Commercial Lines – Page 259
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Close reaffirms credit lines despite global credit squeeze
Premium finance will remain open
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QBE launches on-shore construction account
New account to target worldwide gas and construction risks
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Online onlyCosts add up for Typhoon Wipha
Insured losses will not exceed £124m says risk modelling company
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Saga and AA fire back at GMB
The merged company says claims of 2,000 jobs losses are totallly inaccurate
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AA loses senior management team
Four directors have been replaced by Saga employees as merger is finalized.
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APIL calls for governmnent action on insurance database
Claimant lawyers say EL database needed trace insurance policies
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Countrywide Launches Partner Broker Commercial
The Countrywide network extends its Partner Broker initiative to cover commercial business
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Ellis slams buyers who overpay for brokers
Broker Network chief executive Grant Ellis has hit out at the unrealistically high prices being paid for brokers by consolidators. Ellis said some acquirers were paying over the odds for brokers and demonstrated a lack of rigour when it came to calculating the potential returns. His comments were made as ...
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NewsPI insureds warned to flag up possible claims
?The High Court has warned of the importance of adhering strictly to the notification requirements in professional indemnity (PI) policies and those that cover on a ‘claims-made’ basis.A key feature of all PI policies is that an insured can notify its current insurers when it becomes aware of circumstances that ...
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NewsIndustry calls for action to cut construction death toll
The insurance industry has warned the government that it must be prepared to take tough action against companies which flout health and safety rules, if it is to slash the number of deaths at construction sites. Government officials, the construction industry and trade union representatives met this week to hammer ...
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Insurers win first round in Tesco’s £155m tunnel collapse claime
Defendant insurers have won a preliminary battle against Tesco in its £155m legal battle, relating to the Gerrard’s Cross tunnel collapse. The court narrowed the scope for Tesco to claim back money it paid out to the Chiltern Railways following the collapse of the tunnel in 2005.In a preliminary ...
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NewsAviation rates falling
?The aviation insurance market is continuing to soften despite a sharp increase in premiums last month, Aon said. It warned that if rates continued to fall then capacity could withdraw from the market. The average lead hull and liability premium increased by 9% in August – the first increase for ...
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Engineering rate rise
?Allianz Engineering is calling for broker support as it increases rates. Following sustained reductions over the past few years due in large part to heavy competition, Allianz, which has a third of the engineering market share, said it was looking to raise rates by a minimum of 5%.Neil Clutterbuck, director ...
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Zurich gears up for major SME direct drive
Zurich is set for a major push to sell commercial insurance direct to businesses next year. The insurer has launched its first direct SME product online and plans to roll out a full suite within the next year. It is aiming to grow its SME business sixfold over the next ...
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Online onlyInsurers need to improve on climate change
Andrew Holt finds that some insurers have been slow to act on developing climate change strategies
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AIRMIC publishes updated D&O guide
AIRMIC has updated and republished its guide to Directors’ & Officers’ insuranc
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UK insurers face data threat over floods claims
Few insurers take sufficient measures to ensure that their data can be accurately profiled
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Broker Network see year end profits double
Network plans to expand signficantly over the next eight years.
