Motor
Calls for stricter ID checks to clamp down on plant theft
The Metropolitan Police has issued a plea to the insurance industry to introduce harsher ID checks before issuing policy cover in a bid to prevent finance and hire vehicle fraud.
Broker claims unearned work transfer payments are endemic in commercial
Brokers are continuing to take secret payments from insurers and not declaring them to clients, according to a specialist commercial intermediary.
Editor's comment: Impacting the market
Market-turning they may not be but market-impacting they evidently are. Revised loss estimates for the 1500 industrial units hit by the Thai floods have reached $20bn.
Motor insurers set to share application data in suspected frauds
Motor insurers want to share data from suspected application fraud, as criminals try multiple submissions to get cars on the Motor Insurance Database as cheaply as possible.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Willis Re report shows rise in motor premuims and fall in claims
UK motor insurance premiums have continued to rise in 2011, with some drivers facing price increases of up to 50 percent, according to an annual review conducted by Willis Re.
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
3 December: Putting the boot in
On a day out in the countryside with his family, Mr Policyholder was delighted to come across a parking space in the notoriously busy car park of a local beauty spot.
Bluefin's network appoints Ageas to home panel
Bluefin Broker Partnership Services (BBPS) has appointed Ageas to its panel of preferred home insurance providers.
Russian Insurance Market – Decay or good prospects?
The Russian insurance market is only 20 years old and comes with a set of its own challenges but according to Paul Koshik there are opportunities there too.
2 December: Cut and shut
Dealing with stolen motor vehicles is nothing new for insurers, so when Mr Policyholder phoned to report the theft of his classic motor vehicle, his insurer began the usual process.
Emerging markets look set to grow in 2012
Despite growth slowing in 2011 emerging markets will remain “reliable growth engines” in the global insurance markets in 2012, according to reinsurer Swiss Re.
Penny Black’s insurance week
Pity Penny’s friend Jamie Marchant, Groupama’s marketing supremo.
Your say: Question marks over Bent
The judgment in the Bent v Highways and Utilities case raises some very interesting questions - and there are at least two question marks hanging over the early stage handling of the case.
Parker Norfolk to double number of employees after takeover
Lloyd’s broker Miles Smith plans to double its employee numbers at newly acquired wholesale motor fleet specialist Parker Norfolk over the next 12 months.
Insurance fraud police unit reveals areas to be targeted after assessment
The £3m insurance fraud police unit could be charged with tackling ghost broking, insider fraud, ‘crash-for-cash’ and corrupt professionals, including lawyers and doctors.
News analysis: Forensic claims analyst issues warning as insurers fail to focus on audits
A specialist forensic claims analyst has warned that insurers need to take claims auditing “far more seriously” in the wake of the High Court case brought against Endsleigh.
Italy sees decreasing RTAs
Road accidents, casualties and the number of injured people are decreasing in Italy, according to the latest report by ISTAT, Italy's national statistics bureau, and the Automobile Club d'Italia.
More competition needed in Italian insurance says Antitrust Authority
There is not enough competition among insurance companies in Italy, according to Antitrust Authority president Antonio Catricalà.
Jubilee to provide European car hire cover for Towergate
Specialist Lloyd’s insurer Jubilee has been appointed to extend the coverage of Insurance4carhire to Europe.
LMA explains motor rises to OFT
The Lloyd’s Market Association has issued a plea to the Office of Fair Trading to consider the underlying causes of rising motor premiums before it reports next month.
Young Marmalade opposes ABI on age
Young driver insurer Young Marmalade has rejected the Association of British Insurers' call for a minimum training period of one year before a provisional driver can take a driving test. It said this “would be too much of a ‘one size fits all’ solution”.
Your say: ABI gauntlet thrown down...
An article published in the 3 November edition of Post started a bit of a debate between Auto Law legal director Lucy Bonham Carter and assistant director, head of motor and liability at the Association of British Insurers, James Dalton.
Editor's comment: Knowledge swap shop
The first of many: that appears to be the over-riding theme of this week’s insurance market developments. First we had the groundbreaking strategic partnership struck between Catlin and China Re, in a move both parties expect will prove extremely…