Year: 2012

A cautionary tale…

March 28th, 2012

Insurable Interest If you have had the misfortune to suffer a burglary at your home which has resulted in the attendance of a loss adjuster you will have been asked ‘do own the stolen items’ followed by do you have a receipt and where did you purchase the items. These questions are all designed to… Read more »

Car Insurance Premiums Continue to Fall!!!

March 26th, 2012

An independent insurance comparison website, has realeased its results from the March 2012 “Tiger Watch” car insurance price monitor. It’s good news for motorists in the UK as it appears after analysis of hundreds of car insurance quotes each month policy prices are falling. The country can now enjoy a small sigh of relief with this news… Read more »

Pests in people’s homes have risen dramatically!!!

March 19th, 2012

Consumer website uswitch reported that 65% of pest controllers have responded to more cases of rat, squirrel and bed bug infestations over the past 12 months. They asked insurers about this and John O’Roarke, Managing Director of LV Home Insurance commented: “Pests are small but powerful and can wreak havoc in the home, from bees… Read more »

BIBA investigating government CCTV fuel proposal

March 12th, 2012

Insurance industry body the British Insurance Brokers’ Association (BIBA), has confirmed that its motor committee will look into suggestions that the government could be planning to use petrol forecourt CCTV to prevent uninsured vehicles being filled with fuel, by checking insurance and tax details with the DVLA before drivers are able to re-fuel. Insurance industry magazine… Read more »

Company car tax goalposts shifting…

March 12th, 2012

April 2012 will see yet another change in the company car tax banding system designed to favour even lower emission cars than before. It’s a fact that average CO2 emissions have consistently fallen in recent year and now the figure now stands at 138g/km – according to some reports that’s 23% lower than in 2000…. Read more »

Changes to RIDDOR imminent – read on…

March 7th, 2012

I recently spotted some new information that I thought I should share… There is a proposed change to the ‘Reporting of Injuries, Diseases and Dangerous Occurrences Regulations’ 1995 (RIDDOR) from 6thApril 2012 subject to parliamentary approval. Looking at the changes it seems likely that they will be approved. Below is the statement from HSE, you… Read more »

PM’s Summit on whiplash excludes legal profession

February 27th, 2012

The Prime Minister  has faced accusations of sidelining the legal profession in talks his talks over whiplash claims – part of the agenda for his insurance industry “summit” held at Number 10 on 14th February. Mr Cameron, meeting included representatives from the Association of British Insurers (ABI) and leading insurance firms, and focused on addressing the rising cost of… Read more »

The UK’s Top 5 Worst Weather Events…

February 21st, 2012

So far this century we’ve seen some extreme weather events… even here in Britain. Weather events inevitably trigger many insurance claims; below are the top 5 worst weather events to have hit Britain in recent years in terms of insurance costs: In 2007 during the summer floods 11 people were killed across the uk. The worst affected… Read more »

Commercial Insurance & the Impact of the 2011 UK Riots

February 21st, 2012

In the areas of small business and commercial insurance, the impact of last year’s riots may continue to be felt for some time to come by the many offices and shops that were damaged in the unrest. Here are a list of problems traders are now having to live with as a result of the… Read more »

Government tackling rising motor insurance costs…

February 15th, 2012

The prime minister, hosted a meeting at 10 Downing Street, with some key stakeholders in the insurance industry yesterday (Feb 14th). Included were representatives from insurers, consumer groups and business groups. The meeting ended with Mr Cameron promising to take action to tackle the UK’s compensation culture. Some of the agreements that came out of… Read more »