Latest News – Page 943
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Victory for brokers as EU scraps plans for mandatory commission disclosure
Under the current wording brokers will only have to disclose commission when requested by the customer
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Floods could push up combined ratios by 4% - Standard & Poor's
Ratings agency says financial strength ratings will be unaffected
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AXA expects £100m of bad weather claims from past three months
£35m reserve strengthening was driven by second wave of deafness claims
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Gallagher MGA adds commercial property to PowerPlace
e-Underwriting eyes growing online SME distribution
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AXA UK returns to underwriting profit despite reserve hike
COR improves to 98.9% but revenues drop 1% because of selective underwriting
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AXA trials app to give 'safe' white van drivers discounts
Telematics app developed by Wunelli will be tested in coming months
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UK floods could exceed £1.2bn – Credit Suisse
And it could be even higher because of the extent and duration of flooding
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LMA welcomes CC motor findings
But warns remedies may not go far enough to combat problems in the motor market
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CC probe still has calculation errors – Accident Exchange
Credit hire firm’s chief executive Steve Evans said legal action is likely if the calculations are not reviewed
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Insurers urged to show old premiums
Which? launches campaign calling on insurers to show last year’s premium alongside renewal quotes
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VFM initiates counter-fraud surge response
Counter-fraud training provider to take on non-flood related claims
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L&G marks entry into personal lines motor with Junction partnership
Policies will be underwritten by Junction’s panel of 14 insurers
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i-Wonder launches taxi insurance aggregator solution
Tech provider to introduce a different niche solution each month
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Berns Brett achieves chartered Lloyd's broker status
Achievement is part of long-term strategy to support growing client base and needs
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Ageas aiming for 100% commercial COR in 2014
Insurer incurred £20m of flood claims in Q4 and could incur a further £20m for this year
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Besso hires Cooper Gay’s Hovey as finance chief
Hovey resigned from Cooper Gay chief executive role last year
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CC probe overstated cost of credit hire by £26m
VAT error leads to the Competition Commission restating the detrimental effect of credit hire
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Aon to partner with smaller brokers
Broker is looking to improve its SME offering through new partnerships
