News
SRA issues ABS guidance ahead of 2012 licences
The Solicitors Regulation Authority (SRA) has published a guide to help prospective owners of alternative business structures (ABS) understand what steps they will need to take to earn an operating licence.
Brokers suing clients over contested complaints could breach TCF
Brokers that sue clients for complaining could be in breach of Treating Customer Fairly (TCF) principles.
CCV-owned Motaquote shuts half of its offices
Motaquote has closed seven offices in South Wales as a result of the economic downturn with the affected branches being Mountain Ash, Treorchy, Cwmbran, Neath, Ebbw Vale, Risca and Aberdare.
Survey warns on toxic lack of trust
A survey of 1,000 people across the country by Constructaquote.com has found that 42% of employees do not feel secure in their jobs.
Network Spotlight day 12: Smith explains the changes at Westinsure
Mike Smith managing director of Ink Insurance, owners of Westinsure, looks back at the first year in charge post acquisition and claims that other networks put shackles on brokers to stop them from trading in an independent way.
Updated: mixed insurer riot claims notifications risk causing confusion
Insurers have failed to adopt a blanket policy on increasing their claims notification period following the government’s decision to extend the notification deadline to 42 days under the Riot (Damages) Act.
PPI mis-selling crisis strikes Ireland
The Irish Central Bank has launched an investigation into the mis-selling of payment protection insurance on loans.
Pet insurance study reveals £2.5bn of premium potential
Defaqto has estimated that with 48% of dogs and 69% of cats uninsured in the UK, the pet insurance sector offers providers a potential £2.5bn in untapped premiums.
Cadogan Keelan Westall taps into auction market
Cadogan Keelan Westall has joined forces with Network Auctions to offer buyers cover within minutes of the hammer falling.
Marsh's new PI offering targets cover issues for small law firms
As another challenging renewal season for solicitors’ professional indemnity (PI) approaches, Marsh has launched a service designed to cater for smaller practices.
Trimble warns businesses of grey fleet danger
A survey by Trimble has revealed that 60% of business drivers are unaware that they need to insure their car for business travel if they drive their own vehicle on behalf of their company.
Network Spotlight day 11: Willis’ Fardon foresees imminent network mergers
Sara Fardon, managing director of Willis Networks, claims in the penultimate interview for Network Spotlight that 43% of brokers are part of a network or a club and that weaker networks could fold within a year.
Victor Millwell unveils Aviva Direct deal for motorhomes
Victor Millwell has bought the rights to new policies and renewals for Aviva Direct business on motorhomes.
Riot victims need claims deadline certainty, says Biba
The British Insurance Brokers' Association (Biba) has urged insurers to provide a clear message on the claims notification deadline for riot victims.
Allianz partners with Fix Auto UK
Allianz Insurance has revealed that it has partnered with Fix Auto UK for its national accident repair services.
SRA to close ARP loophole
The Solicitors’ Regulation Authority (SRA) has confirmed it is to amend parts of the Qualifying Insurer's Agreement (QIA) 2011.
Insurance companies best of a bad bunch in FSA's complaints framework
Only 51% of insurance companies have nominated an executive responsible for complaints according to research for software firm, Charter UK.
Amlin teams up with BJP to launch GP scheme
Amlin UK, in conjunction with insurance broker BJP, has launched a new scheme dedicated to providing Employers’ and Public Liability (PL) cover to GP surgeries in the UK.
Nationwide enters short term IP market
Nationwide has become the latest provider to launch a short term income protection (IP) product as an alternative to payment protection insurance (PPI).
CCV director takes on legal head role at Towergate
Towergate Insurance has appointed Sam Clark to the role of head of legal and secretariat.
Network Spotlight day 10: Momentum’s Pepper warns networks
Howard Pepper, managing director of Momentum, tells the audience that networks need to provide a much broader range of support services to their members in his interview for day 10 of the Network Spotlight series.
Zurich extends claim notification period to 30 days
Zurich has increased its notification period for property insurance policyholders from seven to 30 days, where a condition exists on policies for the reporting of riot claims.
Torrance says legal protection business must change
Allianz UK’s chief executive, Andrew Torrance, has confirmed that the insurer’s legal protection business will have to change “significantly” as he reported flat profit levels in the first half of the year despite a £50m increase in gross written…
Insurance Age blog: Why can't banks leave insurance to the experts?
Personally I am quite grateful to banks and the practice of conditional lending. If banks hadn't been doing this and luring small commercial clients away from brokers then I wouldn't have written a story late last year exposing the whole grubby little…