Motor
Claims companies shoulder blame for high motor insurance
More than 50% of UK drivers blame the cost of motor insurance on claims companies and injury lawyers, according to a survey published today.
Brightside turns to Holman as Banks quits
Brightside has confirmed that chief executive officer Arron Banks has resigned from the broker and will be replaced by Martyn Holman.
Equity rolls out mini fleet product
Equity Red Star has launched SME Protect, a mini fleet product targeting family run businesses and small enterprises operating fleets with two to ten cars or commercial vehicles.
Queen honours philanthropy of Carole Nash founder
Carole Nash, founder of the eponymous motorbike insurance specialist, has been awarded an OBE for her philanthropy in the Queen’s birthday honours list.
New HNW provider targets broker market
Aurum Underwriting which writes high net worth (HNW) and specialist vehicle cover through intermediaries has begun trading with brokers ahead of a full UK roll-out later this year.
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.
NIG reveals profits in 2011 results
NIG has revealed that it made a profit after tax of £47.3m in the year to 31 December 2011, a reversal of the £78.8m the provider lost in 2010.
ABI backs Equality Act exemption
The Association of British Insurers (ABI) has welcomed confirmation from the Home Office that the incoming Equality Act will not apply to financial services.
Travelers and Esure in talks over potential deal
Travelers has been holding preliminary talks about buying a stake in Esure.
HDI-Gerling revs up for UK motor fleet market
HDI-Gerling is expanding its product range to enter the UK motor fleet market.
MP slams medics assisting in false whiplash claims
Bradford East MP David Ward has stated the medical profession “must accept its role” in insurance fraud following reports that doctors are receiving payments to assist with false whiplash claims.
Direct Line enters telematics market
Direct Line is offering telematics products to customers following a pilot with sister firm Tracker.
Fitch hails OFT decision to refer motor market to Competition Commission
Fitch Ratings has welcomed the Office of Fair Trading’s (OFT) provisional decision to refer the private motor insurance market to the Competition Commission.
OFT competition decision on motor market divides opinion
The news that the Office of Fair Trading (OFT) is considering referring the private motor insurance market to the Competition Commission has been met with a range of different reactions.
"Dysfunctional" motor market referred to Competition Commission
The Office of Fair Trading (OFT) has provisionally decided to refer the private motor insurance market to the Competition Commission.
Insurers losing customers due to poor websites, study finds
UK home and motor insurers could be losing potential customers by providing a poor online user experience, according to research from Global Reviews.
Admiral's shares overvalued according to asset management firm
Asset management firm Investec has delivered a withering report on the value of Admiral’s shares advising investors to sell and describing the value of the shares as the “epoch of incredulity”.
Ageas looks to Groupama for new household underwriting chief
Ageas has appointed Groupama’s head of household as its new head of household underwriting.
Three arrests in Liverpool over cash for crash fraud
Three people have been arrested in Liverpool as part of an on-going investigation into a suspected cash for crash fraud operation estimated to be worth more than £1m.
UK motor insurance industry COR improves to 106%
UK motor insurers reported a net combined ratio of 106% as the market grew by 10% to reach £14bn in premiums in 2011, according to figures from Deloitte.
Record number of complaints to Ombudsman as PPI continues to dominate
The Financial Ombudsman Service has received a record number of complaints for the fifth year in a row as complaints about the selling of payment protection insurance (PPI) continue to pour in.
Aviva boosts motor fleet team in the North West
Aviva has appointed Andrew Howell as a motor fleet development underwriter.
Ageas commercial COR improves to 104.1%
Ageas UK has revealed that its commercial business produced a combined operating ratio of 104.1% for the first three months of 2012.
Groupama wins place on Sky Insurance panel
Groupama Insurances has signed a deal with Sky Insurance Services to provide cover for modified, prestige and performance cars.