Tuesday, 9 October 2012

Insurance News - 9th October 2012

- The failed insurance provider lemma will get help for its policy holders from the FSCS.

- AXA boss Paul Evans not happy with new law that could damage insurance companies reputation.

- Professional Insurance Agents Ltd go into fresh talks with American brokers, regarding its online multiquote platforms. The USA culture regarding commercial insurances such as Professional Indemnity Insurance, Commercial Combined insurance according to CEO Graham Hearsey is way behind the UK and therefore PIA see the USA and Canada as a massive growth area.

- WR Berkley give capacity to AML underwriting.

- The high costs of young drivers insurance could come down if younger drivers were better educated in their driving habits according to many leading insurers and brokers.

- Business Insurance 24 7 look to Middle East to promote their panel of Financial Lines Products such as Directors and Officers Insurance and Professional Indemnity Insurance.

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