Insurance Industry News & Views
The Market:
Motor Insurance Rates Hike
Insurer Norwich Union has increased its premiums for renewals by an average of 16% in an attempt to reduce its combined operating ratio.
Risk Management:
Working at Height
The Government's News Network (GNN - www.gnn.gov.uk) recently contained a brief note about the HSE's latest successful prosecution for failure to adopt safe working practices.
Risk Management:
Retail is a Big Business for the UK
Accounting for approximately 25% of national gross domestic product, the retail sector is an important part of the UK economy, with sales in 2004 amounting to £246.9bn.
Health & Safety:
Poor Health & Safety Management
The prosecution of employees surfaces as an issue from time to time, on chat forums and related websites. The reality is that the Health and Safety Executive (HSE) does take action against employees, but generally only in extreme circumstances.
Directors and Officers:
A Dangerous Hold-Up
Are directors prepared for the risk that lies with modern-day business dealings? 68% of participants were totally unaware of D&O cover.
Business Continuity:
A Case Study
ISS Damage Control has been praised by a major photo processing company for helping to safeguard its business following the Buncefield disaster.