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.
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.
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
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.
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.
this made me chuckle a bit as there’s no better place than Lloyd’s for a spot of barrel-chested Tory rabble rousing.
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…