LV
Fraud: Breaking the habit
From holidaymakers to corporates, exaggerating or fabricating an insurance claim could become common practice – so what can insurers do to combat this culture By Ruth Lawrence
Insurers rubbish accusation of Claims Portal bias against non-English names
Defendant solicitor says 60% of claims from ethnic names get flagged as fraud.
C-Suite: Rewriting the law on fraud
Looking to France may help bring down claim numbers and prevent fraudsters escaping detection, says John O'Roarke.
LV finds 230 000 SMEs do not have insurance
New research by LV Broker found that around 230 000 small business owners have no insurance cover in place, which leaves them vulnerable to liability claims, hefty fines and prosecution.
Axa and Accident Exchange reach agreement on Autofocus fraud
Four years after Accident Exchange revealed the details of the Autofocus fraud scandal, Axa and Accident Exchange have agreed a settlement to their long running dispute.
Penny Speed meets... Martin Milliner, LV general insurance claims director
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Travel: In rude health
The refusal of some Spanish hospitals to accept EHICs sparked anger in the insurance industry, but will the scandal impact premiums?
Women drivers more likely to recommend their motor insurer
Women drivers are more likely to recommend their motor insurer than men, a survey of more than 12 000 pre-renewal consumers has found.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Insurers braced for Isle of Sheppey crash claims
Insurers are expecting a steady influx of claims following the Isle of Sheppey crash last week, which involved more than 130 vehicles.
Market Moves: Brokers lead the charge again as Bluefin and US Risk add fresh faces
Brokers dominated the recruitment space once again this week, with Bluefin and Howden among the firms to add new faces. Having brought in Dane Douetil to head up BMS Group last week, subsidiary Pioneer Underwriting has swooped for an equally high-profile…
SME: On board the enterprise
The SME space is a key battleground for the future of the industry. But if SMEs can do business direct online, where does that leave brokers? By Mark Sands
LV growing actuarial team
LV is recruiting for 10 actuaries to join its business.
Penny Black's Insurance Week - 29 August 2013
While recent summers have seen Penny reaching for an umbrella to protect against the pouring rain rather than a parasol to escape the scorching sun, so far this year, much to the delight of insurers across the UK, the former has given way to the latter;…
Non-standard risks: Playing it safe
With increasingly cautious insurers regularly redefining what should be classed as non‑standard risks, is expertise available to deal with the challenges they present?
Suspended jail time for LV’s Land Rover fraudster
A Solihull man who fraudulently reported his 20-year-old Land Rover stolen and tried to claim £20 000 from LV has been given a suspended jail term.
LV launches wider motorcycle cover
LV has launched a motorcycle product offering increased cover including replacement cover for bikes under six months old.
LV wins caravan broker account from Zurich
LV Broker has struck an exclusive deal with Caravanwise, ending the intermediary’s previous deal with Zurich.
Motor sector cites rates and reforms as COR soars
Motor insurers have bemoaned the impact of rock-bottom rates on their first-half figures, prompting some industry leaders to rule out further rate reductions in the second half of the year.
Editor's comment: Bad gambles see millions dropped
While the average 2.2 million viewers of The Million Pound Drop often urge contestants to take a gamble, they are well aware of one vital rule that it seems some insurers have forgotten: if you are not 100% sure of the answer, the only way to proceed is…
Keychoice and LV Broker form home partnership
Keychoice has formed a strategic partnership with LV Broker to provide it with access to over 800 independent brokers.
LV launches new classic car cover
LV has unveiled a new classic car product designed for vehicles over 20 years old.
Insurers welcome TSC report but rue small claims decision
LV managing director John O’Roarke has described the Transport Select Committee’s decision not to recommend extending the small claims court limit as “disappointing”.
Insurers insist they have nothing to hide after ‘self serving’ legal campaign
Law Society says claimants accepting early offers are being ‘mugged’.