Risky business

Article Abstract:

The challenges facing personal injury compensation firm Claims Direct are discussed. It has been the subject of negative publicity, and this prompted it to invest heavily in advertising. However, this damaged the company's gross margins and has not been very successful in attracting new business.

Management, Claims Direct

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Lloyd's is braced for claims bill of billions

Article Abstract:

There will be huge financial costs as a result of the terrorist attacks on the World Trade Centre and the Pentagon. Some analysts believe that the total cost of claims will be around 28 billion pounds sterling, with claims on life assurance policies representing the largest proportion.

International Affairs, Intnl Terrorist Actions, International offenses

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Insurance industry faces root-and-branch shake-up after disaster in Manhattan

Article Abstract:

The terrorist attacks in the US will have a permanent impact on the insurance sector. It is likely that insurers will have sufficient reserves to deal with the anticipated influx of claims, but some observers are raising questions about the sector's basic principles and practices.

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