Credit hire
Credit hire GTA set for audit
The technical committee that oversees the general terms of agreement between insurers and credit hire organisations is planning an independent audit of the voluntary protocol.
Claims supplement: The faces of the new revolution
Claims are often said to be the shop window of the insurance industry, but with many firms stuck with legacy issues do new entrants have the greatest advantage when it comes to innovation. Stephanie Denton approached firms across four distinct sectors —…
CRIF launches vehicle credit hire intelligence service
A new service enabling motor insurers to cross check vehicle credit hire periods and reduce claims leakage by identifying fraudulent arrangements has been launched by CRIF Decision Solutions.
Postscript - 10 years ago: Helphire case comes close to end
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
MIB seeks clarification over credit repair
The Motor Insurers' Bureau has written to a number of its members to clarify the increasingly thorny issue of who should pick up the bill for credit repair, when an insurer discovers the other driver is uninsured.
Autofocus decision imminent
Credit hire reporting firm Autofocus is likely to face liquidation following a meeting between creditors and company administrator Harrisons last week.
Helphire eyes new areas after restructure
Helphire is gearing up to enter a period of development, after completing a substantial restructuring of the business.
Fraud Management Briefing news: Fraud victims broken down
Nick Mothershaw, director of fraud and identity solutions of Experian spoke to delegates about how the insurance and credit industries can work together to root out fraud using credit verification processes and checks.
AM Best commentary: Keeping the balls in the air
While hardly a vintage year for the general insurance sector, 2009 did see an overall improvement due to investment earnings - but, says Catherine Thomas this year is unlikely to match up.
AI Claims Solutions revenue up 65%
AI Claims Solutions has reported revenue increased by 65% to £91.9m from £55.7m.
Accident Exchange recovers hire charges
Credit hire organisation Accident Exchange has recovered full hire charges in one of thousands of outstanding court cases concerning allegedly dishonest rate evidence supplied by research firm Autofocus.
View from the top: The buck stops here
The past 18 months have been horrendous for the motor market. Insurers have been ravaged by credit hire, claims farming and fraud, burning more than £1bn of capital as a result.
New members strengthen advisory council
The prospect of problematic personal injury cases being resolved by mediation has been bolstered by the backing of two industry heavyweights. Representatives from insurer Aviva and personal injury solicitors Thompsons are among the latest to join Trust…
Industry called on to agree fraud benchmark
Assessing fraud exposure against competitors is the benchmarking 'holy grail' for insurers but, as yet, no common means for comparison has been found.
Refinancing will see Accident Exchange de-list from LSE
Credit hire operator Accident Exchange is to de-list from the London Stock Exchange after restructuring its credit facility.
Accident Exchange seeks to de-list after restructuring credit facility
Credit hire operator Accident Exchange is to convene a general meeting to propose a resolution to approve the cancellation of admission of the ordinary shares to trading on the London Stock Exchange.
Autofocus snapped up days after going into administration
SG Consultancy has today announced the purchase of spot hire rate evidence providers Autofocus, following the company entering into administration.
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Autofocus seeks bidders
The administrators of credit hire reporting firm Autofocus have published a marketing document to attract buyers to the company.
CHO Helphire boss Richard Rose hails "significant" turnaround
Credit hire firm Helphire today said it expects its results for the year ended 30 June 2010 to show a strong recovery in performance as a result of the plan and to be in line with expectations.
Autofocus enters administration
Credit hire reporting company Autofocus has entered administration.
AI Claims to beat forecast
Credit hire operator AI Claims Solutions said it expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010, to beat market forecasts.
AI expects to beat forecast with results
Credit hire operator AI Claims Solutions today said it expects turnover, profit before tax and earning per share for the financial year ending 30 June 2010, to be ahead of market forecasts.
Credit hire: Stuck on you
After Axa spurned the Association of British Insurers' general terms of agreement, many thought other motor insurers would follow suit. Rachel Gordon examines why a mass exodus has not occurred.