Motor
Credit hire claim reduced by £20 000 as case is re-heard
The credit hire claim of Premier League footballer Darren Bent has been reduced by £20 000 after a court case involving Allianz and Accident Exchange was re-heard at Cambridge County Court.
PM warns"damaging" EU regulation could unfairly hit female drivers
The impact of the upcoming European Union gender eqality directive on female drivers' insurance premiums was raised today in Parliament during Prime Minister's Questions.
RSA embroiled in legal row over ‘new credit hire’ – Insurance News Now – 17 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including how RSA has become embroiled in a legal spat with Provident over subrogated motor repair costs.
Court rules on Bent credit hire re-trial
Cambridge County Court has ruled that the £63 000 in credit hire fees claimed by Darren Bent following a road traffic accident could have been at least £20 000 lower if the Premier League footballer shopped around.
Carole Nash recruits new operations director
Motorcycle insurance specialist Carole Nash has appointed Dave Cullen as its new operations and sales director.
Crash for cash at record high
New research from LV has revealed that staged car accidents are at a record high with over one in 20 (5%) of respondents believed to have been a victim of a crash for cash staged accident in the past two years.
Financial ombudsman reveals sharp rise in PPI complaints
The Financial Ombudsman Service has revealed that payment protection insurance complaints rose to 24 955 for the period October to December 2010, up 17% from the previous three months.
Hastings first to pilot replacement scheme
Hastings is the first insurer to pilot lifestyle management and concierge company Red Onyx's new replacement vehicle scheme for total loss claims.
Post Intelligence Benchmarking: How do insurers measure up in the high net worth market
High net worth clients demand a high standard of service, as do their brokers, but which insurers are delivering it? Peter Joy unveils the answer.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
Postbox: Policy cancellation not fair on drivers
Mike Eve makes some interesting points regarding uninsured driving and, unfortunately, he is correct that fines for uninsured driving, and most other offences for that matter, are governed by the financial status of the offender.
Insurer refuses to accept ABI's 'nightmare' gender ruling guidance
One of the UK's largest specialist female insurers has scoffed at the Association of British Insurers' suggestion that it could potentially have to re-underwrite its whole book following the European Court of Justice's gender verdict due on 1 March.
Postbox: Fines are just one tool for CIE
I note with interest Mike Eve's letter in Post referring to the level of penalty under the Continuous Insurance Enforcement process being "far too low"
Motor and home claim costs reach £1.4bn after freeze
Total costs for motor and home claims reached £1.4bn between during 24 November to 31 December 2010, as the big freeze swept across the UK, figures released by the Association of British Insurers have revealed.
Mobile technology - Brokers: How can technology benefit the way brokers do business
With more advanced smartphones and tablet computers, Rachel Gordon asks if mobile technology is merely the latest passing fad, or the shape of the future for the broking community.
Zurich seeks to reduce fleet claims through deal
Global driver-safety firm Greenroad has signed a deal with Zurich fleet client Iron Mountain to roll out its service across the UK.
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
Recession causes decrease in car sales in European countries
New research from Finaccord, a market research consultancy specialising in financial services, casts light on dynamics in the market for automotive finance and leasing for consumers in Europe.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
ABI warns members to prepare for EU gender ruling
In a letter sent by the Association of British Insurers to board members, acting director general Maggie Craig, has advised members to make the necessary preparations for a judgment by the European Court of Justice that as a general principle differences…
AVCIS reaches £4m recovery milestone with South African haul
Following the recovery of 18 high-value stolen vehicles from South Africa, the UK’s vehicle crime unit has announced that it has recovered vehicles valued in excess of £4 million during the past four months.
New partners join DWF’s insurance team
DWF has appointed two new partners, Ashley Mahon and Joseph Arazi, to its insurance team.
Triumph stays with Equity Direct
Following a tender process Equity Direct Broking Limited said it has retained its affinity partnership with Triumph Motorcycles.