Warranties probe
The Office of Fair Trading is set to investigate the new car warranty market.
Complaints rise
The Financial Ombudsman Service (FOS) said the level of insurance-related complaints had risen by 40% in the 12 months to March. The number of motor insurance complaints had also risen.
Markel rated higher
AM Best has upgraded the financial strength rating of Markel International Insurance Company to
A minus from B++.
Cost of no-fault
The introduction of a no-fault workers' compensation scheme would cost insurers and the government £1.5bn a year, according to research by consultant Greenstreet Berman.
US trade complaint
Six US trade bodies complained to the US-based National Association of Insurance Commissioners (NAIC) that "solvency regulation regimes and accounting systems" were "less stringent" for non-American reinsurers.
Rehab benefit
ABI research has found that the cost of compensation paid through employers' liability insurance could be cut by 40% through the use of rehabilitation.
Woodstock buy
Woodstock Insurance Brokers has acquired Alder Broker Group's general insurance book.
The deal will add £1.54m in premium income to Woodstock's accounts, increasing its total gross premiums to £5m from its 14,000 customers.
ABI fire seminar
The ABI backed the recent government announcement to modernise the Fire and Rescue Service in England and Wales.
Increasing the emphasis on educating those constructing buildings - including architects and designers - was also a key conclusion from an ABI seminar on composite panels held last week.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
