-
European car sales continue to rise
- 20/10/2015
- Posted by: Simon Wait
- Category: News
European new-car sales continued to increase in September, completing 25 consecutive months of growth. The result is in line with the 2015 monthly average while YTD figures reveal a healthy 9.0% increase over 2014 at 10.77 million units. Looking at the markets, the UK ranked first as a result of the usual September [...] -
Ageas early adopters of Insurance Act
- 19/10/2015
- Posted by: Simon Wait
- Category: News
Ageas has become one of the UK’s first insurers to adopt the principles of the Insurance Act 2015, 10 months ahead of the 12 August 2016 live date. As part of this process, Ageas has confirmed to brokers that there will be no change to its TOBAs as a consequence of the Insurance Act 2015. Any new claims from [...] -
Speed fines contested via Telematics
- 19/10/2015
- Posted by: Simon Wait
- Category: News
More than a third (35%) of businesses in the UK have used telematics tracking technology to contest either a speeding fine or a false insurance claim, new research from RAC Business reveals. According to the research among 500 UK businesses, 18% of companies have used telematics data to prove that a driver [...] -
VW crisis may benefit system suppliers
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Vehicle emissions-control system manufacturers such as Johnson Matthey and France's Faurecia are set to gain more from the scandal that Volkswagen is currently caught up in, investors say. VW needs to fix up to 11 million vehicles worldwide, and the scandal is likely to lead to tighter regulation for the automotive [...] -
Zurich group to cut 500 jobs
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance Group plans to cut up to 10%, or 500 jobs, from its 5,500-member workforce in Germany over the next two years as it consolidates operations, according to Reuters. A company spokesman in Germany said the programme was limited to Germany and sought to cut costs at a time the company was investing [...] -
RAC launches Black Box Insurance
- 15/10/2015
- Posted by: Simon Wait
- Category: News
The RAC is rewarding motorists who prove they are safe drivers from this week with the launch of a Black Box Insurance scheme. Drivers can show how safe they are by installing telematics technology, which records their behaviour behind the wheel. As many as 500,000 UK drivers already have insurance telematics [...] -
£570k fine issued against claims firm
- 15/10/2015
- Posted by: Simon Wait
- Category: News
Rock Law Ltd, based in Swansea, has been fined almost £570,000 for coercing clients into signing contracts, without giving them enough time to understand the terms and conditions before taking unauthorised payments. The record fine is the second to be issued in as many months by the regulator, based at the [...] -
Concern raised over basic hire rates
- 14/10/2015
- Posted by: Simon Wait
- Category: News
Concerns have been raised over the manner in which solicitors are providing evidence of vehicle rental rates (known as Basic Hire Rates) in disputed car accidents, according to a report published today. Concern over the honesty of evidence submitted in 61% of 196 court cases has been raised, a figure that the [...] -
Insurance fraud uncovered by telematics
- 14/10/2015
- Posted by: Simon Wait
- Category: News
Insurance companies are now fighting fraudulent claims by using driving data and reports of journeys recorded in black boxes installed under car dashboards. For the first time, an insurer has been able to use the information from the black box technology, or telematics, to successfully prove in court that an [...] -
Toyota unveils bold new environmental targets
- 14/10/2015
- Posted by: Simon Wait
- Category: News
With the aim of contributing to global environmental sustainability, Toyota has developed an ambitious set of goals to be achieved over the next 35 years. Addressing key global environmental issues such as climate change, water shortages, resource depletion, and degradation of biodiversity, the Toyota Environmental [...]