Motor
Post magazine – 14 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Green Flag catches investors' eye
The appeal to investors of breakdown business Green Flag could provide its parent company Direct Line Group with "significant future flexibility" according to Investec Securities.
Pothole claims double in January
The number of insurance claims for pothole-related damage to cars more than doubled in January to 1000, compared with the same month last year, according to estimations by AA Insurance.
French consumers least likely to go online for insurance purchases
Online comparison sites are the fastest growing distribution channel for motor and household insurance in Europe, according to Finaccord.
Brightside rebrands as One Insurance Solution
Insurance broker Brightside Group has amalgamated a number of brands under the name One Insurance Solution.
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
Editor's comment: The no competition commission
You learn something new every day, or so the saying goes. Well I certainly learnt something new this week, along with several PRs — judging from the responses I got.
Confusion over Autofocus retrials
Solicitors have called for clarity over settled Autofocus claims after the Court of Appeal found cases that relied on dishonest evidence provided by Autofocus should be retried.
Politicians seek MoJ talks after insurers warn portal delay could hit consumers
Insurers have warned politicians any delay in extending the remit of the Road Traffic Accident Portal could see consumers picking up the bulk of an expected multi-million pound bill.
Penny speed meets... Ian Pritchard, motor development underwriter, Groupama Insurances
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Carrot targets young drivers with cash reward telematics plan
Insurance provider Carrot is to launch a plan that will see young drivers offered cash rewards for driving safely, with premiums adjusted at the end of each policy year.
Elite to refer Sabre to FSA over 'dirty tricks' letter campaign
After the event insurer Elite has confirmed it will be referring motor insurer Sabre to the regulator over what it describes as a “dirty tricks campaign” to convince claimants to cancel ATE policies.
Vamco claims outsourced motor ‘first' as it gains ABS approval
Outsourced motor insurance claims specialist Vamco has been granted approval to operate its own in-house law firm.
Plantec Holdings secures Carole Nash contract
Plantec Holdings will be the sole provider of overflow motorcycle accident hire for Carole Nash Insurance Consultants.
Hasting’s products achieve five-star rating
Hastings Direct’s standard and premier motor and bike insurance products and it’s People Choice car and bike insurance have achieved a five star rating from Defaqto for the second consecutive year.
Covéa deal offers a mobile repair solution
Covéa Insurance has signed up to Auto Restore’s combined national mobile and fixed repair solution to provide its customers with a seamless journey from the point where they register the claim through to a choice of type of repair service, time and…
IFED’s biggest investigation ends with guilty plea
The Insurance Fraud Enforcement Department’s biggest investigation, launched over a year ago, has concluded today with a fraudster pleading guilty to selling hundreds of non-existent car insurance policies to drivers across the UK.
Insurers defeat fraudsters attempting to claim more than £117 000
Hill Dickinson Fraud Unit and The Co-operative Insurance have cracked down on a fraud ring that attempted to claim over £117 000.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Bennetts strengthens commercial team with dual hire
Bike insurance specialist Bennetts has moved to bolster its commercial team with the double appointment of Ben Blake as senior commercial development manager and Michael Fasulo reporting into him as commercial development manager.
Drive Assist creditors will not get all their money back
A number of creditors of failed credit hire company Drive Assist will not be paid all of what they are owed, said Zolfo Cooper, the firm’s administrators.
Fitch: Drivers’ occupation can help insurers assess risk
Fitch Ratings highlighted that putting more weight on factors other like occupation, now that the gender element is no longer in play, is a “valid and valuable” factor for motor underwriters.
Direct Line Group facing price fixing complaint from Dispatches' Moody
Direct Line Group is facing a joint price fixing complaint by Retail Motor Law and the Vehicle Builders & Repairers Association.
