Insurance news

• BA ruined our break – but it still won’t pay out!

  24-06-2017 08:00
  
  One family is still £700 out of pocket after the airline’s IT meltdown. But its battle get paid is likely to be typical of many othersA family of six who lost their holiday to Portugal after the British Airways meltdown are still out of pocket, because neither the airline nor their travel insurer will pay out for the villa they were forced to abandon.The family’s fight for compensation is an early indicator of the many more battles ahead for holidaymakers following the IT failu
  
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• Holiday car hire: how to avoid the add-ons that can double your bill

  24-06-2017 07:59
  
  From saying ‘no’ to satnavs and child seats, to checking the vehicle thoroughly, there are ways to avoid unnecessary costs and stressGreece and Portugal are the priciest places to hire a car this summer, while Florida is the cheapest, according to a survey of holiday hotspots. Research also revealed just how much the various add-ons – from child seats and satnavs to the rental firm’s own excess insurance – can add up. It found that in some cases they can easily doub
  
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• Pen launches new construction policy

  24-06-2017 07:14
  
  Pen  launches new construction policy including single policy wording 
  
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• Anthem agrees to largest ever data breach settlement

  24-06-2017 00:46
  Anthem has agreed to a $115mn settlement of a class action
  lawsuit relating to the 2015cyber attack that saw almost 80
  million people have their records stolen from the US health
  insurer.The company had in place a $100mn AIG-led cyber tower at the time
  of the attack, which involved the theft of personal data.
  But as The Insurance Insider reported in the immediate aftermath of Anthem disclosing
  the attack, it was widely expected that the cost of notifying...
  
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• American Club slips to '16 loss but surplus grows in '17

  24-06-2017 00:46
  The American Club swung to a $2mn operating loss in 2016 even as
  total premium climbed 17 percent and investment returns improved,
  the New York-based member of the International Group of protection
  and indemnity (P&I) clubs said today.
  Formally known as the American Steamship Owners Mutual
  Protection & Indemnity Association, the club said 2016 losses
  and other expenses jumped 30 percent to $108.5mn, led by a 43
  percent surge in losses and related expenses to about $70.8mn.
  The increase i
  
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• AF Group hires Halter for program push

  24-06-2017 00:46
  AF Group has hired Eric Halter to lead a new fronting operation
  focusing on the P&C program space.
  AF Group, which is rated A- by AM Best, includes workers
  compensation specialists Accident Fund Insurance Company of
  America, United Heartland, Compwest Insurance and Third Coast
  Underwriters.
  It had operated in the fronting space through its alternative
  markets and multiline division.
  But in an announcement today the company said it was hiring
  Halter as director of AF Specialty, a newly brande
  
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