Rising household thefts warning to insurers
Legal firm latest to automate claims handling
Woman pays out £10,000 for fundamentally dishonest Ageas claim
Fraudster sentenced after lying about losing partner’s engagement ring
AXA Partners and GoCompare team up on motor proposition
Claims Analysis
Why Ogden is not over yet
The Ogden discount rate may have been set for the next few years, but that does not mean the changes are over. Insurers are still working out what a negative discount rate means for the industry, and further changes may be appearing on the horizon sooner than many may realise
Analysis: The challenges motor (re)insurers face amid Ogden reform
Changes to Ogden every five years, reinsurance price changes and rising cost of care are just some of the challenges post-Ogden change
Insurers back government sprinkler plans, but after Worcester Park fire do they go far enough?
The fire has prompted the question as to whether sprinklers should be made compulsory for all flats, regardless of height
‘The tide has turned’ on fraudsters as the industry reacts to the latest ABI figures
Industry appears mostly encouraged by latest fraud figures, but still see a long journey ahead, while one questioned the return on investment
