Motor
Editor's comment: What a difference a year makes
2014 is coming to a close and so much has happened but will insurers be sad to see it go? It was the year that started with Winter floods estimated to have generated a total bill of £500m and saw Labour Party Leader Ed Miliband demand insurers settle…
Covéa launches new fleet product to boost commercial growth
Covéa Insurance, the UK subsidiary of French mutual Covéa, will launch a new fleet product for commercial brokers this month.
One in 10 car deaths linked to alcohol, says WHO
Following a study, the World Health Organisation has said one in every 10 car deaths is linked to alcohol.
Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
Questgates to introduce minimum standard for motor investigators
Loss adjuster Questgates has unveiled plans to introduce a minimum professional standard for those operating within its motor investigation team by the first quarter of next year.
New vehicle damage repair standard published
A new British Standard for vehicle damage repair has been published by BSI to help repair centres differentiate themselves from their competitors.
Alps agrees commercial breakdown deal with Higos
Auto Legal Protection Services has partnered with Higos to provide breakdown cover for commercial vehicles and fleet clients.
Debenhams signs three year car insurance deal with Eldon
Eldon Insurance has agreed a three year partnership deal with Debenhams Retail that will result in the Newcastle-based firm providing car insurance for the retail firm.
Innovation Group restructures UK motor division
Innovation Group has consolidated its four UK motor brands, Crashworth, Gemini, Nobilas and Motorcare, to form a new division called Innovation Group Motor UK.
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work
Average policy savings of £15 predicted following My Licence launch
Motor Insurers’ Bureau CEO Ashton West has set his sights on the “the holy grail” of delivering claims data at the point of quote by 2016, following the launch of the My Licence initiative, which is expected to spark customer savings.
My Licence officially launches
The My Licence initiative has officially been launched by the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency.
LV extends Nationwide motor contract
LV has completed a deal to further extend its partnership with building society Nationwide on car insurance products.
RSA named as insurer partner for Greenwich driverless cars pilot
RSA has been selected as the insurer partner for the Government-backed driverless cars project in Greenwich, London.
Axa picked as insurance expert for driverless cars project
Axa has been selected as part of two government-funded initiatives to pilot driverless cars in the UK.
Innovation Group inks £46m deal for motor service specialist as CEO departs
Innovation Group has revealed a deal to spend up to £46m on one of the UK’s leading motor service plan specialists, alongside announcing the departure of CEO Andy Roberts.
ABI 2014 Motor Conference round-up
All the big stories from the ABI motor conference.
MoJ’s Grayling outlines 1 April start for whiplash portal MedCo
The new regime to accredit and distribute work to medico legal firms will go live on 1 April 2015 it was announced today.
MP moots option of second CMA review into motor insurance
A Conservative MP has raised the prospect of a second Competitions and Market Authority review into the motor insurance sector after the next election.
Claims Club News: Insurance implications of automated cars depend on level of human interaction
The extent of human interaction is one of the biggest challenges companies face in the race to develop driverless cars.
ABI's Evans urges insurers to take reputational issues into own hands
Insurers must do a better job of defending rating factors to avoid them being seen as a "sinister" use of data collection against consumers, Association of British Insurers deputy director general Huw Evans says.
Four men jailed in Operation Catcher crash-for-cash case
Four men have been jailed for a total of nine years at Croydon Crown Court for their roles in fraudulent insurance claims totalling more than £290,000.
Blackpool and Crewe among areas with highest drink-driving convictions on motor policies
Llandrindod Wells and Blackpool have been named as the top two postal areas for drivers with drink or drug-driving convictions on their car insurance policies, according to research from aggregator Money Supermarket.
Axa Assistance launches total loss product
Axa Assistance has launched total loss protection insurance for insurers and brokers to address delays and financial losses associated with motor write-off claims.