Lloyd’s to Restructure Claims Management Procedures

Wednesday, October 20th, 2010 Liability Property

Tom Bolt, Lloyd’s Underwriting Performance Director, outlined plans in a speech last week to reorganize Lloyd’s claims handling procedures. He received immediate, and no doubt expected, support from Lloyd’s CEO Richard Ward. In an open letter to "all Managing Agents," Ward described the "Claims Vision" project, which will take 3 to 5 years to achieve...

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