News
Philippines considers mandatory earthquake cover
Lawmakers in the Philippines are considering a bill to recommend mandatory earthquake insurance.
Axa partners with SingPost
Axa has entered into a partnership with SingaporePost to sell life insurance products in Singapore from January 2015.
SGI Legal gains ABS licence
Liverpool-based personal injury firm SGI Legal has been granted an alternative-business-structure licence, as part of its plan to reshape operations.
Fraud unit defends insurers following whiplash report
Hill Dickinson Fraud Unit has defended insurers following the publication of the Transport Select Committee’s whiplash report saying it is unfair to criticise them for paying potentially fraudulent claims due to a lack of medical evidence.
Coverbox claims pay-as-you-drive user first
Coverbox Drive Style customers are the first drivers in the UK to able to find out the cost of their car insurance as it happens, the company claimed today.
DWF calls for single ministerial lead to help tackle fraud
Law firm DWF has called for the appointment of a single ministerial lead within the government to help co-ordinate a holistic response to motor fraud.
Home Secretary mandates private investigators licence
Home Secretary Theresa May has vowed to outlaw unlicensed private investigators following allegations that rogue private investigators have been operating in the commercial arena for years.
Insurers welcome TSC report but rue small claims decision
LV managing director John O’Roarke has described the Transport Select Committee’s decision not to recommend extending the small claims court limit as “disappointing”.
One Answer Brokerdrive appoints Tony Proverbs to board
Tony Proverbs has been appointed non-executive director of One Answer Brokerdrive.
Towergate expands in Yorkshire with Elliis Bates acquisiton
Towergate today unveiled the acquisition of Ellis Bates Insurance Brokers and the crane hire portfolio of Senior Wright Insurance Services.
AJG posts rise in profit to $93.5m
Broker Arthur J Gallagher reported a group increase in profits to $93.5m [£61.4m] for the second quarter of 2013, from $71.7m in the same period of 2013. Adjusted total revenues for AJG’s brokerage segment were up 16%, base organic commission and fee…
Storm surge losses likely to be higher than wind losses in US
There is a 20% chance that storm surge losses will be greater than wind losses for any US hurricane that makes landfall, catastrophe modelling firm RMS has said.
Storm surge losses likely to be higher than wind losses in US
There is a 20% chance that storm surge losses will be greater than wind losses for any US hurricane that makes landfall, catastrophe modelling firm RMS has said.
Small claims track decision disappoints LMA
Lloyd’s Market Association is disappointed the Transport Select Committee has recommended keeping whiplash claims out of the small claims track.
Bluefin hires client services director from Jelf
Andy Purnell has been hired by Bluefin Insurance as a client services director in its Bristol office.
Outsourcing NHS services may leave negligence claims cover black hole
Politicians concerned over sufficient insurance indemnity
Mesothelioma proposals face firing squad while barely out of blocks
Gateway will bring meso claims in line with Jackson reforms.
Competition prompts declining rates across most classes in Q2
Insurance rates in most major regions declined modestly in the second quarter of 2013, while rates in the US rose moderately, according to Marsh’s latest Global Insurance Market Quarterly Briefing.
Insurance Europe calls for global approach to tax evasion
Insurance Europe has welcomed efforts by the Organisation for Economic Co-Operation and Development to develop a global standardised solution for tax information exchange.
Rates decline seen across most regions in Q2 says Marsh
The second quarter of 2013 saw a decline in Marsh’s Risk Management Global Insurance Index for the first time since its inception six quarters ago.
Insurers insist they have nothing to hide after ‘self serving’ legal campaign
Law Society says claimants accepting early offers are being ‘mugged’.
AA boss pleased with TSC recognition of 'quick buck' culture
AA Insurance director Simon Douglas has praised Transport Select Committee members for recognising the “delicate balance” between legitimate and dishonest claimants.
Ten insurers face civil action over rogue private investigators
Ten insurance businesses are on a list of 102 firms investigated by the Serious Organised Crime Agency for using rogue private investigators.
TSC’s ideas would strengthen medical reporting, says Premex
The Transport Select Committee’s whiplash report contains ideas which would make the medical reporting process more robust to the benefit of claimants and defendants, according to Premex Services.