Motor rates at record high
Car insurance premiums have reached their highest ever level, according to the AA’s benchmark British Insurance Premium Index. The Index shows that over the past quarter, the average quoted premium index for an annual comprehensive car insurance policy rose 2.5% to over £822.
Biba warns over review
Biba said there must be no attempt to 'read across' any regulatory changes that may emerge from the FSA’s retail distribution review, which focused on the IFA sector, into the general insurance regulatory regime.
CII status for firms
Brokers Stuart Alexander, Lay-ton Blackham and Smart & Cook have successfully achieved CII corporate chartered status for their individual firms.
Midlands office for AMG
AMG opened an office in the Midlands to accommodate its expansion in the area.
CII rethinks conference
The CII said it would replace its long-standing annual conference with a series of one-day events designed to target the specific concerns of faculty members.
Quinn Direct settles claims
Quinn Direct settled the claim dispute with Murray Timber Products for £12m. The legal action centred around a claim for €54m (£36.4m) brought by the timber company, a Quinn policyholder, following a fire in its Galway plant in 2005.