Legal expenses
High Net Worth: Opportunities abound to target the top
Despite the economic conditions, high net worth insurance continues to thrive. But will this lead to a host of new entrants in the market?
Corporate Underinsurance: Improving understanding of business interruption cover
Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?
Child abuse claims: Victims facing uphill battle for compensation
Local authority, church and legal expenses insurers have a role to play in sexual abuse litigation. However, government reform and a recent legal ruling may see this change.
Market moves: XL rings the changes
XL led the way in the recruitment space this week, as insurers made a number of key appointments. While XL added four new staff members to its ranks, Liberty Mutual, Canopius, CNA Europe and Axa also had a busy seven days. In comparison, the broking…
ULR reports £4m loss as auditors raise concerns over future
Auditors for legal expenses provider ULR Additions have compiled a damning report of the firm's 2010 accounts, which made a £4m loss, stating there is “uncertainty” about the company’s future.
DAS recruits first ever COO
The DAS group has appointed Paul Timmins, pictured, to the newly created role of chief operating officer.
ATE insurer Elite enters solicitors' PI market in dramatic u-turn
Legal expenses provider and after-the-event insurer Elite Insurance Company will be entering the solicitors’ professional indemnity insurance market this year in a dramatic u-turn to its position last year.
Elite opens offices in France and Italy
Specialist legal and after-the-event insurer Elite is expanding its footprint in Europe by opening two new offices.
First Assist in Legal 4 Landlords deal
First Assist Legal Protection has signed a deal with Legal 4 Landlords to provide up to £50 000 of legal expenses insurance for property disputes, including eviction, and ongoing rental payments in the event of tenant default.
Risk of conflict with ABS
The move by some legal expenses firms to develop alternative business structures under the Legal Services Act creates the risk of a conflict between the needs of underwriters and consumers, according to Arc Legal Assistance.
DAS continues to provide legal expenses for Sterling
DAS has extended its contract to provide Sterling Insurance customers with legal expenses cover.
ULR Additions shuffles jobs as accounts remain unfiled
Legal expenses provider ULR Additions has failed to file its accounts at Companies House, almost four months after Post revealed that two long-standing senior figures had departed the firm.
Arag hands Barrie & Hibbert SII role
Legal expenses insurer Arag has selected financial market modelling firm Barrie & Hibbert to assist in its preparations for Solvency II.
ULR Additions to appeal Webster Dixon decision
ULR Additions has lodged an appeal in the Webster Dixon case against the judgment which will force it to pay higher fees to non-panel solicitors chosen by legal expenses policyholders.
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
UK General and LIM sign new deal for expenses cover
UK General Insurance has signed a deal with Legal Expenses Management to provide its legal expenses cover.
View from the top: A better deal on motor
We have a problem. As an industry, claims inflation in motor insurance is racing ahead of average earnings increases.
MSL opts for Financial & Legal’s LEI
MSL Legal Expenses has signed a three-year deal to sell Financial and Legal Insurance’s personal and commercial lines legal expenses insurance products to its broker networks and individual clients.
Mixed reaction to Webster Dixon's High Court success
Legal expenses insurer DAS has called for caution following Webster Dixon’s success in the High Court last week where the circumstances in which legal expenses insurers may not decline a policyholder’s claim were clarified.
Ruling “sting in the tail” for insureds
Michael Frisby, partner in the dispute resolution team at law firm Stevens & Bolton has commented on a test case which has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Ruling puts paid to ‘cash-cow’ legal expenses insurers
A test case in the High Court has opened up the possibility of legal expenses policyholders choosing their own solicitors.
85% of consumers happy to buy home insurance online
According to a survey by independent financial research company Defaqto, 85% of consumers are comfortable with researching and buying home insurance online without professional advice.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.