Legal
JLT warns against two-year solicitors’ PI deals
With the deadline for solicitors’ professional indemnity insurance (PI) only six weeks away JLT partner Mike Perry has warned that locking into a 24-month deal seems foolhardy.
AA warns fight is still on to crack down on uninsured drivers
AA Insurance has welcomed the seizure of the UK's millionth uninsured vehicle this morning - but warned the fight is still on to crack down on uninsured drivers.
Millionth uninsured vehicle to be taken off road
The Motor Insurance Bureau (MIB) has predicted that police in Birmingham will today seize the millionth uninsured vehicle in the UK as part of an operation to disrupt criminal activity.
Stobart Group eyes up broking venture
Logistics business the Stobart Group is reportedly planning to venture into the insurance broking market.
Quinn Insurance bill could rise to €1.65bn
The estimated bill for the administration of Quinn Insurance has risen to €1.65bn (£1.3bn), administrators appointed to the insurer have told the High Court in Dublin.
MIB chief criticises Arsenal star for driving offence
Ashton West, chief executive at the Motor Insurers’ Bureau, has hit out at Arsenal star Nicklas Bendtner for setting a bad example by driving without insurance.
Arsenal footballer fined for driving without insurance
Arsenal striker Nicklas Bendtner has been fined almost £5,000 for driving without a licence and insurance.
Prime Professions reveals PI tie-up with Axis Speciality
Prime Professions has teamed up with Axis Speciality to offer private indemnity (PI) insurance to sole practitioners and small firms.
Beazley pairs with Logica to launch cyber-security cover
Beazley has partnered with Logica to launch a new form of cyber-security insurance.
Lawyers highlight impact of IMD on aggregators
Law firm Norton Rose has claimed that aggregators, claims managers and loss adjustors will be most heavily impacted by the changes proposed in the new text of the Insurance Mediation Directive II.
Abbey Legal's online quote system goes live
Abbey Legal Protection (ALP) has launched its new online quote system (OQS).
Assurant extends product range to legal expenses
Assurant Intermediary has launched a new legal expenses policy.
Motor will not return to profit until at least 2014, says Ernst & Young
The motor insurance market will not make a profit in 2012 or 2013 despite a significant profitability improvement in 2011, according to Ernst & Young.
Law Society aims to garner broker support for PII reform
The Law Society is looking to garner support from brokers and insurers for the use of its professional indemnity insurance (PII) composite proposal form.
Quinn faces 'punitive' action over contempt ruling
A judge has told Seán Quinn it would be difficult to persuade her against enforcing ‘punitive’ action against him, after he was found in contempt of court for putting assets beyond the reach of the former Anglo-Irish Bank.
Allianz warns that RSA judgment could push motor costs higher
Allianz has warned that a High Court decision on the RSA repair model could add 25% to motor repair bills.
Gable launches new ATE product range
Gable Holdings has unveiled a new range of After the Event (ATE) insurance programmes for the UK.
Social media-related risks could offer new market says CII
Social media-savvy young people could represent an emerging market for online risk insurance cover, according to research conducted by the Chartered Insurance Institute (CII).
Scottish footballer cleared of £94,000 fraud allegations
Scotland footballer Garry O’Connor has been cleared of attempting to defraud Aviva, his insurance company.
New network to launch in July
Specialist personal injury law firm New Law has confirmed that NL24, a new network for brokers, will be launched operationally in mid-July.
FSA approval times increasing
The amount of time taken by the Financial Services Authority (FSA) to approve new firms has risen for the third consecutive quarter.
Insurers behaving in 'morally repugnant' fashion over PI auctions
A solicitor’s firm has branded the practice of auctioning books of personal injury claims morally repugnant and bankrupt.
Health and Safety: All about the money
Facing a huge cut in its budget, the Health and Safety Executive is preparing to claw back the shortfall. But plans to charge fees for interventions have met with a mixed response.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.