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27,000 uninsured cars seized this year
- 27/08/2015
- Posted by: Simon Wait
- Category: News
New analysis by Churchill Car Insurance reveals at least 27,688 cars have been seized by UK police forces in 2015 because the vehicle was uninsured. London is the uninsured vehicle capital of the UK, with the Met Police having seized 9,935 cars already this year because they were not insured. This is twice the number [...] -
Hastings post half year results
- 27/08/2015
- Posted by: Simon Wait
- Category: News
Hastings has posted an increase in GWP which hit £282.7m for the first half of 2015 (H1 2014: £227.2m). COR for the business also marginally improved moving from 90.4% to 90% while customer numbers increased 17% to 1.9m (H1 2014: 1.6m). Gary Hoffman, chief executive, commented, ‘These results are further [...] -
Police face telematics ‘skills gap’
- 27/08/2015
- Posted by: Simon Wait
- Category: News
The police face an increasingly wide ‘skills gap’ as complex connected vehicles and telematics devices become commonplace, according to leading motor fraud investigator, Asset Protection Unit (APU). Connected vehicles are rapidly becoming more prevalent and generate large quantities of data which can be used as [...] -
New app aims to lower insurance
- 18/08/2015
- Posted by: Simon Wait
- Category: News
A new platform means honest drivers will finally be able to benefit from lower insurance costs, whilst allowing insurers to target fraudulent claims. The new platform created by technology experts Imperious and represents an earnest attempt address the insurance fraud epidemic putting insurance companies back into [...] -
Thirty new jobs at Albany Assistance
- 17/08/2015
- Posted by: Simon Wait
- Category: News
Claims management firm Albany Assistance, has won a contract to provide fault accident claim services for Hastings Direct motor policyholders. Peterlee-based Albany will deliver hire and repair services to all of its policyholders. It also means a jobs boost for the East Durham firm, adding 30 extra staff to the [...] -
Tantalum open to Quindell takeover
- 17/08/2015
- Posted by: Simon Wait
- Category: News
Tantalum, a company owned by City financier Edi Truell, still wants to buy Quindell even though the Serious Fraud Office has launched a criminal investigation into the scandal-hit firm. Chief executive of Truell’s telematics venture Tantalum, Cedriane de Boucaud, said revelations Quindell had overstated its [...] -
Cutting the cost of at-fault incidents
- 14/08/2015
- Posted by: Simon Wait
- Category: News
Data collated by FMG shows an increasing number of fleet operators, insurance companies and brokers are turning to outsourced claims handling experts to help in controlling third party claim costs following at-fault incidents. The data, collated over the past 18 months, shows a 140% increase in demand for FMG’s [...] -
Insurers warn of ‘ghost brokers’
- 14/08/2015
- Posted by: Simon Wait
- Category: News
Motorists should steer clear of cheap insurance deals sold in pubs, clubs, campuses and on dubious websites, according to the ABI. So-called ‘ghost brokers’ sell cheap, but counterfeit, motor insurance policies, leaving drivers at risk of having to pay out for themselves following accidents. The Association [...] -
Motorists cutting corners with insurance
- 13/08/2015
- Posted by: Simon Wait
- Category: News
Thousands of motorists are paying a high price, in some cases driving illegally, by cutting corners when buying motor insurance according to latest figures out today from the ABI (Association of British Insurers). ABI research shows that in 2014 insurers uncovered 212,000 attempted dishonest applications for motor [...] -
RSA exit personal lines motor market
- 13/08/2015
- Posted by: Simon Wait
- Category: News
Insurance provider RSA, has confirmed it is to withdraw fully from the personal lines broker motor market, ceasing to write new and renewal business from 1 November 2015. The move follows the insurer in May 2014 announcing it was exiting all motor-only personal lines broker relationships. Post reported 800 brokers [...]