Latest News – Page 550
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News
Allianz UK to provide insurance for Drivy customers
Allianz UK to partner car sharing platform, Drivy, to provide insurance to customers
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State Farm lawsuit a warning to UK insurers over car repairs
Similar lawsuits could happen in the UK if vehicles are not repaired to the manufacturer standard, it is claimed
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$100m insurtech fund wants to work with insurers not against
Partner at Eos Venture Partners Sam Evans says they are optimistic insurers are coming around to insurtech, and wants to work with insurers to embrace and collaborate with the new start-ups entering the market
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Increase in customers shopping around after FCA transparency rules
1.4m more home and motor insurance customers shopped around one year on from FCA transparency rules
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Two companies pursued for £8.1m in Gable fallout
A Lloyd’s insurer and specialist broker among companies chased by Danish guarantee fund in the fallout of Gable
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Renewal transparency hits Tesco motor business
Tesco’s motor policies decline after regulatory changes
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Customer anger at Swinton shop closure
Community in Bishop Auckland anger at Swinton shop closure
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Innovation stymied by capital rules, says OECD
An OECD report says that innovation in insurance could be blocked because insurtech start-ups face crippling capital rules under Solvency II
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Natural catastrophe insured losses “highest ever” in 2017 – Swiss Re
Reinsurer Swiss Re said Hurricanes Harvey, Irma and Maria had resulted in combined insured losses of $92bn, equal to 0.5% of US GDP
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FCA to reopen investigations into inflation of motor repairs
FCA business plan vows a fresh look into problematic area
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Insurance technology firm tops Sunday Times profit list
CEO of The Qdos Group says “innovative insurance solutions” helped firm top The Sunday Times BDO Profit Track 100 list
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Broker backlash at 'fundamentally flawed' solicitors’ PI reform proposals
The SRA is proposing changes to Solicitors’ professional indemnity insurance, which will move the minimum cover limit to £500,000 or £1m for conveyancing
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Waste company in £4.8m battle with Zurich over convicted 'machete attacking' director
Niramax Group says Zurich should pay the claim for a plant fire, regardless of shadow director’s 2010 conviction for attack involving 16-inch machete
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London Market announces new chairman
Beazley CEO announced as the new chair of the London Market to see the group into Brexit
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REG speeds up GDPR agreements to help clients
REG hopes to help clients meet GDPR deadline by reducing cost and time of issuing TOBAs
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Broker Network makes sixth regional addition with Surrey purchase
Broker Network adds Weald to complete its sixth “regional powerhouse” purchase
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Marsh looking to cut management levels to simplify business
Leaked email reveals Marsh to cut levels of management to bring brokers closer to the client
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Marsh eyes Scottish independent broker amid return to UK acquisitions
Insurance Times understands Marsh is in talks to make its first acquisition since Bluefin in 2016