Experts worry it could lead to “surge pricing” but see positives too including transparency and flexibility.
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The MGA stated that the timing of the the Lloyd's review was a contributing factor in the decision.
Sky News reveals disposal plans and £300m price tag.
But broker warns of the threat of underinsurance if the UK leaves the EU without a withdrawal agreement as businesses stockpile.
The market has also been keen to learn more, via sister site Insurance Hound, about business interruption, Brexit and construction plant theft.
78% called for a ban on insurance firms charging higher prices for renewals than new business.
It adds to its cyber proposition and is aimed at the broker channel.
The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.
The policy now covers losses from fraud, telephone hacking and ransom.
In an excellent piece in The Times last month was a reference to a suggestion – that renewal invitations should in fact have three prices on them.
2018 started off with a bang with FCA fines and some big ticket M&A involving Markerstudy and A-Plan.
Less capacity to drive up rates as Loyd's syndicates cut back or pull out of PI.
Provider to tackle dual pricing with new home and motor offering.
July, August and September saw highest level of subsidence claims since the record-breaking heatwaves of 2006 and 2003.
Broker looking to replace the MD with a chief operating officer after restructure.
Feedback statement follows on from consultation that closed in March.
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
Brokers warned to prepare for prices to increase by 10%-15% as the provider’s departure causes “ripple effect”.
Stay up to date with the latest people moves.
Thirty-one companies come together with the aim of becoming a formal association in 2019.
Ida Axling and Siân Barton take a look at this week’s headlines.
The product is designed to help customers understand their terrorism risk and will be distributed via brokers.
“Game changing” offering set to go live in mid-January.