Ministry of Justice (MoJ)
Axis to take £41m Ogden rate hit
Specialty insurer and reinsurer Axis Capital will take a £41m hit from the reduction in the Ogden discount rate.
Insurers call on Chancellor to set new discount rate within a year
Industry leaders urged the Chancellor yesterday to set a new discount rate within the year, director general of the Association off British Insurers Huw Evans said.
Aviva takes £385m hit from discount rate cut
Aviva expects to take an exceptional charge to its 2016 profit after tax of approximately £385m as a result of the decision to cut the discount rate.
15 top insurance CEOs to meet Chancellor today over discount rate cut
The CEOs of 15 of the UK’s biggest motor and commercial liability insurers will today meet Chancellor Philip Hammond to urge an intervention on the government's decision to slash the Ogden discount rate.
QBE estimates UK discount rate liabilities of £129m
Australian insurer QBE is expecting a one-off increase of $160m (£129m) for outstanding claims liabilities following a UK Ministry of Justice decision on the personal injury discount rate.
PI firms will have 'no other choice but to close' following whiplash reform
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
Government to raise small claims track limit for whiplash to £5000
The Ministry of Justice has confirmed there are to be fixed tariffs capping whiplash compensation payouts.
Government to rule on personal injury role of CMCs
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
ABI loses appeal on discount rate review
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.
Whiplash legislation ‘will commence’ later this month, minister says
The government will start drawing up legislation on whiplash reform this month, a finance minister said.
Medco appoints new chairman
Medco has appointed Martin Heskins as executive chairman with responsibility for the new strategic direction of the personal injury portal.
Nine out of 10 motorists demand more action on cold calling
More than nine out of 10 motorists believe the government should take a tougher line on personal injury cold calling.
Access to Justice urges MoJ to extend whiplash consultation deadline
Access to Justice has written to the government asking for the consultation period for personal injury reform to be extended beyond the current deadline.
Q&A: Simon Stanfield, Motor Accident Solicitors' Society
Simon Stanfield was elected chair of the Motor Accident Solicitors’ Society the day before the Ministry of Justice published its consultation paper on whiplash reform.
Whiplash proposals will 'take common law back to the dark ages', lawyers say
Personal injury lawyers have reacted negatively to the government's whiplash consultation, which launched today.
Insurers welcome government's whiplash consultation after MoJ u-turn
Insurers have welcomed the government’s whiplash reform consultation, which launched today after apparently being 'shelved' in October.
MoJ launches whiplash consultation
The Ministry of Justice today launched its consultation on proposals to personal injury reform.
NAH leads calls for blanket ban on cold-calling
Over 70 organisations are calling on the government to put in place a blanket ban on cold-calling in the upcoming Autumn Statement.
This week: Elections, new woes and results
This week was an historic week for the world as it watched Americans choose their 45th president.
Travel fraud: travelling in a new direction
Traditionally, most fraud associated with holidaymakers has resulted from opportunists who exaggerate, distort or invent relatively low-value claims on their travel insurance policies.
MoJ whiplash reform plans could come 'within days'
The Ministry of Justice could outline its plans to tackle whiplash ‘within the next 10 days’, a senior Medco source has told Post.
Blog: 10 years of collaboration with the Insurance Fraud Bureau
In 2006, insurers were alert to the threat of organised criminal groups targeting them in an attempt to defraud millions of pounds.