Latest News – Page 1939
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News
R&SA faces £1m bill in DAS case
A Court of Appeal ruling could put a stop to frivolous lawsuits over insurers refusing to pay car hire claims, according to DAS Legal Expenses.Royal & SunAlliance (R&SA) stands to pay legal costs in the region of £1m following a long-running dispute with DAS over the insurer’s refusal to ...
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Towergate planning swoop on Allen & Allen
Towergate is understood to be in discussions to buy motor specialist broker Allen & Allen. It is believed that the discussions for the acquisition of the Middlesex-based broker are at an early stage. The group, which specialises in non-standard motor insurance, has an annual premium income of more than ...
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Mortgage fraud could force out insurers
An alarming increase in claims against solicitors, linked to mortgage frauds, could have a destructive impact on the solicitors’ professional indemnity (PI) market, experts warned this week. Insurers have reported an unexpectedly high number of claims notifications, suggesting mortgage fraud against solicitors. Large scale claims would be another ...
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Commercial rates set to rise by up to 10%
Norwich Union (NU) and AXA are set to increase commercial lines rates by as much as 10% from 1 November. The rises will apply across a broad range of commercial classes, including property and fleet, and could signify the beginning of a hard market. AXA said it would be introducing ...
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Fortis targets aggregator market after acquisition
Strategy will initially focus on private motor business, before moving to household insurance
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Online onlyABI blasts government over flood defence spending
Association says government has failed to grasp importance of improving Britian's flood defence
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ABI in bid to increase financial inclusion
The ABI has unveiled its financial inclusion plan, together with research on insurance take-up in low income households
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AA: downwards trend in home insurance premiums ends
AA Index says the falling trend in home insurance premiums has come to an abrupt end
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Outsourcing provider EMR targets UK expansion
Move follows acquisition of Rubicon in May
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Online onlyMotor bodily injury claims rise to over £2bn per year
Research shows continuing claims inflation despite fall in deaths and injuries
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Direct Line launches buy to let insurance
Cover is the first of several commercial products to be rolled out this month
