Justice Committee launches new inquiry into small claims limit
The Justice Committee has launched what it called “a short inquiry” into the UK government’s proposals for raising the small claims limit for personal injury via secondary legislation. A single...
View ArticleFBC Manby Bowdler secures record settlement
A court has awarded what the law firm FBC Manby Bowdler believes is a record settlement to a man who was left with severe injuries after being hit by the car of an insured driver. The...
View ArticleSedgwick to acquire Cunningham Lindsey
Technology-enabled risk and benefits solutions provider Sedgwick Claims Management Services has agreed to acquire Cunningham Lindsey for an undisclosed sum. The deal for the loss adjusting, claims...
View ArticleLSM lines up Luxembourg ahead of Brexit
Liberty Specialty Markets (LSM), part of global insurance giant Liberty Mutual Insurance, is moving its insurance company from the UK to Luxembourg ahead of Brexit in 2019, but it does intend to...
View ArticleMotor insurance claims costs rose in Q3, finds ABI
An increase in the costs of personal injury claims, vehicle repairs and theft claims led to insurers paying out £2.1 billion in Q3 2017, the Association of British Insurers (ABI) has reported....
View ArticleAvMA offers working party terms of reference
Action Against Medical Accidents (AvMA), the Law Society and the Association of Personal Injury Lawyers have jointly agreed suggested terms of reference for a working party to reduce legal costs in...
View ArticleACL members want fixed recoverable costs plan curbed
The UK government should curb Lord Rupert Justice Jackson’s recommendation to expand the use of fixed recoverable costs, limiting them only to the fast-track, according to an Association of Costs...
View ArticleCo-op records rise in motor collision claims
Co-op Insurance saw a 50% increase in motor collision claims on 10 December. Accidents and collisions also increased by 42% when compared to the previous Sunday (3 December). The claims data was...
View ArticleAPIL: Compulsory ADR would be costly
A requirement for personal injury claimants to engage in alternative dispute resolution (ADR) would result in delays and unnecessary costs, the Association of Personal Injury Lawyers (APIL) has warned....
View ArticleQuantemplate recruits David Lundgren as CEO
Insurtech firm Quantemplate has appointed David Lundgren as CEO and board director, following the capture of £2.5 million in new capital. Lundgren (pictured) brings deep insurance industry and...
View ArticleCovéa promotes Heathcote to regional lead underwriter
Covéa Insurance has strengthened its real estate offering with the promotion of Richard Heathcote to the role of regional lead underwriter in the insurer’s Leadenhall office. Heathcote previously held...
View ArticleInsurePal eyes UK motor launch with blockchain platform
InsurePal, a new peer-to-peer insurer offering lower premiums for those able to gain ‘social proof’ guarantees from friends and family, is raising £15 million ($18 million) in an initial coin offering...
View ArticleAviva accepted 96% of claims worth £2.7 billion in 2016
Insurer Aviva paid £2.7 billion out in cash settlements and services to more than 775,000 UK customers claiming on their individual insurance policies. The majority of claims—96%—were accepted across...
View ArticleMarsh reorganises UK specialties leadership
Insurance broking company Marsh has reorganised the leadership team of its UK specialties division, moving Roy White up to chairman and bringing in Paul Moody as CEO. Moody will take over from White as...
View ArticlePIB Group picks up Citynet Insurance Brokers
PIB Group has acquired independent wholesale Lloyd’s broker Citynet Insurance Brokers. The deal is the 12th investment made by PIB in the past year and a half and follows the acquisitions of aQmen...
View ArticleGP fears over claims affecting practice, finds MPS
The fear of being sued is a major factor in a significant number of GPs’ decisions to order more tests, make more referrals or prescribe medication, a Medical Protection Society (MPS) survey has found....
View ArticleDavies strengthens motor claims with TLSS deal
Davies Group has acquired Total Loss Settlement Services (TLSS), a specialist motor claims provider. Based in Sussex, TLSS provides total loss solutions and digitally enabled desktop engineering to its...
View ArticleLV= appeal to aid insurers left in limbo, says Keoghs
The Supreme Court has granted Liverpool Victoria’s (LV=) appeal in the case of Cameron v Hussain and LV=, Keoghs has reported. The decision is a positive step in countering the judgement of the Court...
View ArticleMotor insurance database to be introduced in Ireland
Ireland’s government has approved draft legislation for a database to keep track of motor insurance claims. The database is aimed at helping to understand how claims costs are affecting the motor...
View ArticleAllianz completes deal for LV= stake
Allianz Group has completed its £500 million purchase of a 49% stake in Liverpool Victoria’s (LV=) UK general insurance businesses. The sale is the first stage in the creation of the insurers’ joint...
View Article