Viewpoint
For your business
Viewpoint Autumn
- Market news
- Are premium increases on the horizon?
- Insurance and risk
- What options are left for companies caught in the credit crisis?
- Pleural plaques – a ticking time bomb for UK business?
- Is your business vulnerable to the virus?
- Sink or swim – would your business stay afloat after a flood?
- Environmental Liability - the polluter pays
- Insurance Clinic
- Insurance Clinic
Viewpoint Autumn
Market news
Are premium increases on the horizon?
Fierce competition between providers and excess capacity have continued to drive rates down, motor has experienced some stability but property and liability premiums continue to fall. While one or two of the larger insurers have started to implement an 'improve it or lose it' approach, seeking premium increases at the risk of losing business, they are still very much in the minority.
Insurance Clinic
Insurance and risk
What options are left for companies caught in the credit crisis?
Over the last year the economic turmoil in the wider business community has been amplified in the credit insurance market. In October 2008 capacity all but disappeared, consumer and corporate spending came to an abrupt halt and claims costs began to escalate, rising by a staggering 166% over a 12 month period.
In response to the turbulent economic environment, insurers drastically altered their underwriting approach to credit insurance, withdrawing cover on an unprecedented scale.
Pleural plaques - a ticking time bomb for UK business?
On 17th June 2009 The Damages (asbestos-related conditions) (Scotland) Act 2009 came into force, effectively reinstating the rights of Scottish pleural plaque sufferers to claim compensation on the grounds of negligence.
Is your business vulnerable to the virus?
Just as UK businesses had begun to breathe a sigh of relief and the Government's Chief Medical Officer, Liam Donaldson, claimed we were on the verge of victory over swine flu; a second wave of the virus threatens to sweep across the country.
Sink or swim - would your business stay afloat after a flood?
In the summer of 2007, the UK was hit by torrential rain resulting in extensive flooding. June was the wettest month on record in Britain, with more than double the average amount of rain.
Environmental Liability - the polluter pays
With mounting global pressure for companies to 'clean up their act' and take more responsibility for the environment, the Environmental Liability Directive has become a key agenda item for many businesses.
