The Insurance Market
MCM Launches New Small Business Unit
MCM has recently launched its new Small Business Unit (SBU). With over 20 years experience in the insurance industry, the SBU will be headed up by Debbie McGill, who will work closely with the Personal Lines Department run by Helen Walsh, providing an array of relevant expertise.
Hirers Enjoy a Record Year as Market Thrives
The boom in construction has seen the UK's top 10 contractors increase their expenditure on equipment hire by 35 per cent over the last year.
New Very Competitive Household and Motor Policies
We have recently negotiated very competitive policies for the more 'mature' client. We can compete with internet prices and provide dedicated, professional advice for clients with good claims experience on both household and motor insurance.
Crushing Blow for Illegal Motorists
Uninsured drivers often drive unroadworthy vehicles and the cost of compensating victims involved in collisions adds an extra £30 a year to insurance premiums on motor insurance paid by honest motorists.
UK Market Close to Bottom of Cycle
Business insurance rates in the United Kingdom look set to remain soft throughout 2008, but experts predict that the market is close to the bottom of the cycle.
When a Title Can Be Costly
Recent research from Confused.com found that describing your occupation in a different way could save customers up to a third on their motor insurance.
ABI: "Meet Our Demands or 500,000 Lose Flood Cover"
The ABI is to issue the government a harsh ultimatum in the autumn: meet its list of flood defence demands or 500,000 homes in high risk zones could lose cover.
Rates on the Launch Pad
Insurers are poised to implement rate increases across a range of commercial lines of business. This may have come as a something of a shock, but it is far from being a bolt from the blue.
Business Legal Expenses Insurance
Although legal expenses insurance (LEI) has been available in continental Europe for over 100 years, it only became legal in the UK as recently as 1974.
We Thought You Should Know…
Did you know that people who drive more than 80% of their annual mileage on work-related journeys are up to 53% more likely to be involved in a motor accident than a private motorist?
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.
The Current Market
It has always been difficult, and at times near impossible, to make profit from underwriting general insurance in the UK.
Making a Solid Stand
The Employers' Liability (EL) market is a changing sector and a very volatile market, with the potential to hurt insurers. With threats such as asbestosis claims hanging over the sector, placing risks at a competitive rate and with a respectable margin has been made more difficult for brokers.
Risk Management - Impacts on Insurance Premiums
A poor claims record will affect the amount you pay in insurance premiums. Insurance premiums can be increased or cover may actually be refused.