Motor
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.
Thatcham to invest in vehicle safety research
Thatcham has announced it is to invest in vehicle-based research in an attempt to mitigate rising motor insurance claims costs.
Ageas seals Vauxhall deal
Ageas has announced that it is to provide fully branded motor insurance products to Vauxhall’s UK customers over the next five years.
Peter Staddon joins Devitt
Peter Staddon has joined Devitt as broker personal lines executive director, Insurance Age’s sister title Post has learnt.
Add-ons: the next PPI scandal?
OFT’s call for evidence on ancillary products in private motor could uncover wide-spread mis-selling
OFT continues to target private motor over competition concerns
The Office of Fair Trading (OFT) has opened a consultation aimed at addressing competition issues in the private motor market.
A.M. Best warns of need for rate rises
A.M. Best has warned that UK insurers’ ability to subsidise weak accident-year returns with reserve releases has been reduced and called for corrective pricing.
Ellis Clowes targets commercial business with new office
Ellis Clowes & Company has opened a second office, based in Banbury, to operate its commercial division.
Victor Millwell looks to Autoglass
Motorhome specialist insurance broker Victor Millwell has appointed Autoglass as its preferred supplier.
Judge accuses RSA firm of fabricating repair costs
RSA has been accused by a county court judge of artificially inflating repair costs charged to other insurers.
Pair jailed for £2m 'crash for cash' scam
Two brothers who benefited by almost £1m each from 'crash for cash' scams have been jailed for a combined period of 11 years.
NBJ expands lines in wholesale business drive
NBJ UK has launched a revamped London Markets division aimed at expanding and diversifying its wholesale business.
Jubilee expands underwriting capabilities
Jubilee has expanded its affinity and special risks team with the appointment of Philip Pearce as underwriter.
Broker motor market policies slip to 33%
Research by Defaqto has revealed that the number of motor policies available via the intermediary channel has fallen to 33% with direct products dominating the sector.
Insurers call for full implementation of Jackson
While Zurich and Aviva have welcomed the move to ban referral fees, both insurers said it needed to be part of a wider set of reforms.
ABI demands clean up of compensation system
The Association of British Insurers (ABI) has made an urgent call for the reform of the compensation system.
Ban on referral fees is not the only answer says Biba
The British Insurance Brokers’ Association (Biba) has voiced strong concerns about the government's announcement of a ban on referral fees for the selling on of personal injury details.
Biba questions duplication in OFT inquiry
The British Insurance Brokers’ Association (Biba) has welcomed the announcement of an Office of Fair Trading (OFT) inquiry, particularly regarding comparison sites, but added it did risk going over old ground.
ABI keen to engage with OFT motor inquiry
The Association of British Insurers (ABI) has described the Office of Fair Trading’s (OFT) announcement of an inquiry into the cost of motor insurance as an opportunity to highlight the increasing cost pressures insurers’ face.
Motor market faces OFT investigation
The Office of Fair Trading (OFT) has launched an investigation into the private motor market following the sharp increase in premiums over the last 12 months.
IIL links up with CDL to fight fraud
CDL has confirmed that it is working with data provider Insurance Initiatives Limited (IIL) to launch an enriched data service, designed to aid accurate policy pricing by verifying consumer data.
Products: Lexelle fuels market with expanded range
Wholesale broker Lexelle has launched a range of new products to help brokers meet customer demand.