Legal costs check
Brokers must check the credentials of both after-the-event and before-the-event insurers, Arc Legal Assistance has warned.
The company said it hadcreated a checklis …
Legal costs checkBrokers must check the credentials of both after-the-event and before-the-event insurers, Arc Legal Assistance has warned.The company said it hadcreated a checklist to help brokers identify the most important areas to review when looking for a legal costs insurance partner.(First published on 2 July.)
Killing law warningUnder the new corporate killing law, small businesses are equally as likely to be brought to trial as larger corporations, Norwich Union has warned.The new offence of corporate killing will allow a company to be sued without first needing to establish the guilt of an individual.(First published on 2 July.)
Uninsured concernThe majority of drivers in the UK are concerned about the number of uninsured motorists on the road, according to research from Royal & SunAlliance (R&SA).Its survey revealed that 97% of respondents urged the government to tackle the problem of the one million uninsured drivers in the UK.R&SA said its research also revealed that motorists would like to see stricter punishments for uninsured drivers.(First published on 2 July.)
Direct threatAgency Underwriting Ltd (AUL) has warned insurers who have decided to turn to the direct route instead of going through broker channels that they will face trouble when looking for new business.AUL managing director Richard Lamberth said many direct insurers ignored the experience and knowledge of intermediaries.(First published on 2 July.)Read it first on www.insurancetimes.co.uk