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Credit hire rates to rise 3.5% after protracted review

The Association of British Insurer general terms of agreement rate review has been concluded and that, as a result, GTA rates will increase by 3.5% for all new hires commencing on or after 1 June 2008.

An ABI spokesman told Post: “It was a question of not rushing things to make sure the right decision was made. We hope that it represents a fair deal for both insurers and the credit hire industry. We

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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