Endsleigh faces High Court onslaught over claims costs - Insurance News Now – 12 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the potential £30m High Court battle facing Endsleigh following its alleged failure to provide “technically accurate” claims handling for Southern Rock and Markerstudy.
Post has learnt proceedings against the Zurich-owned broker are set to begin next month.
In other news, the development of a general commercial retail broking operation in the UK will play a major role in Hyperion Group becoming a two hundred million pound business by 2014; risk management specialist Crisis Survivor has entered liquidation four years after its launch, claiming the insurance industry has failed to recognise its value; and Allianz Retail has unveiled a new strategy that it ultimately hopes will lead to more cross-selling among its personal lines brokers.
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