News
Claims Event news: Icelandic volcano highlights industry's shortcomings on media handling
The insurance industry must take firmer steps to generate positive press around its handling of crises that generate high volumes of claims, according to a media consultant.
MIB seeks clarification over credit repair
The Motor Insurers' Bureau has written to a number of its members to clarify the increasingly thorny issue of who should pick up the bill for credit repair, when an insurer discovers the other driver is uninsured.
NIG's Timberlake moves on to QBE after a year
NIG's northern manager is to step down at the end of the month, a year after taking the role.
Claims Event news: Ever-changing tide of regulation could leave some firms exposed
"They say it is only when the tide goes out that you know who has been swimming without their trunks on", said Ant Gould, chairman of the Claims Club, as he welcomed more than 200 movers and shakers from the claims industry.
Claims Event news: Majority wants MoJ RTA portal limit extended to £25 000
Some 60% of delegates at the Claims Event said they would welcome a move to incorporate claims for up to £25 000 in the Ministry of Justice's low value road traffic accident portal.
Angel rated best for service by UK brokers
Angel Underwriting has come top in a comprehensive study of UK brokers into service delivery from commercial insurers and underwriting agencies.
Hardy boss accuses Beazley of undervaluing firm with offer
Hardy chief executive Barbara Merry has blamed a tough insurance cycle for the insurer trading below book value but said that is no reason for its shareholders to jump to accept Beazley's offer.
Claims Event news: Premium increases not claims farming solution
Claims farming is a demonstration of "greed" and pricing is not the solution for insurers looking to tackle it.
Career path & CSR: National Friendly sponsors under-15s team
The Merthyr under-15's rugby team is kicking off the season having secured a new sponsorship deal with specialist health insurer National Friendly.
Claims Event news: Airmic aligns itself with ABI to support Jackson review
The Association of Insurance and Risk Managers has emphasised it is "fully supportive" of Lord Justice Jackson's review of civil litigation costs.
Claims Event news: ABI's Starling claims judiciary is 'on-side' with Jackson review
Liability claims managers have every reason to feel "optimistic", according to the Association of British Insurers' director of general insurance and health Nick Starling.
Claims Event news: Lawyer suggests referral fees will survive coalition review
Referral fees are here to stay according to a prominent lawyer, who warned the insurance industry it is just going to have to 'deal with them'.
Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
2012 deadline for review could be linked to London Games
The ambitious 2012 deadline for the implementation of Lord Young of Graffham's recommendations regarding health & safety rules could have been set as a way to encourage volunteering during the London Olympic Games.
Blanch veterans join Goss Re
Ted Blanch, Mike Cashman, and Dan Case have all joined Dallas-based Goss Reinsurance Brokers in the US as partners.
Spending Review 2010: AA disappointed with flood spend
AA Insurance has revealed its concerns over the government’s decision to reduce its flood defence spending.
NIG boss Greenwood insists it is "categorically" not for sale
NIG's boss has insisted that the business sees no barriers to growth now, despite its recent eventful history: including five MDs in six years, the closure of eight offices and its withdrawal from personal lines.
Spending Review 2010: Biba slams flood spending cuts
The British Insurance Brokers Association has reacted to the spending cuts for flooding in today’s spending review.
Former Aon UK boss Harmer takes up role at IAG
Insurance Australia Group today announced the resignation of current CEO of CGU, Mr Duncan West for family reasons and the appointment of Peter Harmer as his successor.
Spending Review 2010: Forum of Private Business reacts
The Forum said that the coalition government has faced tough choices in implementing what were always going to be painful public spending cuts for many small businesses as well as the public.
Spending Review 2010: Local authority funding cut 28%
Chancellor George Osborne has cut local government funding by 28% over the next four years but has vowed to give councils more financial control.
Spending Review 2010: ABI voices concern over flood defence measures
The Association of British Insurers has reacted with disappointment to the Coalition Government’s announcement on flood defences.
Spending Review 2010: MoJ budget cut to £7bn
The Ministry of Justice will have its budget slashed from £8.3bn to £7bn by 2014/15 under the government’s spending review.
Spending Review 2010: retirement age set to increase
Under the Government Spending Review, the retirement age for men and women is set to rise from 65 to 66 by 2020.