News
FSA faces six-month deadline for shake-up
The Financial Services Authority will be given only six months to bring about a "lighter touch" to r...
What the papers said this week
Daily Mail Teachers claimed a total of £3.2m in compensation last year. Payouts included £40,000 to...
Equitas settles largest remaining direct asbestos exposure
Equitas said it has settled its largest remaining direct asbestos exposure. The policies of McDermot...
Folgate and Towergate merger delayed
The merger of intermediaries Folgate and Towergate has been postponed due to legal delays. The acqu...
Crawford tipped for Axa panel success
Axa is expected to unveil the result of its subsidence panel review by the end of the week, with Cra...
Axa mulls dual pricing policy
Axa is considering charging different prices for commercial risks placed online and offline to drive...
ABI flood review welcomed
Government plans to review its flood management policy have been welcomed by insurers. The Office o...
MP attacks the government over uninsured drivers
The Liberal Democrat Shadow Secretary of State for Trade and Industry has hit out at the government ...
Fraud detection doubles
Insurers have almost doubled fraud detection during the past three years but are still only identify...
Legal victory will not stop claims
Insurers could yet face huge passive smoking litigation bills, despite defeating what is thought to ...
Bill eases D&O concerns
Insurer concerns that they could be increasingly exposed to directors' and officers' liabilities wer...
In the doghouse
Churchill Insurance this week decided to pull its latest advert featuring the voice of Vic Reeves, p...
Penny Black's insurance week
Penny cannot help feeling that Michael Howard may regret his decision to turf Howard Flight out of t...
No pain, no gain for CIS
News Analysis: CIS Overhaul
Reform puts claims in the legal firing line
Policyholders could be allowed to sue insurers for handling claims poorly, if proposals to reform in...
Insurers warned over law firms
Insurers have been warned not to establish or buy legal entities, despite plans being announced last...
AIG chairman plans to formally retire this week
AIG chairman Maurice Greenberg plans to formally retire from AIG this week, and is expected to leave...
AIG delays 2004 10-K
American International Group’s (AIG) problems have deepened as it announced that it was formally delaying the submission of its Form 10-K for 2004.
Acquisition will reduce motor fraud, claims buyer
UK insurance software house, CDL, has acquired The Vehicle Inspection Company UK Limited, securing a licence to access DVLA data.
FSA rejects external ombudsman appeals procedure
The Financial Services Authority and the Financial Ombudsman Service have rejected the idea of an external appeals procedure. The announcement was made with the published updated procedures for handling complaints to the ombudsman service today.
Primary Broker Services boosts North-East operation
Commercial insurance provider Primary Broker Services has announced the expansion of its Harrogate operation and the appointment of two new business underwriters to support its growth in the North-East.
Support grows for fraud initiative
The CPP Group today signed up to support the Government Immobilise mobile phone initiative and predicted less mobile phone insurance fraud.
Zurich pledges reduced rates
Zurich Professional claims its revised professional indemnity insurance rates for accountants will offer premium savings of up to a third.
Buffett to meet regulators over AIG inquiry
Warren Buffett is to meet with investigators looking at a deal between a subsidiary of Mr Buffett’s Berkshire Hathaway and troubled (re)insurer American International Group (AIG).