Personal injury (PI)
Equity Red Star slammed for being too slow to adjust reserves
Equity Red Star should have taken quicker and more decisive action in reserving for increasing bodily injury claims according to a report produced by JP Morgan.
Motor insurers' excuses for poor results rejected
Insurer claims that increases in bodily injury costs are to blame for poor performance in the private motor market may be misleading, according to industry experts.
Fraud blamed for record motor premium rise
Fraud is pushing car insurance premiums up faster than ever, according to AA Insurance.
RBSI reports operating loss for Q2 2010
Royal Bank of Scotland Insurance (RBSI) made an operating loss of £203m during Q2 2010, compared to a £142m profit for the same period last year.
Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
Allianz establishes specialist team to identify fraud
In what it claims is an insurance industry first, Allianz has established a specialist casualty claims validation team, which it predicts could identify up to £15m of fraud next year.
Jackson consultation slated for leaving brokers in dark
Experts have criticised the Government's Jackson review consultation, claiming it has left the industry "in the dark" on key measures.
Government to consult on how to implement Jackson Review
The coalition Government has announced a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
ABI reveals fraudulent claims cost more than £16m a week
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers (ABI).
Your letters: Think ahead
Without doubt, these are hard times for insurance brokers and this makes us all look for new business and revenue streams. However, what it should not lead to is the use of 'quick fix' and other such schemes that undermine the claims process and the…
Con-Dem health and safety review branded 'waste of time'
Andrew Wigmore, policy director of the Claims Standards Council (CSC) has slammed the Government's health and safety review as a rehash of the Jackson review and a "waste of time, effort and money".
High Court personal injury disputes jump 32% in two years
The number of personal injury claims continues to surge despite reforms to regulate claims handling companies according to statistics obtained by Sweet & Maxwell.
Aviva reports 50% increase in motorcycle claims
Aviva has revealed that since 2005 it has seen a 57% increase in the number of bodily injury claims made against motorcyclists. The insurer has also seen motorcycle claims costs increase by 51% in the same period, and its statistics indicate that this is…
Equity Red Star launches over 50s PA policy
Equity Red Star has launched its ‘Over 50s Accident Plan’ to cater specifically for the over 50s sector.
IAG boosts UK claims reserves
Insurance Australia Group (IAG) said that due to a "significant deterioration in UK claim experience", in particular bodily injury claims, it has conducted an independent actuarial review of its UK business.
ATE: Group Litigation: Collective danger ahead
Ever since the Woolf reforms removed legal aid for civil claims in 1999, a fearsome uprising has threatened, looming as a storm cloud over the insurance industry, writes Ralph Savage.
Broking Success: Niche is the word
Emmanuel Kenning meets a Blackburn Rovers fan who started his career on La Réunion, 200 miles east of Madagascar in the Indian Ocean, and is eager for broking to improve its image.
E-commerce: Chesterfield website targets high-risk policyholders
Lloyd's intermediary Chesterfield Insurance Brokers has announced the launch of a new website designed to provide cover for those operating in high-risk territories or with high-risk jobs.
Overseas terrorism compensation scheme given seal of approval
A scheme to compensate British citizens injured by terrorist attacks outside the UK has received Royal Assent.
DAS to launch revised ATE scheme
The after-the-event (ATE) trading division of DAS, 80e, has unveiled the latest version of its scheme Justice Solutions.
The Jackson Review of civil litigation costs
Lord Justice Jackson's final Review of Civil Litigation Costs report was published on 14 January 2010, following a preliminary report in May 2009.
The Ministry of Justice reforms
The Ministry of Justice reforms for low value road traffic accident personal injury claims, valued between £1,000 and £10,000, are due to be implemented on 30 April. The live date was deferred from 6 April.
Fraudulent personal injury claims reaching "epidemic" levels, according to research
Nine out of 10 (89%) solicitors think the 'no win no fee' system has encouraged more people to make fraudulent personal injury claims, according to research from LV.
Groupama PA policy enhanced
The insurer claims it will give brokers targeting the small to medium sized enterprise sector a valuable tool in their armoury