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Short stories from the insurance industry

David Wheatley cited an example of possible declining standards at insurance company call centres. W...

David Wheatley cited an example of possible declining standards at insurance company call centres. When trying to obtain a quote for a motorcyclist's trip to Australia, he was asked: "Is Australia in the EEC?" Perhaps a geography section needs to be included in the next set of insurance exams.

Paul Dyer has achieved two of his ambitions within a very short space of time - one, to gain coverage in The Times and, two, to incorporate the word 'sexy' into a speech about insurance. The Times was covering Peter Cullum's win of the Ernst & Young London Entrepreneur of the Year Award for 2005, and he goes on to represent the UK in Monte Carlo.

Cunningham Lindsey recently came across a case where, after a fire under the stairs caused the occupants to leave tout de suite, it turned out the house was a cannabis farm, with contents worth around £30,000. Cunningham reported: "The house had been specifically adapted to provide optimum conditions for the plants. Polythene lined the floors, tinfoil lined the walls. Additional unmetered power supplies had even been installed."

Charlie Whitfield has said he is happy to answer office e-mails on his BlackBerry while on holiday. Overheard wonders if he saves on postcards by using the device.

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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