"Prized Packett"  see our 2 page spread in the Professional Broking Magazine

Emmanuel Kenning meets a family-owned broker with an illustrious past and bright future specialising in small and medium-sized enterprise, charity and training insurance..............................

read more in the July/August 2010 PB magazine

20 July 2010

Important Changes to Motor Claims Processes

On 30 April 2010 significant changes to motor claims processes will come in to effect, meaning insurers will have just 15 days from claim notification by third parties to make a decision on liability.

The new Ministry of Justice reforms aim to streamline the compensation system for low cost Road Traffic Act personal injury claims by:

1. *  speeding up the claims process
2. *  reducing legal costs and administrative expenses
3. *  introducing fixed time periods and fixed recoverable costs

How these changes will affect you

As a broker, we will have a direct role to play in ensuring we are able to respond to the requirements of the reforms.  Immediate and effective notification of all accidents (falut and non fault, no matter how minor) will become even more important.

Clients should be encouraged to notify incidents as early as possible, with as much information as they have. Failure to do so could lead to increases in costs. 

6 April 2010

 Government agency uses ELD for first time

United Utilities is thought to be the first company to be subjected to censure under last year's Environmental Damage regulations.

It has been fined in a legal action prosecuted by the Environment Agency following a pollution incident in July last year.

The water company, based in the north west of England, was fined £14,000 for a serious water pollution incident at the Three Pools Waterway in Southport which killed more than 6,000 fish and damaged a three-mile stretch of the river.

And becuase the incident was so serious - it is expected to take seven to ten years for the river to fully recover - the Environmental Agency said the incident is also subject to the Environmental Damage Regulations 2009.

Consequently, United Utilities must now repair the environmental damage is has caused, while at the same time conducting interim remediation pending the site's full recovery.

When the regulation entered UK law at the beginning of March last year, insurers explained coverage for remediation under the Environmental Damage Regulations would not be provided for within general liability policies, and as such, an extension was needed (insuranceday.com. May 21, 2009) 

19 April 2010

Insurers' Changing Attitude to Claims

As everyone is acutely aware the economy is still proving to be extremely challenging and the Insurance industry has certainly not been immune from the current turbulent times in which we find ourselves. Insurers would argue that...

To read more about this article click here

03 September 2009