Stop press...THB profit stalled

THB profit stalledTHB Group's profits remained unchanged at £3.7m this year, despite the company seeing a 38% increase in turnover. Chairman Vic Thompson said that market conditions and currency movements had created a challenging environment, but that it had continued to grow through acquisitions.

AXA household EDIAXA is to develop full-cycle EDI capability for its household products, in partnership with Budget Insurance Services. AXA joined Budget's household panel in March 2004. It said it was the first insurer on Budget's household panel to implement full-cycle EDI. (First published on 20 July www.insurancetimes.co.uk)

Equitas settlement Equitas and EnPro Industries have reached a settlement on the future and current claims of EnPro subsidiaries against certain Lloyd's underwriters reinsured by Equitas. As a result of the agreement Equitas will pay $118m to Enpro and an asbestos trust that has been established to resolve asbestos-related claims.(First published on 20 July www.insurancetimes.co.uk)

Lords to rule on DVTThe House of Lords has agreed to rule on whether airlines must compensate passengers who develop deep vein thrombosis (DVT). DVT victim's families have until 28 July to appeal the 2003 dismissal of claims for compensation.(First published on 20 July www.insurancetimes.co.uk)

HML terror productCox subsidiary HML Marketing has launched a product designed for the placement of terrorism insurance. The product was developed in conjunction with Beech Underwriting.(First published on 20 July www.insurancetimes.co.uk)

Motor quotes dropThe average price quoted for comprehensive car insurance has dropped by over 2% in the past three months, according to the AA's British Insurance Premium Index.(First published on 19 July www.insurancetimes.co.uk)