Latest News – Page 1994
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FeaturesThe value of product cover
The rise in the number of companies choosing to import cheaper products from countries outside the EU has coincided with a rise in the number of product recalls. Mark Hutton assesses the insurance implications for companies in the import, distribution and retail chain
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News
Aspen move to peer-to-peer may encourage electronic take-up
The number of Lloyd’s insurers trading electronically could be set to rise after Bermuda-based Aspen Re became the first company to follow in the footsteps of the Group of Six (G6) in adopting the peer-to-peer platform.Using the data standards and processes agreed by the G6 in 2006, Aspen Re ...
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ABI seeks coordinated claims fraud strategy
The ABI will meet the Insurance Fraud Bureau (IFB) and other interested parties to discuss the increasing problem of staged motor accidents.The association, together with the IFB, the Serious Organised Crime Agency, City of London Police and the claims management company regulator, will meet shortly to discuss developing co-ordinated action.Chris ...
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One in five DVLA driver details wrong say Tories
The government has been accused of failing to tackle uninsured driving after it emerged that almost one in five driver details held by the DVLA is wrong.According to figures, uncovered by the Conservative Party, personal details held by the DVLA are wrong for 7.8 million people, which equates to 18% ...
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Electronic motor certificates would save £11m says Biba
Moves to allow motor insurance certificates to be emailed to customers would save brokers £11m, according to Biba. The trade body said the proposals, put forward by the Department for Transport (DfT), would make a huge difference to the motor insurance market. Currently the law requires these certificates to be ...
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Zurich predicts rise in service levels
Brokers should see a difference in Zurich’s personal lines service levels during the second half of this year, the insurer said this week. The insurance giant’s personal lines call centre has been centralised in Cardiff since January 2007. This follows the restructuring of the division which saw redundancies and the ...
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TCF fines rise
The number of financial penalties for breaches in treating customers fairly (TCF) jumps under new FSA drive
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Aviva’s Dutch business buys Cyrte Investments
Cyrte Investments had assets valued at £337m
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Paymentcare offers stand-alone PPI
PPI provider to offer bespoke solutions to secured loans industry
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CBG makes first acquisition following £3m placing
Manchester broker acquires Macclesfield broker and IFA
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Insurer calls for action on UK's most dangerous roads
Study finds the UK's three most dangerous roads
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Zurich names new chief underwriting officer
Zurich announces brace of senior management appointments, naming Kerner global chief underwriting officer
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Online onlyIndie trial: former group claims manager gives evidence
Former Independent claims manager questioned on reserving
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Layton Blackham Business Solutions secures two partner brokers
Additional brokers to be added in coming months
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Online onlyMarsh launches international small hotel cover
Policy to offer property cover of up to $80m
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ABI warns ‘deal with the consequences of climate change’
ABI manifesto calls on government to develop strategy to deal with the effects of climate change
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Online onlyHighway strenghtens repair networks
Motor insurer teams up with repair specialist to drive operations forward
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Ace launches new package policy
Spectrum targets large to medium companies facing emerging risks
