Personal injury (PI)
How to… sell personal accident cover
▶ There is a common misconception that personal accident (PA) cover is difficult to sell and administer – this is not the case. It is incredibly flexible – there are no rules about the number of employees or size of premium and the benefits can be…
Slow down in car insurance price rises
The average price of a comprehensive car insurance policy rose by 2.7% in the second quarter of 2011, according to the Confused.com and Towers Watson Car Insurance Price Index.
Moody's: Axa's referral fee stance could benefit the sector
Axa’s recent decision to no longer accept personal injury referral fees could benefit the sector as a whole according to credit ratings firm Moody’s.
Update: Axa stands alone in its voluntary ban on referral fees
Insurers have said they are not prepared to follow Axa’s lead in the banning of referral fees for personal injury.
Axa turns its back on referral fees
Axa has made the decision to no longer accept referral fees from personal injury lawyers and has called for whiplash injury reform to eliminate fraud within the industry.
Solicitor responds to Jack Straw on referral fees
Des Collins, senior partner of Collins Solicitors, has welcomed Jack Straw’s comments on the need to clamp down on claims management companies and ban referral fees.
Escalating claims decimating UK motor results, says Towers Watson
New figures from the Institute and Faculty of Actuaries have revealed that one in four UK third party motor claims involves a bodily injury element.
Government says yes to referral fees
As part of its new Justice Bill, unveiled today, the government has confirmed its intention to spare referral fees.
LV increases Ipswich presence
LV has announced the expansion of its current operation in Ipswich which deals with car insurance queries within the general insurance business.
Industry reacts to referral fee report
Lawyers and insurers have slammed the recommendation by the Legal Services Board (LSB) to retain referral fees in the personal injury marketplace.
Personal injury costs to approach £10bn, report says
Costs faced by the personal injury insurance industry are likely to rise from £8.4bn in 2010 to £9.7bn by 2014 driven by the growth in the number of motor personal injury claims according to a report by Datamonitor.
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Regional round table - Bournemouth: Fraud focus
Our expert panel discusses how the Insurance Fraud Register and other developments in the market will impact brokers' attitude to fraud. Liz McMahon reports.
Select Committee polarises opinion
Results of inquiry into motor insurance costs backed by Biba – but ABI brands it a missed opportunity.
Man dealt one year prison sentence for personal injury fraud
A man who submitted an inflated £1.35m claim for damages for injuries in a car crash has been sentenced to one year’s imprisonment after the courts found him guilty of contempt of court.
Groupama backs calls to abolish referral fees
Groupama Insurances has lent its support to demands for the complete abolition of referral fees for personal injury claims.
Macmillan Sheikh launches security industry scheme
Macmillan Sheikh has launched its first scheme to provide a broad range of insurances to the security industry.
ABI calls for ban on referral fees
The Association of British Insurers (ABI) has responded to the publication of the House of Commons Transport Committee report into the cost of motor insurance, labelling it a missed opportunity.
Opinion - accident management: a case of double standards
Clare Ryder tackles two topics that have been the subject of debate recently - deskilling and insurer use of accident management
Profile - Henry Engelhardt: Admiral of the fleet
Henry Engelhardt was at the bow when the Admiral ship first set sail and he led the company onto the stock exchange when it floated in 2004. Emmanuel Kenning talks to the CEO about claims, pricing and the source of great market envy - the provider's COR.
ABI appeals to MoJ to cut consumer legal costs
The Association of British Insurers (ABI) has called for reform of Britain’s civil litigation system, after claiming that millions of consumers are losing out as a result of the high legal costs involved in dealing with personal injury claims.
Motorists happy to misrepresent to obtain cheaper car insurance
Research from the Association of British Insurers (ABI) has revealed that the majority of motorists are prepared to misrepresent a risk to get cheaper car insurance.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.