Latest News – Page 1965
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Legal indemnity insurer launches property products
Titlesolv.com covers aimed at property owners and mortgage lenders
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News
Commercial market set to harden in flood wake
Senior industry figures predict rate increases across many lines of commercial business in coming months
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News
ABC follows new Sheffield office with two in South
ABC Insurance, LV’s broker distribution arm, is to follow the opening of an office in Sheffield with two branches in the South of England. Phil Bunker, head of ABC, said plans were underway to open two additional offices in Bristol and Bournemouth by the end of 2008.Bunker admitted it ...
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News
Rehab code sets time frame
A revised version of a code of practice to promote rehabilitation in the claims process has been drawn up. The rehabilitation code aims to encourage insurers and personal injury lawyers to work together to consider the needs of the claimant at an early stage. A key element of ...
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News AnalysisThe great credit crunch
Private equity M&A deals in the insurance sector are threatened by lack of funding. Tom Gifford explains why.
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Comments/Letters
AXA slammed over broker jibe (31 July)
Biba raised this letter with AXA at the highest level, some weeks ago, and has received an unreserved apology. The letter was inappropriate, inaccurate and damaging to its intermediary division. AXA is not the only large composite insurer with direct and intermediated divisions that has engaged with inappropriate marketing in ...
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Comments/Letters
AXA slammed over broker jibe (31 July)
As a small broker I am seriously thinking about moving my AXA account.Several insurers would jump at the chance to take the account.If it [AXA] is not buying brokers it is slating them.Dave Hall
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Comments/Letters
Lloyds TSB announces package for flood victims (31 July)
About time this happened. Surely there is more the companies can do for the victims.John Blythe
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Comments/Letters
Brokers must raise the professional stakes (2 August)
On behalf of Biba, I am very disappointed with the quality of this article and will restrict myself here to a few key comments: 1. The inference that intermediaries are unprofessional does the Biba membership and Insurance Times readership a huge disservice. 2. Brokers are working hard to ensure ...
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Comments/Letters
Biba slams insurers for increasing property premiums (3 August)
Are you talking about the same government that allowed the flood defences to deteriorate? Let’s not even talk about bridges. I am sure the US is not the only country that has allowed its bridges to become dangerous.If I were an insurer I would not be insuring a local government ...
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Backchat
Calm down dear, it’s only a map
Another summer survey, this time from insurer esure – and this one reveals the UK public to be a nation of idiots. Apparently, 35% of motorists cannot read a basic road map, while a third of car drivers struggled to read a four-figure grid reference. Moreover, a staggering 83% failed ...
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Backchat
Wigmore bonds with Craig
Backchat continues to move in ever more illustrious circles. While sipping greedily on a martini, spies learned that the insurance industry’s king of cool, Andy Wigmore, has bought the house of none other than incumbent James Bond, Daniel Craig. It is rumoured that the uber-suave policy adviser to the Claims ...
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Backchat
Truth about lies revealed
Insurers will not be overjoyed to see the results of a survey by Royal & SunAlliance revealing the UK to be a nation of liars. Forty five per cent said they would lie to their boss, while 43% would tell porkies to a neighbour, and 41% were prepared to tell ...
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Backchat
The future of claims
Norwich Union used to insure nearly every motorbike in Britain. Then it pulled out of the market. Then it came back in again. But it has outsourced to India and bikers in the UK are having some bizarre experiences. One two-wheeled adventurer was recently unfortunate enough to discover that a ...
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News
Web news…
Oxygen’s property launchOxygen Insurance Managers launched a UK and Ireland property business, to be headed by Richard Wise, the former managing director of Alec Finch. The business, which will work in the Lloyd's market, will be led by Hardy Syndicate 382. First published 3 AugustHighway exits Lloyd’sHighway Insurance Holdings obtained ...
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News
CCV buys Ajax to near GWP goal
Cullum Capital Ventures is another step closer to reach-ing its 2007 target of controlling £100m of gross written premium (GWP), following its latest acquisition of Liverpool–based Ajax Insurance Brokers.With a GWP of £3m, Ajax Insurance Brokers is CCV’s 14th acquisition, taking the company to over £70m in annual premiums. ...
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News
Flooding hits HBOS profits
HBOS reported general insurance profits of £107m for the first half of the year, 34% down on the same period in 2006. The bank said this reflected the cost of the June floods, which cost it £60m, and the January storms, which saw £20m in claims. Motor insurance sales increased ...
