What is there to complain about this week?
In sickness and in health
UK SMEs are more worried about the cost of compliance with health and safety regulations than their counterparts elsewhere in the world, according to a new survey. The AXA Small Business Report shows that 50% of UK SMEs think that health and safety legislation will have an impact on their companies.
U-turn in Bent case
Allianz has lost its long-running court case against Darren Bent over the hire of an Aston Martin DB9 from credit hire company Accident Exchange after an accident in February 2007. The Court of Appeal overturned an earlier court ruling on 11 February, allowing Bent to recover £55,719.81 from Allianz.
Further steep increases in motor insurance rates could be “desperately dangerous for our industry”, according to AXA UK chief executive Paul Evans. He expressed concern that recent premium hikes have increased political pressure on motor insurers.
FSA head of retail enforcement Tom Spender has told Insurance Times that the City watchdog is urging insurers to whistleblow on brokers that they suspect are fraudulent.
Another fine mess
The average fine awarded by courts in England and Wales to people caught driving without insurance is £200, according to new figures released by justice minister Crispin Blunt in the House of Commons. The lowest average figure was in Durham, at £150.