Speed cover anger
A policy aimed at compensating drivers banned for speeding has received widespread condemnation from road safety groups.
The policy has been created as a result of …
Speed cover angerA policy aimed at compensating drivers banned for speeding has received widespread condemnation from road safety groups. The policy has been created as a result of the sharp rise in motorists losing their licences after receiving their fourth speed camera penalty. The policy, FlashProtect, would enable a driver to claim up to £6,000 to pay for transport, including taxis or a chauffeur-driven car. FlashProtect can be added to a driver's existing motoring insurance for £50.
Talbot run-offTalbot Underwriting, the Lloyd's insurer, is to transfer the run-off management of its Syndicate 376 to Omni Whittington Capital Management Ltd (OWCM).
FSA tips for IFAsThe FSA is publishing a booklet aimed at giving IFAs a greater insight into the PII market - such as how to make a claim.The product will give IFAs valuable information about how to improve their systems and present their risk more effectively to insurers.
IRM appointmentThe Institute of Risk Management (IRM) has appointed Steve Fowler as permanent executive director.
New WPA policyHealth insurer WPA has launched a new high excess private health policy in partnership with the Cheshire Building Society.Healthy Savings will offer customers a choice of three excess limits £1,500, £3,000 or £5,000. Typical premiums for the product start at just over £92 per annum for a 25-year-old with a £1,500 excess. WPA claims the premiums are up to 90% less than those offered by standard healthcare policies.
AXA staff poached Groupama Insurances has signed up two senior figures from AXA. Phil Bird will become Groupama's director of non-motor and SME underwriting and Kate Mutter will head the group's sales and agency activities.