Credit hire
Zurich fails in Accident Exchange settlement bid
Zurich has been rejected in a bid to settle more than 50 credit hire rate disputes with Accident Exchange.
Axa to offer settlement on Accident Exchange disputes
Axa is to make a third attempt to end all of its credit hire rate disputes with Accident Exchange through a global settlement, Post can reveal.
In Series: Claims: A moral dilemma
The industry is split over the ethics of subrogation. Will Competition Commission intervention resolve the situation once and for all, or can insurers find their own solution through bilateral agreements?
Axa settles ahead of its first Accident Exchange retrial
Axa has agreed an estimated £30 000 settlement, ending the prospect of what would have been the first retrial for the insurer in its ongoing legal battles over Accident Exchange credit hire rates.
Quindell strikes deal with Renault UK
Quindell has signed a contract to provide Renault UK with accident management services across Great Britain.
Helphire to resume dividend payments following High Court order
Helphire Group has been granted permission to resume paying dividends by the High Court.
Axa denies complicity after Accident Exchange exhumes Autofocus cases
AE’s chief vows to right wrongs of ‘deceitful’ practices in targeted legal action
Subrogation: Fair Play?
With some firms facing criticism over their approach to subrogation, are motor insurers acting in customers’ best interests or is this outdated legal framework being exploited?
Helphire ABS licence within reach as application reaches final stage
Helphire's alternative business structure has reached the "final stage" according to chairman Avril Palmer-Baunack
Markerstudy eyes up acquisitions and unveils claims management solution
Markerstudy has combined three of its most recent acquisitions into a new integrated FNOL and claims management solution called Synchronicity.
Quindell expands ranks with Crusader acquistion
Quindell Portfolio has acquired motor claims management specialist Crusader Assistance Group Holdings in a £9m deal, subject to regulatory approval.
Your Say: Stop harassing injured victims
The proposal by Dominic Clayden [claims director at Aviva] to require non-fault victims to contact the at-fault insurer to give them the chance to deal with repair, mobility and personal injury issues makes third-party capture – which the Financial…
Validus completes LDC-backed MBO
Motor claims specialist Validus-IVC has completed a management buyout with the support of former Davies backer Lloyds Development Capital.
Credit Hire: Co-operation not combat
With concerns over credit hire at an all-time high after the collapse of Drive Assist, what is the future for credit hire organisations, and can they ever truly make peace with insurers?
IFB investigation leads to jail time for fraudsters
The insurance industry has demonstrated a “zero tolerance” stance towards fraud produces results, after two fraudsters responsible for handling “thousands” of fictitious or inflated personal injury and credit hire claims were sentenced to jail.
News review: British insurance staff could lose jobs
Staff at mortgage payment protection insurance provider British Insurance has been put on redundancy notice by the firm's parent company Towergate Insurance.
Fraudulent claim handlers jailed
Two fraudsters responsible for handling ‘thousands’ of fictitious or inflated personal injury and credit hire claims have been sentenced to jail.
Helphire announces profit alongside refinancing
Claims management firm Helphire has reported an operating profit of £3.1m for the six months to 31 December in interim results published today.
CIS calls for Competition Commission action on subrogated claims model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having had a bilateral agreement with the insurer in place since last July
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Drive Assist saga leaves 15% of NAB’s members at risk
The National Association of Bodyshops is threatening legal action against the administrators of Drive Assist, after claiming the credit hire firm left 15% of NAB members “at risk” of running into cash flow difficulties after it went into liquidation.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
Accident Exchange retrial possible in light of "fresh evidence"
Four test cases that found Accident Exchange had charged Axa excessive hire rates could be retried, the Court of Appeal ruled today.
Drive Assist creditors will not get all their money back
A number of creditors of failed credit hire company Drive Assist will not be paid all of what they are owed, said Zolfo Cooper, the firm’s administrators.