Motor
IPT increase to add £13 to motor policies, claims ABI
The Association of British Insurers has highlighted how a range of policies will be impacted when the Insurance Premium Tax increase takes effect in November.
ABI calls for action on CMCs as motor policy prices rise
The average motor insurance premium rose slightly in the third quarter of 2015, according to the Association of British Insurers' Quarterly Motor Insurance Premium Tracker.
Quarter of a million uninsured drivers in first half of 2015 - Churchill
More than 250,000 motorists across England and Wales were handed penalty points for driving without insurance between January 2013 and June 2015, according to new analysis from Churchill Car Insurance.
Q3 motor premiums increase 4.8%, AA Index shows
Average motor premiums rose 4.8% in the three months to 30 September 2015, while over the past 12 months the average policy price has increased 9.2%, results from the AA premium index show.
Blog: Product ratings gaining momentum as an alternative to claims ratios
In my last blog for Post, I pitched the idea of product ratings as an alternative to claims ratios. I am delighted to say that the debate has moved on significantly in recent weeks, thanks to an independent review company which publishes star ratings for…
Volvo to accept full liability for autonomous vehicle crashes
Volvo Cars is to accept full liability whenever one of its cars is in autonomous mode, CEO Håkan Samuelsson has announced.
Axa foresees driverless car revolution
Driverless cars are almost a reality and have the potential to revolutionise peoples’ lives, according to David Williams, Axa UK’s head of underwriting.
British Money exits PPI, moves to motor
Payment protection insurance seller British Money has announced it is leaving the scandal-hit sector and moving into the motor insurance market.
Liberty Specialty Markets exits UK motor sector
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, is to exit the UK motor market following a strategic review.
Ford teams up with Marmalade for young driver insurance
Ford and Marmalade have joined forces to offer young drivers cheaper insurance on new Fiesta or Ka vehicles.
Profit drought returns for UK motor insurers, Towers Watson finds
The underwriting profits seen for motor insurers in 2013 evaporated over the course of 2014, according to Towers Watson's UK Motor Insurance Industry report.
Evans targets regulators, MPs and judges with credit hire rate issue
Accident Exchange CEO Steve Evans has written to regulators, politicians and members of the judiciary about his concerns that defendant law firms are providing dishonest vehicle rental rates in disputed car accidents.
RAC unveils telematics policy for young drivers
The RAC has launched a new telematics product aimed at younger drivers who are looking to reduce the cost of their insurance premiums.
Ghost broker jailed for three years
A Barking man has been jailed for three years for selling fake motor insurance policies to criminals.
Telematics data proves collusion in crash-for-cash case
A judge in Doncaster has thrown out a motor claim after GPS from a telematics device supplied by the insurer showed the motorists involved had staged the accident.
Editor's comment: An opportunity to build trust
A lack of relationship with customers in the insurance market is often blamed on annual touch points, insurance being a grudge purchase and policyholders looking for the cheapest price they can get.
RSA launches fleet app for SMEs
RSA has launched a smartphone app for SMEs with fleets of up to 15 vehicles aimed at helping them reduce their operating costs and to promote safer driving.
Cycle of hurt to continue for motor insurers despite raised rates
The cyclical nature of the UK motor market is set to continue, despite the industry recently witnessing the biggest spike in premiums for the past five years, insurers have been warned.
Consumer confusion mooted as potential outcome of add-ons ban
The incoming ban on the sale of opt-out add-on insurance policies could spark consumer confusion and ultimately lead to a smaller scale “PPI-style scandal”, according to industry observers.
QBE names Roger Ball motor director
Business insurer QBE has appointed Roger Ball as director of motor, effective 1 January 2016.
Motor claims: What's driving motor claims?
Despite a range of unprecedented reforms and the industry’s own determination to fight motor claims fraud, numbers appear to be on the rise. What are the factors that could be influencing this alarming statistic?
Courier company owner given suspended jail sentence
The owner of two West Midlands-based courier companies who forged multiple motor fleet and freight liability insurance policies to win business worth more than £700,000 has been sentenced to 16 months in prison, which was suspended for two years.
Relocation and motor claims expected as St Albans sinkhole is filled
Work on repairing a sinkhole in St Albans that left more than 50 properties without water, electricity or gas has taken place at an estimated cost of £100,000 so far.
DAS to provide Bluefin brokers with motor assistance
Legal expenses insurer DAS has partnered with the Bluefin Network to provide their partner brokers with access to their motor breakdown service, DAS Motor Assistance Gold.