Equity expansion still on track despite 185 jobs under threat - Insurance News Now – 28 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including Equity Insurance Group’s insistence that its branch network and plans for regional expansion are safe, despite putting 185 jobs within it’s underwriting and distribution operations at risk.
In other news, the credit hire legal wrangle involving Aston Villa footballer Darren Bent is set to continue after permission to refer the case back to the Court of Appeal was granted; a ban on referral fees would improve the insurance industry's professional standing, according to Allianz claims manager Roy Hebburn; US firm The Hanover Insurance Group remains confident it will succeed in its bid for Chaucer, despite shareholder Pamplona's refusal to sell its stake in the Lloyd's insurer; and Insure the Box founder Mike Brockman has warned curfew-based telematics products for young drivers will not only fail to improve behaviour and accident statistics, but the business model is also flawed.
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