Treasury measures
The Treasury will inform parliament of its plans to introduce statutory regulation of insurance intermediaries before it goes into rises for the summer recess.
It will int …
Treasury measures
The Treasury will inform parliament of its plans to introduce statutory regulation of insurance intermediaries before it goes into rises for the summer recess.
It will introduce a "statutory instrument," a Treasury spokesman said, adding that new legislation would need to be created.
The instrument will allow the Financial Services Authority (FSA) to begin its consultation on the regulation.
The EU is not expected to adopt the directive behind the statutory regulation until September at the earliest.
Web tracking
Improveline is calling on insurers to make greater use of the web when managing claims, to reduce costs and improve customer service.
According to new research from Improveline, a supplier of managed repair services to the building insurance market, 39% of homeowners would use the internet to track their insurance claims.
Supermarket sweep
Halifax General Insurance Services Limited (HGISL), the insurance arm of the Halifax Bank of Scotland (HBOS) group, is to become the new provider of home insurance for Sainsbury's Bank.
Web tracking
UK consultancy AIMS Group has purchased Willis Group Holdings' Safety Solutions business for an undisclosed amount.
Safety Solutions provides health and safety inspection, consultancy and training services to the construction sector and is based in Oxfordshire.
AIMS says that the purchase will significantly expand its construction and training operations.
Claims Direct sales
Claims Direct has sold Rosie One, Towerfocus and Ropespring for £2.9m, after costs. The net asset value of the companies, which are non-trading subsidiares of Claims Direct, at the date of sale was zero.
Claims Direct said it will use the proceeds for working capital.
