Motor
Claims farming clampdown needed to cut motor costs
The insurance industry must tackle the ongoing rise in claims farming in order to reduce overall motor claims costs, according to a recent report issued by Defaqto.
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.
LV reaps benefits of below average motor rate increases
LV has increased motor rates by 25% but its general insurance managing director John O'Roarke said that it has still been possible to write profitable business.
LV sees broker business soar by over 50%
LV’s results for the six months ending 30 June 2010 have revealed a 56% increase to £300.6m (H1 2009: £193.1m) in broker business.
Fraud blamed for record motor premium rise
Fraud is pushing car insurance premiums up faster than ever, according to AA Insurance.
Arista boosts Bristol team with hires from Chartis, NIG and Axa
Commercial lines underwriting specialist Arista Insurance has made three appointments to further strengthen its Bristol office.
Broking Success - Macbeth: Laser-focused on service
Emmanuel Kenning meets the managing director at Macbeth Insurance Brokers, who is aiming to blend the best service of the past with the technology of the future.
Ecclesiastical reports interim losses
Ecclesiastical has announced a loss of £9.9m in the first half of 2010. The figure is in stark contrast to the same period in 2009 when the insurer made a profit of £25.7m.
MP banned after driving without insurance
Bolton South East MP Yasmin Qureshi has been banned from driving for six months after being caught using her mobile phone while driving without insurance, according to the BBC.
Allianz's half year results show GWP rise but profits drop
As part of Allianz’s half year results CEO Andrew Torrance has promised further double digit rate increases in private motor and said there was a “prospect of underwriting profit” in this area in 2011.
Lucas Fettes launches motor trade scheme for classic car market
Lucas Fettes has launched a new bespoke classic car scheme for the motor trade underwritten by Brit Insurance.
Report: motor insurance at a "crossroads"
Insurers need to change their marketing message in the personal motor market, research in the sector has revealed.
Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
McMillan claims fall in Aviva's GI results is due to reserves
Speaking to Insurance Age, UK general insurance CEO David McMillan said the dip in Aviva’s UK general insurance and health underwriting results and operating profit was impacted by the insurer’s decision to release less reserves.
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Four men sentenced for role in claims fraud
Two men have been sentenced to a total of 30 month’s imprisonment for defrauding insurance companies as part of Operation Flash, a joint effort between the Insurance Fraud Bureau (IFB) and Lancashire Constabulary.
Carbon Offsetting: Carbon offsetting in vogue
It is impossible to avoid emitting carbon, so paying someone else to make a carbon saving is an increasingly popular choice.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
E-commerce: RSA launches e-trading service for brokers
RSA has launched a new e-trading service for brokers as part of its bid to become a top three player in the small to medium-sized enterprise (SME) arena.
Aviva enhances motor trade offerings
Aviva has made enhancements to its motor trade offering and commercial combined policies.
Liberty Syndicates in motor market drive
Liberty Syndicates Management, a member of Liberty Mutual Group, is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Defaqto finds only 21% of fully comp motor policies cover ULR
After analysing 223 comprehensive motor insurance policies, Defaqto has found insurers significantly vary in their approach to uninsured loss recovery (ULR).
Polly C - the hottest insurance gossip
Since RSA began celebrating its 300th birthday, Polly has attended several of its soirees where its commemorative beer, brewed by Shepherd Neame, has been in copious supply. It was no different when she attended its launch of RSA online at the British…
News review: July 2010
A review of July's industry news.