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.
In other news, Co-operative Insurance has followed Provident in disputing subrogated motor repair costs with RSA; the CII's corporate development leader Alasdair Stewart has stepped down to join Axa's commercial team; Hiscox is on the lookout for new opportunities to build its book by targeting untapped emerging professional indemnity risks; and the Law Commission has rejected calls to review the law so people who commit third-party insurance fraud lose the right to recover genuine claims.
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