Claims
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Senior claims trio leaves Axa
Three directors from Axa Personal Lines claims division including managing director Tony Peppard have stepped down from their roles.
Claims solution targets London market
IT provider Scyllogis Consulting has formed a partnership with Fineos Corporation to support the integration and implementation of new automated claims related software aimed at the London market.
Kwik-Fit appoints head of compliance and risk
The former director for the Bank of Ireland and Clydesdale Bank Ricky McCracken has been appointed to new head of compliance and risk for Kwik-Fit Financial Services.
Axa bans referral fees
Axa said that it will no longer accept referral fees from personal injury lawyers and has called for whiplash injury reform to eliminate fraud within the industry.
Helphire issues profit warning after revealing £29m accounting error
Credit hire firm Helphire has issued a profits warning after revealing a financial overstatement of £29m relating to credit hire and repair.
Young drivers face 50% rise in motor premiums
Young drivers face increases of at least 50% in the cost of their motor insurance over the next couple of years, according to Mazars.
US tornadoes cost Hiscox £35m
Hiscox has estimated net claims arising from the April and May tornadoes in the US to be approximately £35m based on insured market losses of $15bn-$25bn.
Zenith, Allianz and Aviva confirm Hastings Direct panel
Zenith, Allianz and Aviva have all confirmed they will be joining the Hastings Direct panel of insurers this year, stating it is a “popular way to buy insurance products”.
Government puts speed cameras under spotlight
The numbers of accidents and casualties at speed camera sites both before and after the cameras were installed is to be published by local authorities.
Pay tops £1k per day for Solvency II actuaries
Actuaries working on Solvency II projects are commanding wages of more than £1000 per day as insurers rush to become compliant with the new rules.
Pay tops £1k per day for Solvency II actuaries
Actuaries working on Solvency II projects are commanding wages of more than £1000 per day as insurers rush to become compliant with the new rules.
Endsleigh warns leisure trusts to check their policies
Endsleigh has warned leisure trusts could be liable should a customer injure themselves on a piece of faulty gym equipment.
Aviva sells RAC to Carlyle Group for £1bn
Aviva has announced plans to sell The RAC to Carlyle Group for £1bn.
Legal update - Medical advances: The cost of breakthroughs
Medical breakthroughs give new hope to people who have been paralysed or had amputations as a result of accidents, but will these advances add to the already burgeoning costs of personal injury? Tim Brentnall warns that legal implications could prove…
Broker Assistance wins motor claims management deal
Alan & Thomas Insurance Group has appointed Broker Assistance to manage the claims for its entire motor portfolio.
Legal update - Occupational disease: Networking issues
With occupational disease claims hitting the headlines in recent months, as the Supreme Court seeks to resolve disputes, Ben FitzHugh comments on how the industry can make best use of social networking sites when defending such claims.
Duty of care ruling overturned by appeals court
Surveyors and their insurers can "breathe a huge sigh of relief" according to lawyers, after the appeal court limited the duty of care owed to buy-to-let property investors.
Solicitors' professional indemnity: Turning off the life support
Potential sweeping changes to the solicitors' professional indemnity market could see the controversial assigned risks pool scrapped. Jakki May investigates the effect on qualifying insurers hoping to turn a profit.
Autoglass moots layoffs as NW looks to recruit
National Windscreens has pledged to embark on a recruitment drive as its rival Autoglass confirmed it has entered a 30-day consultation with staff over potential redundancies.
Appreciation for Avery as whiplash work recognised
Thatcham's crash & safety manager Matthew Avery has been honoured with an award from a US-based vehicle safety organisation.
Phase two of Jackson needed claims law firm
The government has "stuck to its guns" with primary legislation needed to introduce the core principles of Lord Justice Jackson's review into civil litigation costs.
SRA to stick to timetable despite licence concerns
The Solicitors Regulation Authority has pledged to stick to its timeframe for introducing licences for alternative business structures, despite concerns that the new set of regulations will not be ready in time.
ABI conference: Financial support promised for all 'worthwhile' flood defence schemes
Environment Minister Richard Benyon has promised that “every worthwhile” flood defence project will obtain some degree of financial support under the government’s new partnership funding scheme, and confirmed he will look into whether the government’s…