Category Archives: Insurance claims
UK consumers reject government plans for US-style collective action lawsuits
New study claims that UK consumers disagree with proposals to introduce opt-out collective actions. The U.S. Chamber Institute for Legal Reform (ILR) says 57 percent of British consumers oppose UK … Continue reading
Westminster should probe comparison sites
By Ralph Savage If yesterday’s hearing at the House of Commons Environment select committee on floods proved anything, it is that they must include comparison web sites and major distributors … Continue reading
UK insurers predicted to maintain market-leading dividends
By Ralph Savage The UK’s leading insurers can maintain their market-leading dividend payments to shareholders despite tough conditions, analysts at Markit said today. However, in a separate note, Investec maintained … Continue reading
Insurer v Broker claims spat: Score draw or own goal?
Perhaps we should start by recognising that airing such disputes so publicly will undoubtedly shine an unfavourable light on our profession and on the insurance market as a whole and that this takes away from all the good things that we do every day? Shooting first and asking questions later is never the best option. Where’s the value in scoring a few points if it then hurts the market’s reputation universally?
Will 2013 be insurers’ year of austerity?
By Ralph Savage After a Channel 4 dressing down by Dispatches, the insurance industry’s relationship with UK motorists is likely to be a defining issue for 2013. The alleged role in … Continue reading
ABI repeats flood challenge to UK Government
The Association of British Insurers has released a statement, calling on the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households. The … Continue reading
2012 could be red letter year for home insurer profitbility
Data published on the profitability of UK Home insurers’ underwriting has revealed a 10% improvement on the sector’s performance during 2011. The industry’s net combined ratio in 2011 was 89% … Continue reading
Major risks threaten frontline services says Zurich report
The future of many hospitals, local authorities and charities is at stake as the UK faces an increase in major incidents, warns a new report out today. The Risk and … Continue reading
Insurers slam delays in Riot Act payments
Insurers reacted quickly to help customers hit by last August’s riots, but the riot compensation scheme failed too many Londoners the ABI (Association of British Insurers) said today at the … Continue reading
