Motor
General Legal Protection MD speaks out on claims culture
The ease with which the current insurance claims system can be abused contributes to the compensation culture in the UK, General Legal Protection managing director André Scruton says.
Carole Nash turnover improves despite shrinking market
Turnover at motorcycle broker Carole Nash improved by nearly 5% in 2012 while the company’s profit dropped by £400 000.
NAB calls for investigation into written-off vehicles
The National Association of Bodyshops is urging the Competition Commission to undertake further investigations into vehicles that have been written-off following claims that their number has increased.
Motor profitable for just one-third of insurers in 2013 says E&Y
Only one-third of UK motor insurers will make a profit in 2013 according to EY.
Opportunities reducing for China motor tie-ups, says KPMG
Foreign insurers are looking to capitalise on the opening of the motor market and rising M&A activity in China. This follows the removal of restrictions to write compulsory third party liability insurance, according to a new industry survey by KPMG.
MIB welcomes uninsured drivers' fine increase
The Motor Insurers’ Bureau has welcomed the £100 increase to the fixed penalty fine for uninsured drivers. The fine is now £300.
APU warns against 'flash-for-crash' scam
The Asset Protection Unit is warning against a new motor insurance scam coined “flash-for-crash” where fraudsters flash their lights to give other drivers the right of way and then crash into them on purpose.
Motor offence reforms 'not tough enough' claim AA members
The vast majority of drivers surveyed by the AA believe motor offence reforms that bring the fixed penalty for driving without insurance up from £200 to £300 are not stringent enough.
New senior fleet underwriter for Xbroker
Moorhouse subsidiary Xbroker has appointed David Grimsey as senior fleet underwriter.
Motor sector cites rates and reforms as COR soars
Motor insurers have bemoaned the impact of rock-bottom rates on their first-half figures, prompting some industry leaders to rule out further rate reductions in the second half of the year.
Penny Black's Insurance Week - 15/22 August 2013
Despite reports of a fall in car insurance premiums, it seems some firms still charge rates well above what consumers would consider good value.
Career development: Groupama's motorcycle team step into motorcyclists' boots
Groupama Insurances, soon to be Ageas, has put its motorcycle claims team through a series of training sessions to help them understand the needs of policyholders when handling claims.
Law report: Constable culpable in car collision
This law report was supplied by law firm Berrymans Lace Mawer.
Gender Directive: New Tricks
The EU Gender Directive has given rise to a new generation of ‘girly’ motor insurers – but are the practices sustainable in the long term?
View from the Top: Whiplash reform needs green light
With the current dysfunctional system playing into fraudsters’ hands, the government must take action.
Month extension for Markerstudy’s Brightside bid
The deadline for a bid by Gibraltar-based motor insurer Markerstudy to take over Brightside has been extended to 10 September, a statement to the London Stock Exchange has confirmed.
MIB denies reports it instructed private eyes on injured teenager claim
The Motor Insurers’ Bureau has vigorously denied allegations made by a number of national newspapers that it engaged the services of private investigators to ‘blag’ employment histories, benefit and telephone records of an injured teenager and her…
NCI Vehicle Rescue posts 287% increase in pre-tax profit
NCI Vehicle Rescue has posted a pre-tax profit of £974 486 for full year 2012- 2013, up 287% year on year.
Rias repositions with TV advertising campaign
Over 50s insurer Rias has launched a TV advertising campaign 'Where experience counts’ to reflect the modern face of the UK’s 23 million over 50s.
Whiplash: What next?
The Transport Select Committee published the much anticipated findings of its inquiry into whiplash claims last week.
Axa fails in first Accident Exchange Autofocus retrial before a judge
Axa has been made to pay Accident Exchange in the first retrial involving fraudulent Autofocus evidence.
Sabre launches into telematics supported by Wunelli and Open GI
Motor insurer Sabre has partnered with telematics solution provider Wunelli to launch its first telematics product – Drive Smart.
Broker develops motor fraud reduction service
DNA Insurance Services has launched a motor trade tracker service designed to reduce insurance fraud, insurer claims exposure and uninsured vehicles.
LV launches new classic car cover
LV has unveiled a new classic car product designed for vehicles over 20 years old.