Personall Lines – Page 130
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Which? reports slams credit card PPI
Research shows almost 10 million people are paying PPI for credit cards.
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Net closes on uninsured drivers
Government commitment to continuous insurance enforcement following industry lobbying
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FeaturesThe truth behind the headlines
The 6,000 job losses in insurance announced since the start of the year can’t be blamed just on the credit crunch, says Lauren MacGillivray. Think instead of an industry struggling to understand its cost base and maintain its expense ratios.
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NewsInsurer LV= swoops for £150m Highway group
Managing director John O’Roarke sets out plan to expand the group into the motor market.
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NewsEasy Group exits insurance market
Speculation that Stelios will launch an insurance carrier has been quashed.
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NewsBoisseau: ‘Commercial market is not hardening’
Groupama chief also reports arson is on the increase due to economic downturn.
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News AnalysisLet the bidding begin
Mark Skinsley looks at the potential buyers for IAG’s UK business.
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NewsComparison websites defend their prices after Which? criticism
Consumer group claims better deals are available direct from insurers and points out differences between sites’ cheapest quotes.
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Confused adds 1stQuote to panel
Trading style of Hero Insurance joins home insurance panel.
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NewsFive motor retailers fined for ‘serious’ PPI breaches
Financial regulator continues its crackdown on unsuitable sales.
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Which? report questions role of aggregators
Research shows customers can sometimes get better deals direct
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NewsAllianz to raise motor premiums for worst brokers
Claims teams will also get more training to catch out frauds, says chief executive Torrance.
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NewsHiscox to drop brokers and go web-only for mid net worth policies
But the company, which has reported record interim pre-tax profit of £109.2m, will retain brokers for its wealthiest customers.
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Allianz results bolstered by reserves
Insurer posts strong combined ratio of 88% in commercial lines.
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NewsRBS set to demand top price for insurance arm
Strong half-year results strengthen the bank’s demand for the asking price of £7bn.
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RBS Insurance reports £403m operating profit
Bank quiet on insurance division sale as H1 losses total £691m .
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