Consumer insurance reforms will make it harder to turn down claims - Insurance News Now – 19 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how, according to MP Jonathan Evans, the first changes to consumer insurance legislation in more than a century will prevent insurers from “hiding behind” unrelated errors to avoid paying claims.
Mr Evans was responding to the announcement on Tuesday that the government plans to take forward proposed reforms to the Consumer Insurance (Disclosure and Representations) Bill.
In other news; Mitsui Sumitomo is poised to open its doors in Birmingham as part of its regional mid-market push; RSA's marine director Richard Turner has said the insurer's acquisition of niche marine broker Noble Marine is part of a broader plan to dominate the UK marine market; Allianz is on track to identify £50m of insurance fraud in 2011, according to UK chief executive Andrew Torrance; and finally, Aviva is gearing up to challenge multi-brand motor insurance giants Royal Bank of Scotland Insurance and Admiral on the aggregators with the launch of a new internet-only brand.
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