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IUA attacks late claims payment penalties

Proposed legal reforms that allow unlimited damages to compensate for delayed claims payments will drive up legal costs and raise insurance premiums, the International Underwriting Association has warned.

Hastings reports profit up 63%

Hastings Insurance Group has announced its first calendar year consolidated results, showing pre-tax profit up 63% to £31m (2010: £19m).

Handling customer complaints

In an online exclusive, CMS Cameron McKenna partner Alison McHaffie outlines best practice for insurance firms dealing with complaints from customers.

Perils updates database and adds floods

Zurich-based European catastrophe insurance data firm Perils has updated its Europe Industry Exposure Database of market-wide property sums insured for European windstorm.

A&A adopts Claim Witness telematics system

Non-standard motor broker A&A Group is to adopt a new telematics system launched by Claim Witness Systems, which is backed by experienced insurance industry figures, such as Mark Boleat.

Iran sanctions have unintended consequences

Economic sanctions against Iran are an important part of European Union and US attempts to force the country to curb its nuclear programme. But, as Francesca Nyman reports, increasing concern has been voiced in recent months that measures aimed at the…

Q&A: Frank Weinreich, Liberty Syndicates

Frank Weinreich, regional manager for reinsurance for Central and Eastern Europe at Liberty Syndicates, pictured, spoke to Stephanie Denton with a reinsurance point of view on trends in CEE, claims levels and the future of brokers in the region.

MIB: uninsured young drivers down 50%

The Motor Insurers' Bureau has claimed that the number of 17–20 year-olds estimated to be driving without insurance has decreased by half over the past three years.

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