Jim Flannery, Author at Balcombes Insurance Claims Management

15th January 2021

FCA Test Case Decided

by Jim Flannery in Uncategorised

Breaking news – the FCA test case on Covid19 Business Interruption claims has been decided in favour of the Policyholders and against Insurers where the infectious disease or denial of access wording is present. The Supreme Court Judgement also ruled that the “trends clause” could not be used against policyholders, where the only negative trend […]

23rd December 2020

Christmas Arrangements & Charity Donations

by Jim Flannery in Uncategorised

Charity 2020 has been a difficult year for many. To celebrate the hard work and resilience of our team this year, Balcombes asked staff to nominate their special charity and we have selected 4 deserving charities to support this year: Aoibheann’s Pink Tie Make a Wish Autism Assistance Dogs Cara Rescue Dogs We have been […]

7th December 2020

Silly Season and Insurance

Christmas madness It’s usually the silly season in Insurance once we get to December. Normally, staff are attending Christmas parties, office get-togethers, boozy lunches and social nights out. The younger ones do the 12 pubs, secret Santa draws, Christmas jumpers etc. Staff however do their best to settle as many claims as possible before the Christmas […]

17th September 2020

Business Interruption Claims & Covid19

by Jim Flannery in Business Interruption Insurance Claims, Expert Advice in Insurance Claims, Uncategorised

Initial Reactions The arrival of Covid19 in Ireland and the lockdown of businesses etc caused mayhem for many companies and their employees. Many in the Insurance Industry had to take a detailed look at the Business Interruption policy wordings, to decipher whether the policy should respond to cover the loss or not. We ourselves examined […]

19th April 2020

Trust in the Insurance Industry

by Jim Flannery in Business Interruption Insurance Claims, Insurance Claims News, Uncategorised

Trust in the Insurance Industry I have worked in the Insurance Industry since November 1980, so it will be coming up on 40 years later this year. I don’t know where those 40 years have gone. I am aware that trust in financial services generally is low in Ireland. Despite the introduction of the first […]

23rd March 2020

Covid-19 versus Insurers response

by Jim Flannery in Business Interruption Insurance Claims, Expert Advice in Insurance Claims, Insurance Claims Tips / Procedures, Uncategorised

We are in the front-line of dealing with enquiries from business owners in relation to whether their business interruption cover will pay for any loss of profit as a result of closure due to Covid-19. Business interruption cover At this stage we have examined many commercial policy wordings and most of them require that in […]

16th March 2020

Covid-19 and Insurance Claims

by Jim Flannery in Business Interruption Insurance Claims, Expert Advice in Insurance Claims, Insurance Claims News, Insurance Claims Tips / Procedures, Property Damage Insurance Claims, Uncategorised

No ordinary Status Red Alert In 2018 we had the Beast from the East – a severe weather event that brought the country to its knees for about a week in March 2018 as heavy snowfalls and temperatures as low as -14C engulfed the country. There were shortages of bread. Schools and businesses closed as […]

3rd January 2020

Good News for the Consumer

by Jim Flannery in Burst Pipe Insurance Claims, Business Interruption Insurance Claims, Expert Advice in Insurance Claims, Fire Damage Insurance Claims, Flood / Water Damage Insurance Claims, Insurance Claims News, Insurance Claims Tips / Procedures, Property Damage Insurance Claims, Storm Damage Insurance Claims

“If Insurance is defined as a risk transfer mechanism, then Loss Assessing could be defined as a loss transfer mechanism.” Jim Flannery, ACII, Director, Balcombes Claims Management Risk Transfer The concept of risk transfer in insurance is a long established one. The premiums of the many pay for the losses of the few. In other […]

18th December 2019

The 12 Claims of Christmas

by Jim Flannery in Insurance Claims News, Insurance Claims Tips / Procedures, Property Damage Insurance Claims

The most common claims we encounter at Christmas time Christmas tree goes on fire Candle fire Business premises goes on fire Business Interruption Fairy lights go on fire Burst pipe due to freeze up Storm damage Central heating pipe leak Impact damage Chimney fire Electrical appliance fire Break-in/Theft Whatever happens, Balcombes are there to help […]

11th October 2019

Balcombes 20:20 Vision

by Jim Flannery in Business Interruption Insurance Claims, Expert Advice in Insurance Claims, Fire Damage Insurance Claims, Insurance Claims News, Insurance Claims Tips / Procedures, Property Damage Insurance Claims

Property Damage & Business Interruption In today’s world, the increased level of consumer protection and written communication should have contributed to a better experience for the customer. However the opposite is true. Instead people can feel bombarded by copious paperwork and correspondence. Nobody likes to read the small print and most people hate automated telephone […]

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