Claims – Page 548
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Xbroker changes broker quote system
Xbroker, from Moorhouse Group, plans to add retail to its product portfolio and reengineer the system to better suit brokers' needs. The new retail product, which will be rolled out by the end of the month, will be underwritten by NIG and Zurich. Additionally the Xbroker system now includes the ...
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Brokers may need authorisation, warns DAS
Brokers who refer personal injury claims to local solicitors must now be authorised by the Ministry of Justice (formerly the Department of Constitutional Affairs), according to DAS. From 23 April it became an offence to offer claims management services without prior authorisation, exemption or waiver. Those found operating without ...
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News
Flood benefit call for low income households
The government should extend housing benefit to cover flood risk, a leading industry expert has warned.Professor David Crichton, visiting professor at Benfield UCL Hazard Research Centre, said that flood risk posed the greatest threat to low income households, and urged the insurance industry to put pres-sure on the government ...
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News
Claimsense future in doubt
The future of Claimsense, the claims resolution company, is in doubt after the defection of its technology and claims partner Elision to InterResolve. The news comes less than one year after the company was founded by AXA and Russell Jones & Walker (RJW).Adrian Maurice, chief executive of Elision said ...
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Imarket transactions rocket
Imarket transactions have rocketed by 44% in just a month as new insurers join and an increasing number of products populate the electronic trading portal, the company behind the system has claimed.Transactions have risen from 30,000 in February to 43,000 for March, signalling Imarket's increasing popularity among brokers, according to ...
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Investors to pump £5m into RI3K
Consortium acquires 56% shareholding in trading platform for £8.3m
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News
Sirius buy will make SSP No 1
SSP is to acquire Sirius in a deal that will create a software house bigger than market leader Open GI.The combined enlarged group will have a turnover of roughly £64m, of which around 11% would be overseas business. This compares to Open GI's £33.5m turnover.The Aim listed companies will trade ...
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Insurers must invest in fraud detection technology
Aron Thompson, head of insurance at uSwitch.com, has urged insurers to invest heavily in new technology to investigate fraud effectively...
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C-Zone
PPI for the expert
Payment protection insurance has received much unwanted publicity recently, mainly because of confusion over what it covers. Steve Dutton details the covers provided
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News
DRI data recovery launch
The DRI Group has launched an insurance-backed data recovery package for desktop computer and laptop users with two further products out before the summer.The company claims the product, underwritten by AXA, is the first of its kind. DRI Group said it was aimed at the commercial and personal lines markets. ...
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News
Insurers warn employers on rising workplace deaths
Insurers have warned that smaller construction companies must tighten up their safety records, or face the threat of higher premiums. This follows the release of a study by construction union, Ucatt, which said that deaths on construction sites had risen by 25% over the past year to a total ...
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FSA must hit hard to ensure TCF standards
Which? magazine has urged the Financial Services Authority to come down hard on those companies failing to implement adequate Treating Customers Fairly provisions, following the release of the FSA's report into the progress made by financial companies in implementing processes for TCF. Dominic Lindley, personal finance campaigner, Which?, said: “The ...
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Fraud costing insurers £1.6bn per year, says ABI
Insurance companies are being hit by up to £4m per day as a result of fraudulent claims, according to the latest research conducted by the Association of British Insurers. The ABI study reveals that fraud is costing the insurance industry a massive £1.6bn per year, resulting in an increase of ...
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SSP acquires Sirius
SSP and Sirius have agreed to an acquisition deal valuing Sirius at approximately £43.4m.In the UK, the business will have a presence in the areas of general insurance relating to regional brokers, call centres, small intermediaries, major brokers, underwriting agencies and insurance companies, as well as establish a presence in ...
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DCA consults on damages
The Department for Constitutional Affairs has published a consultation paper proposing changes to parts of the civil law on damages today.The paper sets out various issues relating to the law on damages. In particular, it:· includes recommendations for changes to the Fatal ...
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Over 1,500 properties damaged by Kent earthquake
Biba warns SMEs to implement business plans after freak earthquake hits Kent
