Credit hire
News review: British insurance staff could lose jobs
Staff at mortgage payment protection insurance provider British Insurance has been put on redundancy notice by the firm's parent company Towergate Insurance.
Fraudulent claim handlers jailed
Two fraudsters responsible for handling ‘thousands’ of fictitious or inflated personal injury and credit hire claims have been sentenced to jail.
Helphire announces profit alongside refinancing
Claims management firm Helphire has reported an operating profit of £3.1m for the six months to 31 December in interim results published today.
CIS calls for Competition Commission action on subrogated claims model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having had a bilateral agreement with the insurer in place since last July
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Drive Assist saga leaves 15% of NAB’s members at risk
The National Association of Bodyshops is threatening legal action against the administrators of Drive Assist, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it went into liquidation.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
Accident Exchange retrial possible in light of "fresh evidence"
Four test cases that found Accident Exchange had charged Axa excessive hire rates could be retried, the Court of Appeal ruled today.
Drive Assist creditors will not get all their money back
A number of creditors of failed credit hire company Drive Assist will not be paid all of what they are owed, said Zolfo Cooper, the firm’s administrators.
Swinton and Esure owed over £1m by Drive Assist
Swinton and Esure are owed more than £1m each by failed credit hire company Drive Assist.
BLD names former Drive Assist supplier management head as CFO
Claims management firm BLD Group has named head of supplier management and claims liaison David Hancox as chief financial officer.
Validus launches anti-fraud software
Validus-IVC has launched its own credit hire anti-fraud software following a two-year trial period with 21 insurance clients.
Markerstudy acquires accident management company
Markerstudy Group has completed a second acquisition in less than a month with the purchase of accident management company Vision Vehicle Solutions.
Post magazine - 20/27 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
CHOs warned to adapt and learn from Drive Assist demise
The collapse of 'insurer-friendly' Drive Assist should serve as a wake-up call to fellow credit hire organisations that have failed to adapt to the challenging conditions of the motor insurance sector, according to market observers.
MP and job centre rally round Drive Assist staff
The sacked employees of credit hirer Drive Assist have found support in the shape of a local MP and the job centre.
CHO welcomes Competition Commission's consumer harm focus
The Credit Hire Organisation has welcomed the Competition Commission's detailed plan of investigation into the motor insurance market.
Competition Commission to investigate credit hire and aggregator markets
The Competition Commission has published its plans to investigate the lack of control involved in the supply of services in private motor insurance, the power of the four main aggregators, and the difficulties customers face when researching and buying…
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Elite Incident Management to be liquidated next year
Motor claims outsourcing company Elite Incident Management is to be liquidated next year, the appointed insolvency practice has confirmed.
Elite Incident Management ceases trading
Credit hirer Elite Incident Management is said to have ceased trading with immediate effect.
Drive Assist 'cash flow problems' prompt administration with loss of 259 jobs
Advisory and restructuring company Zolfo Cooper has confirmed it was appointed administrators of credit hirer Drive Assist last night.
Drive Assist calls in the administrators
Credit hire company Drive Assist has gone into administration.
Competition Commission investigation unlikely to affect motor premiums
The Competition Commission’s investigation into the motor insurance market is likely to do no more than cause reputation damage, Standard & Poor's has predicted.