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Talking point: unlimited damages for late settlement of claims
The Law Commission's review of insurance contract law has proposed the introduction of unlimited damages for late settlement of claims. But what does the industry think?
Insurer |
10 Apr 2012 
Consultation poses questions over premium liability
A Law Commission review of the rules governing who is liable for the payment of premium to insurers could change the current dynamic between insurers and insurance brokers, according to a law firm.
Insurer |
18 Jan 2012
Law commissions proposals will lead to premium rise, says ABI
The Association of British Insurers fears the law commission proposals on insurance contract law will lead to an increase in premiums.
Insurer |
20 Dec 2011
Law commissions open consultation on late claim payments
The Law Commission of England and Wales, and the Scottish Law Commission have called for improved remedies for late payment of valid insurance claims, suggesting insurers pay legitimate claims in a reasonable amount of time.
Insurer |
20 Dec 2011
Arag markets "first" UK divorce cover
Legal expense insurer Arag is claiming to be the first to launch a UK divorce insurance product.
Insurer |
06 Sep 2011
The insurance business resource library
Insurance Hound
A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis
Commercial insurance reform back on agenda
The Law Commission has turned its attention to reforming commercial insurance pre-contract law after confirming a second consultation paper will be published this winter.
Commercial |
12 Jul 2011
Consumer Insurance Bill hits the Lords next week
The promised Consumer Insurance Bill that will reform disclosure and contract law for personal lines insurance will take its next important legislative step in the Lords next week when the Commercial Secretary to the Treasury, Lord Sassoon, proposes its......
Insurer | 31 May 2011
Bill set to overhaul consumer insurance law
The Consumer Insurance (Disclosure and Representations) Bill, which clarifies the law governing what consumers should tell insurers when they take out a policy, will change the relationship between consumers and insurance providers, in its first shake...
Regulation |
17 May 2011
Government takes forward Consumer Insurance Bill
Financial secretary to the Treasury, Mark Hoban, has announced that having considered the response to the Treasury’s targeted consultation on the Consumer Insurance (Disclosure and Representations) Bill, the government has decided to take forward the...
Insurer |
17 May 2011
Legal update - expert witness: the end of guns for hire?
A recent case has stripped expert witnesses of the immunity they have always enjoyed. Philip Tracey reports on the implications of this significant decision.
Claims |
04 May 2011
European risk and insurance intelligence
Insurance Insight
Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets
Comment - pre-nuptial agreements: breaking the marriage bond
As the world gears up for a Royal wedding, Jonathan West explores the practicalities of what happens when marriages go wrong and whether insurance will soon play its part.
Claims |
27 Apr 2011
Derrick Cole ACII: An obituary
The death is announced of Derrick Cole at the age of 84 after a long career in insurance.
Insurer |
08 Apr 2011
Industry applauds government green light on legal cost reform - Insurance News Now - 31 March 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the industry's response to Ken Clarke's announcement that success fee recoverability in no win, no fee cases is to end.
Insurer |
30 Mar 2011 | 
Law Commission rejects fraud law appeal
The Law Commission has rejected insurance industry proposals to review the law so people who commit third-party insurance fraud lose the right to recover genuine claims, after it was not deemed to have "sufficient support" by the Ministry of Justice.
Claims |
29 Mar 2011
News analysis: alarming revelations for commercial cover
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance 'not fit for purpose' is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note, says John Hurrell...
Commercial |
22 Mar 2011
Comment
Interview
Interview: JLT's Dominic Burke - a thoroughbred performer
Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...
View from the top
View from the top: Airline insurance - the risk remains
Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...
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Events
2012 insurance industry report: The inside track to achieving a more sustainable business
To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.
Work equipment risks in the UK
The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.
Workplace Stress: Under pressure
Post |
22 May 2012
Market moves: Brokers a hive of recruitment activity
Post |
22 May 2012
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
Post |
23 May 2012
World Cup and Olympic fever fuels Brazil's general insurance growth
Post |
23 May 2012
Household to become 'new motor' as insurers warn of price hikes to come
Post |
22 May 2012
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...