All Insurance Times articles in Issue 22-11-2007 – Page 2
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News
Kiln chief urges Lloyd’s to tackle sub-prime fall-out
Lloyd’s insurers should develop products to cope with the sub-prime fall-out, Kiln chief executive Edward Creasy said this week.Speaking at Lloyd’s, Creasy said the credit squeeze resulting from the crisis could lead to a lack of credit facilities for risk managers. He added that Lloyd’s should provide the answer to ...
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Backchat
Insurers fear crash claims are too dear
The humble deer is causing insurers a bit of a headache, it seems, hitting them where it hurts – the wallet.Vehicle insurance claims following collisions with deer are costing insurers more than £21m a year, according to Autonational Rescue, the breakdown service.As many as 75,000 deer are struck by cars ...
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Features
D&O under the cosh
Bad US home loans have spawned a labyrinth of business losses, leaving insurers facing a potential bill of $3bn. James Dean explains
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News
Motor market losses will increase, says Deloitte
The UK private motor market will fall further into the red in 2007, despite sustained rate increases during the year, according to Deloitte.The professional services firm said in a report that the motor market’s underlying loss would drop further from its 2006 performance before improving slightly in 2008, although still ...
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News
IIB seeks to put pressure on FSA over disclosure
The IIB is to urge the Treasury to intervene over the FSA’s investigation into commission transparency. The trade body is gearing up to tackle Treasury officials and MPs at the IIB’s annual reception at the House of Commons next month.The institute’s directors were hoping to further their argument that mandatory ...
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Backchat
Lloyd’s opens its (toilet) doors
Rumours that levels of run-off are getting out of hand intensified last week after a water main on Lime Street unexpectedly burst.The event wreaked havoc when managing agent Cathedral was forced to unceremoniously evacuate its hallowed premises. Staff at Xchanging also lost water in its building. Luckily the good folks ...
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News
Motor e-certificates set to be implemented
New legislation is being drafted that will allow the electronic delivery of motor insurance certificates, which could save the industry up to £10m per year. Though the industry has welcomed the move, Biba has raised concerns over the speed of its implementation, and has called for the legislation to be ...
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Features
Landlords need to invest in insurance expertise
Property insurance has received a boost from the buy-to-let sector where brokers can help landlords benefit from their investments. Caroline Jordan explains
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News Analysis
Insuring the twilight years
As the population of the UK ages, more insurance companies are targeting the older consumer. But are they offering a fair deal? Michael Faulkner reports
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News
Iprism signs second network
Online SME comparative quote facility Iprism has signed its second broker network 1 Answer Network two weeks after announcing its first network tie-up with UKGI.Iprism said it was currently in discussion with other potential network partners, with further announcements expected in the New Year.The deal with 1 Answer Network allows ...
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Features
Motor safety issues
Insurers have a role to play in helping to cut the death toll on UK roads. Sarah Kennedy reports from the ABI motor conference
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News
Property risk losses predicted
Underwriters of UK property risks will make a significant loss in 2007, ending a four-year run of profitability, ratings agency Standard & Poor’s (S&P) predicted.This year’s three large weather events could add more than 30 percentage points to the UK’s property gross loss ratio for 2007, and 10 percentage points ...
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News
Web news
Homeserve restructureHomeserve ruled out job cuts following a major company restructuring. The emergency repair and home insurance company said it would centralise its business by pulling together all support services, including HR and marketing, into one department, allowing managers to focus exclusively on operations. First published 14 NovemberAcademy in Open ...
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Features
Tackling road safety
In a speech to the conference, minister for transport Jim Fitzpatrick outlined how the government plans to make Britain’s roads safer
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