RSA to head to High Court – Insurance News Now
Author: Tracey Jones
Source:
Post |
21 Sep 2011 | 
Categories: Insurer | Broker | Regulation | Lloyd's/London | Claims | Commercial | Personal
Tags: Rsa | Insurance news now | Post watch | Underwriting | Wns
Post reporter Callum Brodie outlines this week's major general insurance stories including RSA’s plans to head to the High Court in a bid to defend its policy of using a wholly-owned subsidiary for motor repairs, which has been found to add as much as 25% to bills passed on to rival insurers through subrogation.
The case comes after RSA was forced to defend its policy again in the county court, which ruled last week that repair costs had been bumped up as a result.
In other news, the multi-billion dollar UBS rogue trader scandal has helped spark a rise in the number of underwriters willing to re-enter areas of high volatility exposure, according to a US professional lines expert; WNS Assistance is launching into the property repair space eight months after it vowed to become a top three player in the sector; and Tiger Risk Partners UK, claims to be the first US-owned broker to set up a London office since 2003 - blaming the lack of American interest on the UK's significant barriers to entry.
Keep up to date with all the latest news as it breaks at www.postonline.co.uk.
Tags: Rsa | Insurance news now | Post watch | Underwriting | Wns
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