Opinion
Motor Claims 2010: All change for motor
The UK motor claims sector is going through a period of rapid change, with the impending introduction of the Ministry of Justice reforms very high on the industry's agenda.
Postbox : Claims process still needs streamlining
While putting a 'disaster plan' in place ('History in the remaking') is prudent method of minimising risks to a historically sensitive building, sadly it may not stop the full insurance claims process being drawn out over many months.
View from the top: Value of human capital
Despite signs of rates hardening in some lines of business, plenty of capacity coupled with the wider economic situation are driving the extremely competitive pricing we are seeing today.
5 Years ago: Passive smoking implications
Two passive smoking litigation test cases that could have "massive implications" for insurers are set to be heard in May.
20 Years ago: Eagle Star to be boycotted
Eagle Star will be boycotted by the 700 members of the Institute of Insurance Brokers if it does not agree to stop undercutting brokers through its direct underwriting arm. IIB director general Andrew Paddick is writing this week to all members to inform…
30 Years ago: Cost of fire damage hits £1m a day in Great Britain
The estimated cost of fire damage in Great Britain (England, Scotland and Wales) in 1979 was £355.3m, representing an increase of about 15% over the 1978 figure (£309.3m) and averaging close on £1m a day throughout the year.
Penny black's insurance week
And so another member of the dwindling ranks of the NIG class of 2006 management team bails out, leaving only one Peter Johnson working within the Royal Bank of Scotland's insurance division. Penny wonders what will be awaiting him when, indeed if, he…
The science behind VSA needs to be proven
I read the article Fraud — Voice Stress Analysis with some interest and congratulate you on a balanced piece of reporting.
Editor's comment: Sants - is he quackers to give up FSA position?
A headline screaming "lame duck" and "Financial Services Authority" was put up on the Post website on Tuesday following the resignation of the regulator's chief executive Hector Sants.
Capital reserve rethink on industry agenda
The demand of Solvency II for companies to hold greater capital reserves will apply to some, though not all, in the industry, leaving many to consider the new requirements very carefully, writes Henry Keeling
Penny black's insurance week
Penny was intrigued to discover the lengths to which people will go for insurance at Hiscox. On a recent visit to the insurer's City office, a chat with two underwriters uncovered some unusual clients on Hiscox's books — among them a balloon artist, and…
Postbox: No standard LEI outside the UK
Paul Asplin, chief executive officer of DAS Group makes some pertinent points in his recent letter ('European legal insurance model can work in UK', www.postonline.co.uk/1587832) but they may give the impression that there is a standard legal expenses…
View from the Top: The money-go-round
I've had a go, on the back of a large envelope, at breaking down where the money goes that Mr Customer spends on his motor insurance. Just what happens to a typical £400 premium?
5 Years ago: £40m makes Highway attractive
Highway Insurance could become a more attractive takeover target following revelations it has almost £40m locked away in excess reserves.
20 Years ago: Lockerbie boost for relatives
Lockerbie relatives seeking damages from Pan Am received a boost to their cause in a US federal court last week, when a judge ruled that punitive damages could be sought under the Warsaw Convention.
30 Years Ago: Olympic threat is scrutinised
Decisions over the Moscow Olympics are being closely watched at Lloyd's, which is now understood to have a $40m (£34.8m) to $45m risk exposure on it for the National Broadcasting Company in the US.
Penny black's insurance week
Penny was troubled to learn Davies' new head of claims operations Jim Pittman has suffered an unfortunate setback following a recent foray into the world of martial arts.
Postbox: Time to bridge the divide
In response to Phil Bird's article ('Time for change?',www.postonline.co.uk/1567561) published in the 31 December/7 January issue, I wholeheartedly agree with his observations. And, coming from an insurance company background — with the added advantage…
View from the Top: Let's fix broken motor
Media headlines highlighting the troubled state of the UK's private motor market have become commonplace. Independent analysts EMB recently predicted the market is losing £120 for every £100 premium written.
5 Years Ago: Helphire to offer luxury replacements
Credit hire and accident management firm Helphire is hoping to raise its profile in the high-net-worth market by offering luxury vehicles through its replacement service.
20 Years Ago: Union warns over foreign vulnerability
anufacturing Science Finance, the financial services union, said UK insurance companies are vulnerable to foreign takeovers and the government is doing nothing to guard against this