Insurance Edge

News, reports and opinion from the UK and Global insurance marketplaces

Insurer lobbying power should force Law Society rethink

If the six-point plan designed to to tackle rising motor insurance premiums outlined by Prime Minister David Cameron yesterday proves anything, it’s that lobbying this coalition just got tougher.

Before the meeting Downing Street had already made its intentions abundantly clear, by cold shouldering any representatives of the claimant personal injury market and briefing the national, trade and broadcast media that it would be the insurance industry itself who would be trusted to decide what changes are necessary in order to pass on savings to consumers.

15 February 2012 · 1 Comment

My top five headaches for the UK insurance industry

FOR THOSE RUNNING brokers and insurance companies in the UK non-life market, 2012 promises to be a challenging year with reputation topping my list of worries for the industry.

Issues ranging from closure of a £500m tax loophole to how major property exposures can be managed once a decades-old pact to insure buildings at risk of flooding comes to an end; these and more will all vie for directors’ attention alongside the day to day running of businesses typically located at the grudge purchase end of the high street.

With concerns both legislative and market-driven requiring considerable thought, here’s my top five insurance industry headscratchers.

4 January 2012 · Leave a Comment

Anti #LASPO lobbying a mixed success

Around 2.30pm yesterday, my Legal Tweets twitter list gurgled into life with claims that the Legal Aid, Sentencing and Punishment of Offenders Bill, had  been delayed. I also had a stream … Continue reading

2 December 2011 · Leave a Comment

Trade press review: Fire lit under Jackson; would a Quora law firm be better than a twitter one?

some smart people at personal injury referral network Loyalty Law have launched what on the surface appears to be the country’s first ever Twitter law firm. Obviously there’s a little more behind it but in essence, users can ask simple ‘what if?’ questions which are answered by a panel of law firms.
It would be my hunch that Quora would be a better network for this type of approach, but we’ll have to wait and see if it gains enough traction with everyday users first.

14 February 2011 · Leave a Comment

Media roundup – legal aid cuts and Jackson round 2

Perhaps the most interesting angle comes from the Telegraph, which given its propensity to tackle MPs’ expenses claims, points out that they’ll no longer be able to get help defending themselves.

16 November 2010 · 1 Comment

October 2010 – personal injury’s biggest month ever

Web traffic and media coverage concerning personal injury have hit almost unprecedented levels as Lord Young’s government commissioned report into Health & Safety keeps the circus going.

5 November 2010 · Leave a Comment

Readallaboutit – Insurance Times news roundup

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 January 2010 · Leave a Comment

Jackson review-athon; what people are saying about it…

Today, the Jackson review recommendations were published and I’d be a rich man if I had a penny for every ten cents put in on this subject. That’s a trans-atlantic metaphor, if ever there was one…

14 January 2010 · Leave a Comment
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