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Insurance & Reinsurance

Insurer lobbying power should force Law Society rethink

If the six-point plan designed to to tackle rising motor insurance premiums outlined by Prime Minister David Cameron yesterday proves anything, it’s that lobbying this coalition just got tougher.

Before the meeting Downing Street had already made its intentions abundantly clear, by cold shouldering any representatives of the claimant personal injury market and briefing the national, trade and broadcast media that it would be the insurance industry itself who would be trusted to decide what changes are necessary in order to pass on savings to consumers. […]

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Insurance & Reinsurance

My top five headaches for the UK insurance industry

FOR THOSE RUNNING brokers and insurance companies in the UK non-life market, 2012 promises to be a challenging year with reputation topping my list of worries for the industry.

Issues ranging from closure of a £500m tax loophole to how major property exposures can be managed once a decades-old pact to insure buildings at risk of flooding comes to an end; these and more will all vie for directors’ attention alongside the day to day running of businesses typically located at the grudge purchase end of the high street.

With concerns both legislative and market-driven requiring considerable thought, here’s my top five insurance industry headscratchers. […]

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Insurance & Reinsurance

Something for personal injury lobbyists in 2011?

It took the insurance trade media a couple of weeks to notice that the Discount Rate was officially under review but this certainly got the defendant lobby talking amongst themselves with the actuaries pulling out their calculators first off. […]

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Insurance & Reinsurance

No win-no fee advertising – a tough one to call

Neil Rose’s latest column in the Guardian illustrates the difficulty facing policymakers in curtailing the negative consequences of a system that is unpopular with the public while simultaneously being one of the only ways to fulfill our basic right of access to justice. […]

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HR & Employment

From facebook to sales book – Postonline

From facebook to sales book – Postonline. Social networking, broker focus  This piece by Amy Ellis looks into the facebook/twitter/linkedin world of social networking and asks brokers if they reckon they can use it to […]