Defaqto, the independent financial research firm, has conducted research which reveals that barely a fifth (21%) of motor insurers provide legal cover for uninsured loss recovery as standard. There is considerable variety amongst comprehensive motor insurance policies, with 28% of insurers not providing uninsured loss recovery at all, and 51% offering coverage as an optional [...]
World First Travel Insurance, the travel insurance specialist, has announced a quartet of new appointments. The appointments follow a period of phenomenal growth for the firm, which has seen business growth exceeding 400% during the course of the last 12 months. This record growth has occurred despite a number of challenging events, such as the [...]
MSL Legal Expenses has launched a new policy for businesses that provides up to £50,000 protection for legal costs per claim. The firm has revamped its LEI offering by adding employment disputes, aspect enquiry for tax, undisputed debt recovery and identity theft resolution to the cover. MSL Commercial also gives policyholders access to the company’s [...]
Former pleural plaques claimants have until 1st August 2011 to lodge their claims with a new government scheme. Insurers have long argued that the plaques, which are areas of fibrosis on the inner surface of the ribcage and the diaphragm, do not impact on health or lead to asbestos-related diseases. However, following a Law Lords’ [...]
A new report from AXA claims that 800 lives a year are being lost on Britain’s roads through accidents caused by road rage, or disrespectful driving. The insurer also calculates that £945 million could be saved in premiums if UK motorists rid themselves of aggression and general disrespect of their fellow drivers. According to a [...]
1 Answer Network is urging consumers to put their faith in local brokers to find the best insurance deals, as a hardening general insurance market sees higher premiums and reduced benefits. Insurers now need greater capital adequacy but are facing lower investment returns and a high incidence of claims, in some areas of the market. [...]
Taylor Wessing has announced the appointment of Susannah Wakefield as a partner within the Insurance and Reinsurance Group. Wakefield joins the firm’s team in London, which handles complex, international insurance and reinsurance disputes and provides support and advice regarding insurance and reinsurance contract terms and conditions. She brings extensive legal experience and expertise in a [...]
Following discussion with its brokers, MMA has launched variable commission rates for its Master Tradesman new business. Brokers can now select the amount of commission they will receive using the firm’s Broker Online system. The general insurer’s head of UK development, Peter Knowles, explains: “Our brokers are experts in their markets; they know their clients [...]
This year’s International Takaful Awards have seen the Chartered Insurance Institute (CII) and the Bahrain Institute of Banking and Finance (BIBF) awarded the best education and training qualification, in recognition of the effort the two organisations have put into developing the ‘Principles of Takaful’ exam unit. The CII’s Advanced Diploma in Insurance now includes the [...]
Asda has appointed, Forbes Solicitors to handle litigated Employer’s Liability, Public Liability and Product Liability claims on behalf of retailer. The work will be carried out from the law firm’s liability practice in Leeds where it already services client in the public sector, multi nationals, Lloyds syndicates and national adjusters. Forbes’ Leeds office managing partner, [...]
