Legal expenses
Arag hands Barrie & Hibbert SII role
Legal expenses insurer Arag has selected financial market modelling firm Barrie & Hibbert to assist in its preparations for Solvency II.
ULR Additions to appeal Webster Dixon decision
ULR Additions has lodged an appeal in the Webster Dixon case against the judgment which will force it to pay higher fees to non-panel solicitors chosen by legal expenses policyholders.
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
UK General and LIM sign new deal for expenses cover
UK General Insurance has signed a deal with Legal Expenses Management to provide its legal expenses cover.
View from the top: A better deal on motor
We have a problem. As an industry, claims inflation in motor insurance is racing ahead of average earnings increases.
MSL opts for Financial & Legal’s LEI
MSL Legal Expenses has signed a three-year deal to sell Financial and Legal Insurance’s personal and commercial lines legal expenses insurance products to its broker networks and individual clients.
Mixed reaction to Webster Dixon's High Court success
Legal expenses insurer DAS has called for caution following Webster Dixon’s success in the High Court last week where the circumstances in which legal expenses insurers may not decline a policyholder’s claim were clarified.
Ruling “sting in the tail” for insureds
Michael Frisby, partner in the dispute resolution team at law firm Stevens & Bolton has commented on a test case which has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Ruling puts paid to ‘cash-cow’ legal expenses insurers
A test case in the High Court has opened up the possibility of legal expenses policyholders choosing their own solicitors.
85% of consumers happy to buy home insurance online
According to a survey by independent financial research company Defaqto, 85% of consumers are comfortable with researching and buying home insurance online without professional advice.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.
Expert analysis - aggregators: Mixing things up
Softening motor rates, more movement between best-price brands and augmented ancillary income emerge as aggregator themes
Expert opinion: A missed opportunity
MP for Blackburn Jack Straw's proposed bill will have no effect on fraud or premiums, says Philip Dicken, strategic partnersip director, New Law.
News review 14 - 20 September 2011
A review of news stories which broke between 14 and 20 September 2011.
Legal expenses market unclear
The International Underwriting Association has urged insurers to review their liability products in light of a vast increase in potential legal costs arising from corporate manslaughter prosecutions.
Arc Legal signs Insure for Retirement deal
Legal expenses insurer Arc Legal Assistance has signed a six figure deal to provide cover for policyholders with over 50s specialist Insure for Retirement.
Firms warned over ‘hiatus’ in approval of alternative business structures
Insurance firms seeking to become alternative business structures should beware an over-regulated business environment by an “under-resourced” Solicitors’ Regulation Authority.
MSL offers brokers valuation surveys
Legal expenses and broker services company MSL Group has launched a valuation service for brokers to offer their clients.
AJAG publishes robust rebuttal to ABI’s case
The Access to Justice Action Group has published a robust rebuttal of the Association of British insurers’ arguments in favour of the Legal Aid, Sentencing and Punishment of Offenders Bill.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.
ULR shuffles top level after senior departures
Legal expenses provider ULR has embarked upon a major management shake-up in the wake of two long-standing senior figures departing.
Aim targets brand development with sales appointment
Aim Legal Expenses Insurance Services has appointed Ian Meachin as sales manager - as part of a push into broadening the firm's reputation among brokers, intermediaries and the automotive sector nationwide.