David R Bulmer Associates

Not an unexpected trend

CII warns on cost-of-living crisis changing claims expectations | Insurance Intel The cost-of-living crisis is reportedly causing consumers to want their claims paid faster and to feel “more in control” during the claims process, according to findings from the latest Chartered Insurance Institute (CII) Public Trust Index. It is reported that the quarterly index, which gather ...

Nobody likes to see their premiums rising but it is essential to be properly insured and index linked increases to sums insured is one way to help keep pace with inflation.

Why is index linking so important to customers? Authored by Allianz

This is an increasing problem and often the criminals are well organised and brazen in their approach. I've handled claims where men in high viz jackets have been seen by witnesses driving stolen items down the road at the end of a working day and the witnesses assumed that it was quite normal.

Why construction plant theft is still a problem Authored by Allianz

Given the imortance of the Lloyd's and the London Insurance Market this action will certainly have an impact.

Russian aviation and space firms blocked from UK insurance marketplace Official statement from HM Treasury 3 March 2022UK to bring in further sanctions targeted at the provision of insurance and reinsurance services for Russian companiesRussian companies in aviation and space industry prevented from access to UK insurance sectorMeasure will severely limit access to the...

NIG are ahead of the game in applying higher index linked increases to their building insurance policies to counter the rise in the costs of materials and labour. This is something every property owner should take into consideration when renewing their insurances.

Indexation - how it will impact you and your clients Authored by NIG

The effect of the Covid pandemic will be felt for a long time. As an example, I'm seeing clients that are involved in property devlopment suspending projects due to supply chain problems. That is due to both the increased cost and a shortage of raw materials.

Coping with Covid - the outlook for businesses Authored by Allianz

Major changes are coming into force and every road user needs to be aware of them.

New year, new rules for road users Authored by Allianz

An interesting read as Aviva celebrate their 325th anniversary. When I started out some insurance companies gave their agents replicas of their old Fire Marks to display in their offices. In the days when insurance companies had their own fire engines these plaques were used to identify which company insured the buildng.

Peculiar claims, famous firsts and celebrated customers as Aviva celebrates 325 years Authored by Aviva

It is certainly frustrating when insurers appear to drag their feet over a genuine claim but here is an example of the type of thing they have to guard against. The result of fraudulent or exaggerated claims is higher premiums for everyone.

Shopping spree fraudster sentenced for fake travel insurance claim A mother-of-two has been sentenced for attempting to defraud her insurer, AXA, through a fraudulent travel insurance claim worth over £3,000.Chanelle Bell, 28, of Westminster, London, claimed that her luggage had gone missing and a pushchair had been damaged after a cruise from Barbados to Southamp...

I know that everyone loves a good crime story but there is also an underlying message in this very interesting article.

Tales of recent cases of gold theft Authored by AXA XL Underwriting Manager for Fine Art & Specie Des Partridge

Wishing you a merry Christmas and a happy and prosperous new year.

Bonfires, fireworks and the law.

How to keep your private firework display legal Authored by DAS