The decision by the Ministry of Justice to remove alternative dispute resolution from the whiplash claims portal has been slammed by law organisations as a broken promise, just not good enough and removing a central plank of the whole process.
The Ministry of Justice has addressed a “loophole” meaning children and vulnerable adults will be able to recoup representation costs when the delayed whiplash portal rolls out, but questions linger over its start date, pressure on courts and claimants…
The government has decided that it would not be “practical” to implement the whiplash portal as planned and has delayed it until August.
Hastings is hoping that investment in its anti-fraud capabilities and supplier partnerships secured in the tail-end of last year will mitigate the impact of claims inflation on its bottom line.
RSA has delivered an underwriting profit of £3m in the UK for 2019, reversing the underwriting loss of £93m the year before.
Insurtech Tractable is targeting new clients in South East Asia, the Middle East and Latin America after unveiling a $25m (£19.2m) Series C investment, led by Georgian Partners
Direct Line Group is cutting 800 jobs over the next two years, the insurer has confirmed.
In the next in our series of podcasts with Motor Insurance World speakers, Alex Lewis-Jones, research manager at Delta EE, is interviewed by Post’s editor Stephanie Denton, on alternative modes of travel, the challenges and hurdles to our transport and…
Law firm Kennedys has spun out part of its innovation function as a separate wholly-owned limited company in order to speed up product development and attract staff more suited to its technology/software focus.
Delays to the legislation that will govern the whiplash portal mean it is highly unlikely the portal will launch in April, Association of British Insurers director general Huw Evans projected.
There was “a very large number of factors” behind the significant drop in operating profit at Allianz UK in 2019, according to CEO Jon Dye.
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
In this month's column, David Worsfold, a long-running commentator on the insurance market, explores how the insurance industry could find itself rather lonely in its corridors of deviation after Brexit is finalised, the complexities of Covid-19 for the…
The Motor Insurers' Bureau has been tipped to challenge the government into amending the Road Traffic Act or change its own Articles following this week's Supreme Court ruling in the case of MIB v Lewis.
Industry experts have predicted that the government is ready to delay the upcoming launch of the claims portal with an announcement expected “very soon”.
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Scandal, fraud, deception and rabid profiteering have never been far away from the insurance industry. Indeed, it is probably fair to say they have been uneasy bedfellows ever since the modern insurance industry started to lay its foundations in this…
In the next in our series of podcasts with Motor Insurance World speakers Andrew Cox, detective superintendent at the Metropolitan Police, is interviewed by Post’s content director Jonathan Swift, outlining what challenges insurers can expect to come…
Composite insurance pricing in the UK rose by 13.7% in the fourth quarter of last year according to research by Marsh.
December 2019 was the first anniversary of Royal Assent to the Civil Liability Act 2018 and mid-January 2020 marked six months on from one of David Gauke’s last decisions as Lord Chancellor to set a new personal injury discount rate of -0.25% for England…
Markerstudy’s group underwriting director, Gary Humphreys, discusses taking a pause on commercial business, progress on the Co-op Insurance buy, debt, making further acquisitions and the rated versus unrated debate as well as backing MGAs and the future…
Markerstudy is in discussions with Qatar Re over the repayment of its $316m (£244m) loan ahead of the next deadline of May this year, group underwriting director Gary Humphreys told Post.
Insurers and loss adjusters are reporting a surge in claims and calls, as they warn more disruption and damage is expected after Storm Ciara hit the UK over the weekend with winds of more than 80mph.