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A massive air and sea search, now in its third day, has failed to find any confirmed trace of Malaysia Airlines flight MH370 or the 239 people aboard.
British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.
British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.
Britain's insurers are preparing to pay out hundreds of millions of pounds in claims following a run of winter storms that have flooded homes and disrupted travel, though the absence of major damage should limit the impact on their 2013 results.
Car insurance in Britain is too expensive because of complexity in the claims process and a lack of incentives to keep costs down, according to the country's competition watchdog.
Car insurance in Britain is too expensive because of complexity in the claims process and a lack of incentives to keep costs down, according to the country's competition watchdog.
The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.
The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.
Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.
Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.
{ "author": { "name": "Chris Vellacott Reuters", "webUrl": "/author/profile/chris-vellacott-reuters/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 17, "social": [], "articles": [ { "uri": "/2014/03/10/allianz-lead-insurer-for-malaysia-airlines-willis/", "title": "Allianz Lead Insurer for Malaysia Airlines; Willis Broker for Hull and Liability", "byline": " Jonathan Gould, Reuters, Chris Vellacott, Reuters ", "kicker": "News", "prettyDate": "March 10, 2014", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/jonathan-gould-reuters-chris-vellacott-reuters/", "name": "Jonathan Gould, Reuters, Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A massive air and sea search, now in its third day, has failed to find any confirmed trace of Malaysia Airlines flight MH370 or the 239 people aboard.", "body": null }, { "uri": "/2014/01/09/insurer-rsa-fires-executives-after-irish-investiga/", "title": "Insurer RSA Fires Executives After Irish Investigation", "byline": " Chris Vellacott, Reuters ", "kicker": "News", "prettyDate": "January 09, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.", "body": null }, { "uri": "/2014/01/09/insurer-rsa-fires-executives-after-irish-investigation/", "title": "Insurer RSA Fires Executives After Irish Investigation", "byline": "Chris Vellacott, Reuters", "kicker": "News", "prettyDate": "January 09, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.", "body": null }, { "uri": "/2014/01/08/insurers-face-hit-from-uk-floods-as-earnings-seaso/", "title": "Insurers Face Hit from UK Floods as Earnings Season Looms", "byline": " Chris Vellacott, Reuters, Costas Pitas, Reuters ", "kicker": "News", "prettyDate": "January 08, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters-costas-pitas-reuters/", "name": "Chris Vellacott, Reuters, Costas Pitas, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Britain's insurers are preparing to pay out hundreds of millions of pounds in claims following a run of winter storms that have flooded homes and disrupted travel, though the absence of major damage should limit the impact on their 2013 results.", "body": null }, { "uri": "/2013/12/17/uk-competition-watchdog-says-motor-insurance-too-e/", "title": "UK Competition Watchdog Says Motor Insurance Too Expensive", "byline": " Chris Vellacott, Reuters, Li-mei Hoang, Reuters ", "kicker": "News", "prettyDate": "December 17, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters-li-mei-hoang-reuters/", "name": "Chris Vellacott, Reuters, Li-mei Hoang, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Car insurance in Britain is too expensive because of complexity in the claims process and a lack of incentives to keep costs down, according to the country's competition watchdog.", "body": null }, { "uri": "/2013/12/17/uk-competition-watchdog-says-motor-insurance-too-expensive/", "title": "UK Competition Watchdog Says Motor Insurance Too Expensive", "byline": "Chris Vellacott, Reuters, Li-mei Hoang, Reuters", "kicker": "News", "prettyDate": "December 17, 2013", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters-li-mei-hoang-reuters/", "name": "Chris Vellacott, Reuters, Li-mei Hoang, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Car insurance in Britain is too expensive because of complexity in the claims process and a lack of incentives to keep costs down, according to the country's competition watchdog.", "body": null }, { "uri": "/2013/12/16/iais-consults-on-new-capital-regime/", "title": "IAIS Consults on New Capital Regime", "byline": "Chris Vellacott, Reuters", "kicker": "News", "prettyDate": "December 16, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.", "body": null }, { "uri": "/2013/12/16/iais-consults-on-new-capital-regime/", "title": "IAIS Consults on New Capital Regime", "byline": " Chris Vellacott, Reuters ", "kicker": "News", "prettyDate": "December 16, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The global insurance watchdog has launched a consultation on how to set up a new system making key firms hold enough capital to avoid a collapse that would pose a risk to the financial system.", "body": null }, { "uri": "/2013/10/29/willis-re-st-jude-storm-uk-insured-loss-may-hit-800m/", "title": "Willis Re: St. Jude Storm UK Insured Loss May Hit $800M", "byline": "Chris Vellacott, Reuters", "kicker": "News", "prettyDate": "October 29, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.", "body": null }, { "uri": "/2013/10/29/willis-re-st-jude-storm-uk-insured-loss-may-hit-80/", "title": "Willis Re: St. Jude Storm UK Insured Loss May Hit $800M", "byline": " Chris Vellacott, Reuters ", "kicker": "News", "prettyDate": "October 29, 2013", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/chris-vellacott-reuters/", "name": "Chris Vellacott, Reuters" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Insurers are set to pay 300-500 million pounds (about US$480-800 million) to cover UK claims related to damage caused by the St Jude's Day storm, Willis Re estimates, keeping profits intact despite the human cost.", "body": null } ] } }
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