Biba renews its contract with Lorega

The British Insurance Brokers' Association (Biba) has renewed its loss recovery insurance scheme contract with claims service advocate Lorega for another three years. Meanwhile, Lorega has enhanced the Biba loss recovery insurance product by introducing a lower cost rating system. John Sims, chief executive at Lorega, said: "The time was right to review our proposition to help Biba members stay ahead, especially in the event of a claim."