Legal
1978 MoT Exemption – Good Idea, or Problems for Classic Insurance Sector?
`the 1960 rule accounts for 197,000 cars on UK roads. The new rules would exempt a further 293,000′ […]
Legal
Insurance Regulation
Analysis: Are Motor Insurance Premiums Rising or Falling?
Insurance-Edge.Net thought we would analyse the data and opinion, to try and nail down why motor insurance premiums are rising rapidly. Yesterday we ran a story on van insurance, which identified fraud, increasing van deliveries […]
Insurance & Reinsurance
2017 hurricanes & wildfires: Reinsurance reinstatements could run out by year end, says CMS
Simon Kilgour, CMS: “In the pressure to maximise reinsurance recoveries some disputes about erosion of limits and reinstatement are possible.“ […]
Fraud
Personal injury lawyers ask Ministry of Justice; “what are reforms really for?”
The Ministry of Justice will reduce the rights of genuine claimants further if they repeat the mistakes of recent flawed reforms, a leading UK injury lawyers group has warned. Simon Stanfield, Partner at Simpson Millar […]
InsureTech
Lloyd’s push for primary drone legislation in UK
The Lloyd’s Market Association suggested that the introduction of primary legislation would be necessary in order to align the regulation of drone operation with those of manned aircraft […]
Insurance & Reinsurance
Western (re)insurance markets now losing 10% to new Russian NRC
No case of non-payment of reinsurance indemnity due to sanctions clauses has been reported since the end of 2014. Nevertheless, Russia’s central bank is now attempting to counter these effects with the creation of the NRC. […]
Legal
Asbestos lung cancer victims who smoked may see claim values reduce
“The case is of interest to insurers, as the 30% contributory negligence deduction is a higher deduction than those made in Badger (20%), Shortell (15%) and Horsley (20%). Bearing in mind the relatively high value of many such claims, the savings can be significant. […]
Insurance claims
The Claims Portal in review 2014
Could RTA claim notifications be set to peak in 2014? We analyse the Claims Portal’s dashboard data to crunch the numbers. Ever since the data began to be collected in May 2010, solicitors, insurers and […]