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Insurance & Reinsurance

MPs call time on whiplash claims

“The Government has claimed that the UK is the ‘whiplash capital of the world’, but without reliable data on road accidents we cannot say whether that statement is true or not,” added Louise Ellman MP, chair of the House of Commons Transport Select Committee. […]

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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 Government proposals to adopt US-style […]

Emerging Risk

Report highlights insurer concerns over 3D printing technology

The insurance market’s concerns over the complexity of supply chain and product liability issues have been raised in a new report on 3D printing technology. The report from law firm Mayer Brown, claims the process […]

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Insurance claims

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 its ‘sell’ advice on one […]

Insurance & Reinsurance

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 which some insurers themselves have […]

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Insurance & Reinsurance

UK motor insurers’ underwriting results rebound 14%

A 10% rise in gross written premiums failed to put UK motor insurers in the black during 2011, according to Deloitte. The market experienced “greatly improved financial results in 2011 but need to do more […]

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Global insurance trends

#BIBA2012 Insurers enjoying clear path down corridors of power

When Andrew Marr told delegates at the British Insurance Brokers’ Association 2012 conference that insurers have historically been mistrusted around Westminster, I wondered if he might be about to quote former PM Harold Macmillan by adding; ‘but you’ve never had it so good’.

The BBC political commentator opened his speech to a packed Manchester Central Auditorium with the suggestion that general insurers might have been unfairly lumped in with the life insurance market in gaining this poor reputation amongst the political class. […]

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Insurance & Reinsurance

CBI warns against class action proposals

The CBI has argued that proposals to enable group actions against companies will damage business in the UK. Responding to the launch of a Department for Business, Innovation and Skills consultation on private actions in competition […]