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Towers Watson criticises motor insurance report

Towers Watson has criticised the House of Commons’ transport select committee report into the cost of motor insurance for falling short of endorsing the recommendations in Lord Justice Jackson’s review of civil litigation costs.

Dedicated insurance police force mooted

The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.

Postbox: Are the dog days over?

Forty to 50 years ago, the London insurance market claimed it would offer cover for any legitimate risk and, as a young broker, I never imagined I would one day be frustrated by the failure to quote for a simple risk.

Chartis web app launches

Chartis has launched a web app for two of its SME products, so brokers can obtain speculative or last-minute quotes while on the move.

LMIE aims for slice of mid-corp market

Liberty Mutual insurance Europe is targeting rivals Ace and Chubb for a larger slice of the mid-corporate market - a sector it believes will act as a “springboard” into the wider UK market.

EC plans to standardise tax

The European Council’s proposals to standardise taxes across member states could mean fewer insurance companies look to redomicile to countries such as Ireland.

Aon hires staff after defection

Aon has made of raft of senior hires to its UK professions team, after several members of its previous team defected to rival broker Jardine Lloyd Thompson last year.

Editor’s comment: two new faces to watch

With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.

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