All articles by Matt Scott – Page 14
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Insurers to pay for whiplash panels
Agreement on structure of the panels by the end of June
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Online onlyCan brokers rely on unrated insurers?
Insurance Times examines the risks and benefits of dealing with unrated insurers
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Online onlyMarsh to create new Scottish region after acquisition of CIS
Joe Grogan (pictured) says this demonstrates the strategic importance of Scotland for Marsh’s growth plans
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Insurers may cut rates for 117 law firms without cover to avoid run-off costs
Insurers will have to provide six-years run-off cover for little or no premium if firms close
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Online onlyIndustry and government must work together to ensure success - Javid
Sajid Javid says the government will support the UK insurance industry, but a collaborative approach is vital to build on the industry’s long-standing success
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Online onlyBriefing: The CC probe is an opportunity for the insurance industry to regain lost confidence
Recommendations from the Competition Commission will allow insurers to fight against excessive subrogated claims costs and pass savings on to consumers
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Online onlyCC probe: insurers welcome remedies that will help reduce costs
But are damning of the criticisms from CHOs
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Online onlyCC probe: referral fees should be banned for credit hire and repair
Watchdog also recommends a cap on recoverable subrogated claims costs
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Online onlyCC probe: aggregator pricing agreements to be banned
Some insurer contracts ‘limit price competition, reduce innovation and restrict entry’
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Online onlyCC probe: CHOs on the defensive as they put blame on insurers
Trade body chief tells Insurance Times that he finds the Competition Commission’s recommendations ‘bewildering’
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CC probe: market distortions costing consumers as much as £200m a year
The Competition Commission found that practices in the motor insurance market are having an ‘adverse effect on competition’
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Validus launches portal to cut costs of subrogated claims
New cloud-based platform can manage claims between insurers whether or not a bilateral agreement is in place
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Solvency II: insurers must act now to get ready for implementation
Smaller firms may also have slipped further behind their bigger rivals
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Government releases further details on medical reporting for whiplash
Work is ongoing to stop the practice of pre-medical offers for personal injury claims
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Optimism over Laspo benefits diminishing
Hill Dickinson survey reveals changing attitudes to the Laspo reforms
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Credit hire rates over inflated by 58% - TCF
And credit repair rates can be as much as 30% more expensive than the open market
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Motor insurance fraud: 'The genie is out of the bottle' - Hill Dickinson
As the first Hill Dickinson Claims and Fraud Index maps the UK’s motor fraud hotspots, Hill Dickinson’s Peter Oakes said fraudsters will continue to exploit the weaknesses in the market
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Online onlyWhere is credit hire and repair most over inflated?
Some regions of the UK have credit hire rates over inflated by as much as 68.4%, while credit repair can be up to 39.1% more expensive for insurers
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Storm situation is improving - Environment Agency
But things could have been much worse had flood defences not been effective
