Motor
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Car premiums stall but home still rising
The latest AA British Insurance Premium Index has revealed a small 0.3% fall in car insurance premiums while buildings insurance rose by 4% in the third quarter of 2011.
Labour Party criticised for generating referral fees
The Daily Mail has reported that the Labour Party has received over £350,000 in donations from personal injury lawyers.
Chaucer bolsters UK motor business with key appointment
Chaucer Insurance has appointed Paul Baxter as head of direct as the insurer aims to build its UK motor business.
Aviva launches multi-car policy for families
Aviva has launched MultiCar, a new insurance policy for family members living at the same address to cover up to five cars or vans in a household.
MD buys part of Broker Assistance out of administration
The managing director of troubled claims management company, Broker Assistance, has purchased the claims handling part of the company from administrators.
Claims management company enters administration
Broker Assistance, the claims management company, has entered administration.
Car insurance premiums now falling, research says
Comprehensive car insurance premiums fell by 1.6% in the third quarter of 2011 according to the latest Car Insurance Price Index from Confused.com and Towers Watson.
Claims experts defend firms against Straw’s “parasite” comments
Claims specialists have defended their offerings after Jack Straw branded claims management companies (CMCs) and credit hire companies as “parasites in the system”.
Nine arrests over crash for cash scam in Huddersfield
Eight men and one woman have been arrested by police in Kirklees as part of a major investigation into suspected fraud and money laundering offences.
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.
Thatcham to invest in vehicle safety research
Thatcham has announced it is to invest in vehicle-based research in an attempt to mitigate rising motor insurance claims costs.
Ageas seals Vauxhall deal
Ageas has announced that it is to provide fully branded motor insurance products to Vauxhall’s UK customers over the next five years.
Peter Staddon joins Devitt
Peter Staddon has joined Devitt as broker personal lines executive director, Insurance Age’s sister title Post has learnt.
Add-ons: the next PPI scandal?
OFT’s call for evidence on ancillary products in private motor could uncover wide-spread mis-selling
OFT continues to target private motor over competition concerns
The Office of Fair Trading (OFT) has opened a consultation aimed at addressing competition issues in the private motor market.
A.M. Best warns of need for rate rises
A.M. Best has warned that UK insurers’ ability to subsidise weak accident-year returns with reserve releases has been reduced and called for corrective pricing.
Ellis Clowes targets commercial business with new office
Ellis Clowes & Company has opened a second office, based in Banbury, to operate its commercial division.
Victor Millwell looks to Autoglass
Motorhome specialist insurance broker Victor Millwell has appointed Autoglass as its preferred supplier.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.