Motor insurer Highway will allow policies to lapse if brokers fail to get in touch with the insurer within the month before renewal is due.
Highway said the move was a result of the increasing pressure on motor insurers since the launch of the motor insurance database (MID).
Highway technical underwriting manager David Murray warned brokers: “The simple fact is that we cannot comply with our new obligations unless brokers get information to us in a timely fashion.
“This could mean we will have to stop trading with brokers who cause us to fail in our compliance.”
Motor insurers face potential fines of up to £75,000 if they fail to comply with MID standards.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
