LASPO

Insurer lobbying power should force Law Society rethink

15 February 2012 // 1 Comment

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. [...]

My top five headaches for the UK insurance industry

4 January 2012 // 1 Comment

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. [...]