What is there to complain about this week?
And on, and on …
There’s still a mountain to climb before the industry is ready for Solvency II, says Towers Watson. There’s no time for another test – but there are “so many issues outstanding and time to sort them is running out fast”, says director Colin Murray.
Bored of fraud
They’re at it again – this time with fraudulent websites claiming to sell no-claims-bonus certificates. The ABI and Insurance Fraud Bureau slammed the explosion of the sites.
It just got a whole lot harder to hire expert witnesses, following a Supreme Court ruling that they will no longer be immune from legal action for negligence.
There’s no stopping Admiral. As the rest of the motor market fights for its life, analysts tip the mono-line motor insurer to be overtaking Direct Line as the UK’s number one by 2015.
Re rates on the rise
Reinsurance rates are set to rise, say analysts, with total insured losses from the Japan earthquake coming in between $20bn (£12.3bn) and $45bn. But hikes aren’t expected to reach the post-Katrina levels of 2005.