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Post Magazine - 16 June 2011
The latest issue of Post Magazine is now available to subscribers as a digital and interactive e-book.
Generali Espana gets 'AA-' rating
Spanish insurer Generali Espana has been assigned an insurer financial strength rating of 'AA-', with stable outlook by Fitch Ratings.
Generali Espana gets 'AA-' rating
Spanish insurer Generali Espana has been assigned an insurer financial strength rating of 'AA-', with stable outlook by Fitch Ratings.
FSA refuses to back down over FSCS review timing
The Financial Services Authority has refused to commit to an April 2012 deadline for a review of the Financial Services Compensation Scheme, as it would be "counterproductive" to consult when changes to European insurance legislation are ongoing.
Loss adjuster launch by ex-SLS managers
Two former managers at Crawford & Company's specialist liability arm SLS are set to launch their own loss adjusting and claims handling service.
Legal Update - Potholes: A hole in the argument
With Lambeth Council's redefinition of potholes, classifying them as shallower in nature, Hazel James warns of consequences that could occur following judgment in Wilkinson v City of York Council.
Aviva heads back into telematics for fleet customers
Aviva is targeting 20% of its haulage and goods-carrying motor account as it re-enters the telematics market, seven years after its first attempt to launch the technology in the personal lines arena.
View from the Top: Clarity and consistency
Since its publication in March, the Mactavish report has attracted significant interest and was a frequent topic of conversation at last week's Association of Insurance & Risk Managers' conference. It produced some dramatic headlines with the contention…
BLM converts to LDP model as Kinley made equity partner
Berrymans Lace Mawer's head of policy development, Alistair Kinley, has become the first non-lawyer to join the firm's equity partnership as it converts to a legal disciplinary practice. The LDP is the first new type of practice permitted by the Legal…
Rehabilitation: Fast-track frustrations
The potential increase in the fast-track claims limit presents both opportunities and challenges for the personal injury industry. Andrew Pemberton examines potential unwanted developments and implications for claimants, insurers and claimant solicitors.
Motor Focus - Fraud Unit: Opening Pandora's box
On the face of it, the suggestion of a police force funded by the industry to help fight fraud seems reasonable. However, Robin Reames examines if going down this path is really the right way forward.
Spotlight on Reputation: Making progress over trust
In 2009, the Chartered Insurance Institute published its Future of Trust in Financial Services research, which revealed some key concerns for the insurance industry. Two years on, CII faculty members reflect on the progress made.
FCIM appoints Auto Windscreens as sole supplier
Online motor intermediary First Central Insurance Management has appointed Auto Windscreens as its sole supplier, three months after the glazing repair firm was bought out of administration.
Spotlight on Reputation: Putting the wheels in motion
While the Retail Distribution Review does not cover general insurance brokers, Jane Bernstein discovers that this sector is already putting in place efforts to raise professional standards.
Ten years on, liquidator admits there was an Indy rescue plan
The joint provisional liquidator of Independent Insurance Dan Schwarzmann has said Pricewaterhouse Coopers is hopeful that a scheme of arrangement can be agreed by the end of the year, a decade after he was first appointed to the beleaguered insurance…
MA Assist seals Plus One repair contract
Insurance repair specialist MA Assist has signed an exclusive deal to provide building repair and validation services for Plus One Services.
Motor Focus - Premium Challenges: Mauled by the media
After being pounded by the press for putting premiums up, Leigh Jackson looks at the future of motor insurance and asks whether policyholders could do more to help themselves.
Lamp lines up ABS targets as Thai operation opens
Gibraltar-based legal expenses and private medical insurer Lamp is targeting $500m (£305m) premium in the first two years of its new Thailand operation.
Ten years on, liquidator reflects on Indy failure - Insurance News Now - 16 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how ten years on from Independent Insurance going into liquidation, PwC's Dan Schwarzmann is hopeful a scheme of arrangement being agreed by the end of the year.
Markerstudy acquires repair firm
Markerstudy Group has completed the acquisition of Tonbridge Coachworks Vehicle Repair Group
Belfor rebrands residential business
Global restoration company Belfor plans to rebrand its residential business in the UK as 3R Restoration.
Belfor rebrands residential business
Global restoration company Belfor plans to rebrand its residential business in the UK as 3R Restoration.
Brokers call for harsher fraud deterrent
A large number of brokers believe there should be higher penalties for insurance fraud and a central database of fraudsters to help deter fraud, according to a new survey.