Credit hire
Swinton and Esure owed over £1m by Drive Assist
Swinton and Esure are owed more than £1m each by failed credit hire company Drive Assist.
BLD names former Drive Assist supplier management head as CFO
Claims management firm BLD Group has named head of supplier management and claims liaison David Hancox as chief financial officer.
Validus launches anti-fraud software
Validus-IVC has launched its own credit hire anti-fraud software following a two-year trial period with 21 insurance clients.
Markerstudy acquires accident management company
Markerstudy Group has completed a second acquisition in less than a month with the purchase of accident management company Vision Vehicle Solutions.
Post magazine - 20/27 December 2012
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CHOs warned to adapt and learn from Drive Assist demise
The collapse of 'insurer-friendly' Drive Assist should serve as a wake-up call to fellow credit hire organisations that have failed to adapt to the challenging conditions of the motor insurance sector, according to market observers.
MP and job centre rally round Drive Assist staff
The sacked employees of credit hirer Drive Assist have found support in the shape of a local MP and the job centre.
CHO welcomes Competition Commission's consumer harm focus
The Credit Hire Organisation has welcomed the Competition Commission's detailed plan of investigation into the motor insurance market.
Competition Commission to investigate credit hire and aggregator markets
The Competition Commission has published its plans to investigate the lack of control involved in the supply of services in private motor insurance, the power of the four main aggregators, and the difficulties customers face when researching and buying…
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Elite Incident Management to be liquidated next year
Motor claims outsourcing company Elite Incident Management is to be liquidated next year, the appointed insolvency practice has confirmed.
Elite Incident Management ceases trading
Credit hirer Elite Incident Management is said to have ceased trading with immediate effect.
Drive Assist 'cash flow problems' prompt administration with loss of 259 jobs
Advisory and restructuring company Zolfo Cooper has confirmed it was appointed administrators of credit hirer Drive Assist last night.
Drive Assist calls in the administrators
Credit hire company Drive Assist has gone into administration.
Competition Commission investigation unlikely to affect motor premiums
The Competition Commission’s investigation into the motor insurance market is likely to do no more than cause reputation damage, Standard & Poor's has predicted.
Credit hirers to access insurance database under GTA portal plans
Credit hirers could be given access to the Motor Insurance Database under plans to create a portal for third-party vehicle replacement services.
'No more cold calling customers,' new Mass chairman urges ahead of motor claims code launch
The Motor Accident Solicitors Society is to launch a package of reforms in a new motor claims code in a bid to boost the rights of the consumer.
Insurers await outcome of 'dishonest' evidence appeal in Axa case
Several insurers are awaiting a Court of Appeal decision on Axa's use of allegedly "false" Autofocus evidence before potentially resuming out-of-court negotiations with Accident Exchange.
Interview: Des Hudson - Fighting his corner
Six years as the chief executive of the Law Society has not quelled Des Hudson's battling instincts. He talks to Post about upcoming legal changes and his relationship with the insurance industry.
Helphire engaging with DLG and RSA on Autofocus evidence
Helphire has indicated that a number of insurers are keen to reach settlements with the firm over the use of "dishonest" Autofocus evidence as the company reaches a deal with RSA and Direct Line Group on access to information on the rate surveyor.
Interview: Dominic Clayden - not shaken or stirred
Aviva's UK GI claims director Dominic Clayden has been at the forefront of many claims battles over the past 15 years. He talks to Post about the upcoming civil justice reforms and the issues currently affecting the insurance industry.
Zurich scoops trio of Insurance Fraud Awards
Zurich was the main winner at the Insurance Fraud Awards last night, picking up three gongs.
Factor in reforms, motor insurers urge Competition Commission
The Competition Commission has been urged to consider the impact of upcoming legal reforms, including the ban on referral fees and changes to general damages, when it begins its two-year investigation into the private motor insurance market.
Editor's comment: Motor madness drives on
Love it or hate it, the UK private car insurance market grabs all the industry's political airtime outside floods and hurricanes.