Archive for January, 2010

29
Jan
10

Women prefer the powerful and the uniformed

Research from what may be an arm of the University of the Bloody Obvious confirms an old saw – women like powerful men and those in uniform, even ugly ones.

Recruitment agency review website, www.HireScores.com, polled 1,256 people to find out whether a job could have an impact on whether someone is dateable. Those polled  comprised 693 women and 563 men.  

Some  67% of women polled said they found doctors attractive saying that the job would immediately make a man more dateable regardless of their looks. Men also – predictably – stuck to the caring profession by choosing nurses as the sexiest job-holders, with 1 in 3 admitting it was because they liked to be looked after.

Incredibly the poll found that more than one third of women asked found politicians sexy, with 36% of them saying that they thought the job was sexy. Some 81% of women polled  said that positions of power and authority were sexier.

The poll lists the top five jobs that carried the most sex appeal for the genders:

Top five sexiest jobs for women

Doctor – 67%

Pilot – 58%

Fireman – 53%

Politician – 47%

Lawyer – 41%

Top five sexiest jobs for men:

Nurses: 68%

Dancer/Dance Instructor – 63%

Air Hostess – 52%

Secretary – 39% 

According to 79% of men polled, they said that they would never date someone who worked as a glamour model for a living. Clearly most of them are liars.

The women polled considered bin men to have the most unattractive job with 71% saying that they would find it a turn off if they found out a potential date did that for a living. 

Lawyers appeal to women rather more than men who considered practising law a less than sexy job for a woman to have. But women consider this a sexy job for men.

Then least dateable professions, by the percentage of men who said they wouldn’t like to date a female who worked in that job:

Glamour Model – 79%

Pole Dancer – 76%

Police Officer – 69%

Promo Girl – 42%

Lawyer – 39% 

Least dateable professions, by the percentage of women who said they wouldn’t like to date a man who worked in that job:

Bin Man – 71% 

Tech Assistant – 62%

Fisherman – 59%

Farmer – 42%

Butcher – 39% 

The message is clear: womanisers should steer clear of work that involves getting dirty and possibly killing animals. 

Commenting, HireScores managing director Lisette Howlett, said:”With Valentine’s Day coming up, we thought we’d have a bit of fun to see which professions members of the public were most attracted to.

“It may surprise some to see stereotypically attractive professionals such as glamour models and pole dancers topping the list of the least dateable female workers – but I doubt we could find one person surprised by the fact that bin men, fishermen and butchers are included in the list of the least dateable male workers!”

28
Jan
10

Post Mag news roundup

Asbestos claims to cost insurers £11bn by 2010

I had to re-read the Insurance Times article on this topic because its headline read ‘£11bn by 2050’. So which is it?

Both articles quote the same research and detail the same figures from the Actuarial Profession’s UK Asbestos Working Party, which said that ‘undiscounted claims to the insurance market for asbestos could reach £11bn for the period 2009 to 2050.

So not ‘by 2010’ then.

 Axa Strikes personal injury first with CEDR

Axa insurance has become the first insurer to sign up to the Centre for Effective Dispute Resolution’s personal injury service.

The service is aimed at small claims and offers phone (£145) and face to face (<£700) mediation and according to this story, Axa has been trialling its use since June last year. The piece cites ‘average costs’ for a litigated case to be £30 000 – £70 000, but I get the feeling the CEDR said that.

DAS to cut temporary staff after loss

Getting some good news out quickly after the legal expenses insurer’s hellfire that was the Jackson Review must have been top of DAS’ priorities. A software deal could save the company £1.75m a year apparently, but there is the small amount of chopping 30 temps from its call centres which may have a more believable impact on its bottom line.  

Scots take English referrals

A Scottish claims management company has seen a 40% increase in personal injury claim referrals from English firms as a result of a proliferation of television advertising. Accident Claims Scotland said it had received over 1100 referrals from England in 2009 as opposed to 750 the year before. English firms are apparently receiving enquiries from Scottish claimants encouraged by advertising broadcast for an audience south of the border.

Irish personal injury claims down 6% on 2008

Compensation totalling 200m Euros was awarded in respect of 8645 PI claims in 2009 according to the Irish Personal Injuries Assessment Board. The average settlement was 23 263 Euros, 6% down on 2008 but 5% higher than the 2007 average.

27
Jan
10

Naming serial litigants may be very risky

Employment lawyer Gordon Turner must feel a little peeved after his efforts to alert a watching world to the activities of serial litigants came under attack from a battery of MPs.

He’s launched a web site wherein tribunal junkies trying to make an honest shekel by suing or threatening to sue employers who may have crossed a legal line or two are named if not shamed. The list contains the names of 30 or so of these alleged litigation lovers and what and whom they have been litigating against.

But, as an employment lawyer, he should have known that this is dangerous territory in which to tread. He needs to be very careful about breaching data protection legislation and harming the job and life chances of these named on the list.

Now Personnel Today reports that 50 or so MPs, led by Labour toiler David Anderson, have signed an early day motion condemning Turner’s wheeze on the grounds that it may victimise those who are named if not shamed.  Frankly I doubt MPs and serial litigants have much to worry about.

There are, I believe, but 30 names on the list and just what are the chances of employers even suspecting an applicant is a tribunal johnnie with a track record? Pretty slim I would say, unless applicants have “serial litigant” as their middle names.

Of course setting setting up what are effectively blacklists is dangerous territory – the Government is set to outlaw the compiling of blacklists of employees judged to be too naughty to to be hired. This follows hoo-ha’s over construction industry blacklists.  Is it really worth Turner’s trouble? He and his partner in this venture, Damian McCarthy of Cloisters Chambers, are charging £99 to access the service.  I can’t see it generating sufficient monies to buy a botox boost at a Bolton beauty parlour.

Anyway, if there are so few serial litigants doesn’t it show that the levels of frivolous claims are low and that most claims are from honest chancers?

One can only admire the pluck and resolve of such litgants as Natasha Sivanandan who has made a career out of employment law litigation.

Last year the serial claimant won a five-figure sum against a black law centre, forcing it to close amid acrimony and financial ruin.

Amazingly Ms Sivanandan, 49, is now suing the defunct organisation again over two further claims of racial and sexual discrimination. Now that’s what I call serial litigation – kicking them when they’re down and dead.

27
Jan
10

Readallaboutit – Insurance Times news roundup

Gallagher gets hand on £18m jewellers’ block account

After Marsh bought HSBC Brokers, some key accounts have inevitably begun to leak out what with the staff moving on. This one sees two guys taking their $12m of premium for a book of jewellery and pawnshop business over to AJ Gallagher, so that broker now controls the whole kit and kaboodle.

After last week’s sterling effort to spice up the Jackson review with a Wild West theme, I’m rather disappointed that this scoop failed to include some kind of reference to a ‘heist’.

Nevertheless, it’s a good story and the type that will be embarrassing to the losers while the winners relax and sit back on a nice pot of money. It’s not about ‘strategy’, ‘goals’, ‘aims’ or ‘plans’, which are so often the bread and butter of the business media and it’s a shame there’s not more like this to go around.

ABI to review Jackson in February

The ABI’s high level group on personal injury will discuss the Jackson review at its next meeting, according to Insurance Times, presumably for a spot of backslapping.

A spokesman for the Ministry of Justice admitted there was no timetable for a detailed government response to the numerous recommendations.

New estimates say asbestosis claims will reach £11bn by 2050

The statistic which struck me most is buried at the bottom of this article. In 2004, one third of mesothelioma sufferers made a claim. In 2009, this proportion had doubled.

The Actuarial Profession’s UK Working party has gone against received wisdom that there would be a peak in or around 2015. The working party’s chairman, Brian Gravelsons, said: “Insurers will of course have already noticed the increased number of claims from mesothelioma sufferers.

“There is still considerable uncertainty surrounding the future cost of asbestos claims, as the number of people who will be diagnosed with mesothelioma many years into the future cannot be accurately predicted.”

Conservatives’ Hoban tells Lloyd’s: ‘We will shut the FSA’

The Tories will dismantle the FSA if elected, giving the Bank of England the rule over prudential and solvency risk, with the Consumer Protection Agency regulating brokers, IFAs and businesses with a lower balance sheet risk.

This announcement was made at Lloyd’s of London by Mark Hoban MP. Without sticking my own flag too deep in the ground, this made me chuckle a bit as there’s no better place than Lloyd’s for a spot of barrel-chested Tory rabble rousing.

27
Jan
10

I don’t care about the words, just get me pictures, pictures, pictures!

There is a school of thought which says that a good art editor is sometimes more valuable to a magazine than the whole newsdesk combined. Today that idea is proven by Insurance Times’ front cover which does what a front cover should do – it makes you want to read.

The article to which this Tesco-value inspired artwork refers is a reasonable effort at predicting how the insurance market will fare in post recession Britain. Some lofty statements ensue in a sort of macro-level piece with the the likes of Stuart Reid at Blufin and Fortis Insurance MD Mark Cliff, good mate of the former, telling us how it is.

I emerged only marginally wiser about insurance having read this piece, and won’t remember too much about it in half an hour’s time but to be fair that’s about as far you ever reach with these type of crystal-ball articles. What I do remember is that a picture made me want to read it and that deserves some praise.

Simple, eyecatching design.

22
Jan
10

What’s in a headline?

Well the headline seemed clear enough. The Insurance Insider was in no doubt when it said: “Chaucer in line to join UK tax exodus.”

The intro started boldly too “London-headquartered Lloyd’s insurer Chaucer has ended years of speculation”. By now my appetite was well and truly whetted. Would they be joining Hiscox in Bermuda? Brit in The Netherlands? Or Beazley in Dublin?

Sadly, it transpired that Chaucer CEO Bob Stuchbery was simply reviewing his options. A prudent course for any British CEO, after all the UK tax man is one of the most demanding in the EU.

When headlines scream out like this only to find the story they lead into is speaking in more sedate tones it is hard not to feel that the media does not always help itself against charges of sensationlism.

The story stemmed from an interview that Bloomberg conducted with Stuchbery and ran under the headline: “Chaucer May Leave London as Lloyd’s Insurers Flee Tax.”

Perhaps not as eye-grabbing as The Insurance Insider’s headline but it certainly reflected the story more accurately.

21
Jan
10

Science fight in today’s Post Mag

Post Magazine – Fraud & Lie Detectors

A decent scrap emerges from Daniel Dunkley’s feature on Voice Stress Analysis in the insurance industry, making this article one of those things you might not have wanted to read, but you’re pleased you eventually did.

After poring over the established issues surrounding market leader Digilog and the use of VSA by insurers so far, the story reports how several academics have incurred the wrath of Nemesysco – the provider of Digilog’s voice analysis engine – by criticising its validity.

Apparently, one such critic is Professor Anders Eriksson from Gothenburg who published a paper which was removed as Libellous by Nemesysco.

But this didn’t stop Prof Eriksson getting on the blower to Post Magazine to repeat his defamatory remarks, with this little beauty: “There is no validity at all in the technology itself…It doesn’t make any distinction between you, a dog or a bus”.

20
Jan
10

Readallaboutit – Insurance Times news roundup

JACKSON REVIEW COVERAGE

IT’s coverage is very good. It is comprehensive and makes an otherwise dull subject as exciting as possible with a wild west theme!

DAS awaits new law before snapping up stake in solicitors

Legal expenses insurers have come out fighting from the Jackson review after their core business was challenged. Saxon East’s story in IT this week says firms including DAS are ‘poised’ to buy stakes in solicitor firms once the Legal Services Act comes into force.

DAS boss Paul Asplin gave the following snippets:

  • “Referral fee ban is ‘nonsense’”
  • “Defendant insurers won’t buy lawyers cos they can get cheap rates now”
  • “Legal Services Act is ‘taking too long’”

Jackson proposes scrapping of ‘abhorrent’ referral fees

Jack Straw called referral fees ‘abhorrent’ so did LJ Jackson. This round-up piece asks some likely suspects what they think so here’s a mini-roundup for you.

David Williams – Claims manager, Axa

  • “Reforms must not be diluted”
  • “progress will take years’”

Roy Hebburn – technical claims manager, Allianz

  • “‘Removal of referral fees & non-recoverability of success fees are crucial recommendations”
  • “Insurers shouldn’t flinch at 10% uplift”
  • (my favourite) “Insurers can return to an environment of underwriting-led pricing, untainted by non-risk income.’ Did anyone ever publish how much money was being made by accepting referral fees? What kind of a dent will it make in their bottom line?

Peter Staddon – British Insurance Brokers’ Association head of technical services

  • “Philosophical – the money’s important but it’s not the be all and end all”

OTHER NEWS

Zurich Pledges 20% increase in motor

Following on from EMB suggesting last week that motor rates will have to increase by 20% to cut insurers’ combined ratio down from a whopping 115%, Zurich is promising to do exactly that. Who needs actuaries!

Zurich’s CEO Stephen Lewis says he’s seen a 30% increase in bodily injury claims frequency with a worsening trend throughout 2009. This combined with high inflation has resulted in a 50% increase in cost of recovery.

Litcomp gains new owner and £200m capital injection

Some fairly canny timing here given Jackson coverage. Litcomp wrote £28m in ATE premium last year, so now with some new private equity money – up to £200m – it’s planning to expand into Professional Indemnity, pet and warranty insurance.

Insurers lead the fight against plaques ruling

Axa, RSA, Aviva and Zurich have lodged an appeal against the Court of Session in Edinburgh after it upheld the Damages (Asbestos-related Conditions) (Scotland) Bill. Pleural Plaques are symptomless, yes they are, no they aren’t. You get it. Oh, and the Westminster meeting between MPs and Gordon Brown has been delayed without a new schedule yet.

Apologies – lost the will to live on that one…

18
Jan
10

Dear Stephen Fry, have you got a features list for QI?

It may be difficult to find out the truth about this one, but repeated mentions of Halifax Travel Insurance on last weekend’s expisode of QI XL, could indicate a fascinating new untapped media outlet for corporate PRs!

http://bbc.co.uk/i/qffcx/ - time index 07:10 if it doesn’t take you there itself…

In truth, the repetition was caused by repeated interruptions from the audience, but I suspect there weren’t any complaints from those in Halifax’s PR department!

Given the extent of state owernship in the combined HBOS/Lloyd’s Banking Group these days, perhaps it’s a safe bet that other BBC shows will be mentioning carefully placed PR titibits from Northern Rock, Natwest or RBS, and should we all be asking Stephen Fry if he’s got next season’s QI features list ready yet?

15
Jan
10

Love it or hate it, it’s funny if you’re not the joke

RollonFriday’s relentless style took an amusing twist today, with a follow up to last week’s Firm of the Year top 100 thing; namely the ‘Golden Turd’ awards.

http://www.rollonfriday.com/ThisWeek/News/tabid/58/Id/431/fromTab/36/Default.aspx

As you can see ROF is a haven for the driest of wit and those who revel in the pain of others. ROF’s value as a trade press vehicle has to be  seriously questioned, because of the fact that it makes a complete mockery of the sector which presumably provides it with an income.

It is probably true that there is no need and prescious little revenue available for another legal sector trade magazine that covers issues and ‘worthy’ subjects and as such, the vacancy for a publication which engages in outright character assasination needed filling by this lot.

It’s not a little ironic though that the survey which yeilded this tribute to gilded faeces was actually rather thorough and hints at the fact that ROF wants to be taken seriously.

Therefore, I raise a glass to them for having the guts to publish a quote from an unnamed source saying ‘Eversheds is a cross between a call centre and an abattoir’.

It’s all very very funny.




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