News
MYI secures appointment to handle Manchester riot contentious claims
Loss adjuster MYI has been exclusively appointed to handle high-value and contentious claims against the police from the Manchester riots in August.
Hogarth’s Imperial exit sparked by ‘difference of opinion’
A “fundamental difference of opinion” in how Imperial Consultants should be run led to the departure of managing director Ian Hogarth to LAS Claims Management.
IFB seeks to double staff numbers with 25% increase in industry levy
The Insurance Fraud Bureau is to double its staff by increasing its industry funding levy income by 25% to £2.8m.
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.
My best 11 Paul Muir, One Answer Network
One Answer Network managing director, and possible Crystal Palace fan, Paul Muir selects this week’s Best XI for a potential insurance start-up firm. Muir has chosen a blend of underwriters and brokers as well as football icon David Beckham to skipper…
Claims event: PI lawyers unmoved as insurers call for legal claims costs reduction
Personal injury lawyers refused to bend to insurance industry demands for the cost of processing legal claims to be reduced, following the imminent abolition of referral fees, in a heated panel debate.
Claims event: Record unemployment could boost interest in industry
The UK’s record level of unemployment could provide a recruitment opportunity for the insurance claims sector, Aviva technical claims manager Tim Andrews suggested.
Claims event: Seddon: social media use is ‘bonkers’
Using social media in claims handling is “bonkers” and companies risk “shooting themselves in the foot” if they embrace Facebook and Twitter, the insurance industry has been warned.
Claims event: ABI urges ‘shared responsibility’ for flood cover
Homeowners living in high flood risk areas could potentially see their insurance part-covered by government subsidies after the Statement of Principles agreement expires.
Claims event: Straw blasts 'made-up' whiplash injuries
Former Justice Secretary Jack Straw, pictured, has backed Ken Clarke’s proposals to make the payment of referral fees a criminal offence, while also branding whiplash a “made-up injury”.
News analysis: Call for mandatory sprinkler systems reignited by Dunelm Mill fire
On 6 October 2011, local fire fighters lamented the absence of sprinklers in a Dunelm Mill store that suffered a major blaze on the Orchard Retail Park in Willenhall, Coventry.
Broker report reveals Aviva, Chartis and RSA drop in underwriting service
Insurers must do more to boost satisfaction among brokers, according to a Brokerbility survey that suggested Axa is currently the only firm performing above the 80% approval benchmark.
MIB pledges support to police in uninsured drivers sting
Motor Insurance Bureau bosses have praised a Metropolitan Police operation designed to clamp down on uninsured drivers by seizing hundreds of cars in the capital.
Aviva to merge Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting up to 950 jobs over two years.
Jefferies lowers 2011 EPS
Jefferies Equity Research is lowering the 2011 earnings per share (EPS) estimate of Sampo by 17% to reflect the equity impairments of Swedish bank Nordea.
Insurance 2 Go sets £2m turnover target
Online mobile phone insurance specialists Insurance 2 Go plans to make a £2m turnover next year and expand into Europe in the first quarter.
MA Assist launches new claims case management system
Insurance claims and building repair specialist, MA Assist, is set to launch a new claims case management system as part of its plans for future innovation and growth.
Hogarth’s Imperial exit sparked by ‘difference of opinion’ - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the reason behind Imperial Consultants’ Ian Hogarth’s move to LAS Claims Management.
85% of consumers happy to buy home insurance online
According to a survey by independent financial research company Defaqto, 85% of consumers are comfortable with researching and buying home insurance online without professional advice.
Aviva merges Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting as many 950 jobs over two years.
Willis teams with science academy on event management
Global insurance broker Willis and the leaders of the US National Academy of Sciences have pledged to continue to explore activities aimed at increasing the physical and financial resilience of populations to extreme events.
R&Q buys Takaful run-off firm Principle
Run-off specialist Randall & Quilter is to buy Principle Insurance, the UK Takaful motor insurer put into run-off in October 2009, for £4.275m.
Deacon offers managing agents PI cover
Blocks of flats insurance broker Deacon has developed a professional indemnity insurance products for managing agents.
Direct Line leads calls for ban on dangerous motorists
Bosses at Direct Line are calling for “out-of-control” drivers to be banned from the road following a study showing that 43% of UK drivers with 12 points or more have not been disqualified.