No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book’s profile.
In other news, insurer losses from this New Zealand earthquake are set to surpass those suffered in September; LV's John O'Roarke has said that the task of turning around the business is "90% completed", as the company revealed its 2010 results; Groupama's chief executive has urged insurers to heed the big freeze wake-up call; and commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region, according to Wayne Jones, a partner in Clyde & Co's Middle East insurance team.
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