Personal injury (PI)
RSA motor claims chief leaves post after 18-year stint
Ian Thompson has stepped down from his role as personal motor claims director at RSA.
Assurant extends product range to legal expenses
Assurant Intermediary has launched a new legal expenses policy.
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.
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.
Personal injury exposures could lead to insurer downgrades
“This will have a tremendous financial impact – just how tremendous and when it will impact is uncertain” David Williams, Axa
Referral fee ban lacks definition and will "damage access to justice"
The LASPO Bill represents “a litany of missed opportunities for the personal injury system” according to John Spencer, director of Spencers Solicitors.
Young women drivers face premium hikes of 25% in 2013 warns AA
Average motor premiums fell in the first quarter of 2012 but rose for young women drivers, according to figures from the AA.
General insurers face credit downgrade over personal injury claims
Ratings agency Moody’s has warned the increase in periodical payment orders (PPO) will be credit negative for general insurers with exposures to personal injury claims.
One in ten young professionals take out no insurance
One in ten young professionals would rather “take the risk” than spend money on insurance, a new study has revealed.
UK insurance will have to go east to maintain dominance
The UK insurance industry will have to go east in the future if it wishes to retain its global pre-eminence.
Admiral delivers "disappointing" results despite hike in profits
Admiral has delivered a 13% increase in profits to £299m in 2011, a result its chief executive described as disappointing.
The Broker Business Club: Meeting of minds
Insurance Age has once again teamed up with Zurich Insurance to hold a series of Broker Business Clubs where some of the most influential insurers, brokers and stakeholders address and tackle the issues that matter to the modern insurance market. The…
LV doubles insurance profits as COR improves
LV has reported a doubling in general insurance profits before tax to £70m in 2011 from £35m the previous year.
Axa UK optimistic following 2011 results
Axa UK has reported a combined operating ratio of 98.9% for 2011, an improvement of 6.4% on 2010.
Industry agrees to reduce premiums if government action cuts legal costs
The government has made a commitment to tackle the country’s growing compensation culture, reduce legal costs and cut health and safety red tape in return for the insurance industry’s assurance that it will pass any resultant savings on to consumers.
PM to challenge industry to reduce cost of motor premiums
David Cameron will host a summit with insurance industry representatives, consumer bodies and business groups in a bid to bring down the cost of insurance premiums and tackle the country's growing compensation culture.
Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.
Quindell adds to insurance business with Ai Claims deal
Quindell Portfolio, a software outsourcing specialist, has acquired 29.9% of Ai Claims Solutions.
Marketform boss steps down
Simon Turner has stepped down as a director and CEO of Marketform Managing Agency, and as director of Marketform.
Ireland's Injuries Board sets good example
The UK should look to Ireland for a lesson on tackling the problem of increasing insurance premiums, according to Catherine Barton, partner in the insurance team at Ernst & Young.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Cameron's attack on H&S culture challenged by legal sector
David Cameron has vowed to “wage war” against the health and safety culture in Britain.
