LV= car insurance has commissioned research indicating that 4.2 million motorists who do not wear glasses admit that their vision is imperfect, and 1.1 million drivers who have glasses or contact lenses for driving so not always wear them. The most common reason, reported by more than half, for not wearing glasses was simply forgetfulness, with 32% stating they do not need them, despite medical advice. Twenty-three percent who do not have glasses or lenses admit that their eyesight is not perfect, and 11% report a difficulty seeing at night, with 6% finding poor weather a challenge. However, a third of motorists have not had an eye …

Marsh has announced the appointment of Ann Collins to the newly created post of client services director for the Isle of Man. She previously worked for Aon, in Douglas, for six years, when she was an MD tasked with leadership of Aon’s Isle of Man broking team. She brings extensive experience to Marsh, and has worked in the insurance sector for more than three decades

As of 1977, the Volunteer State implemented the Financial Responsibility Law and similar to other states, began requiring motorists behind the wheel of a vehicle to have the ability to compensate for injuries and property damage that they may cause while operating an automobile. The financial responsibility law was designed by state legislatures to ensure that individuals who are struck by another motorist while in an auto or as pedestrian are compensated for their losses. By mandated that operators keep coverage …

Standard Life has announced up to 500 job losses over the next 15 months, as the group continues its cost reduction programme. The life and pensions provider may be cutting as many as 600 jobs, mostly at its Edinburgh base, while at the same time creating up to 100 new posts. It is understood that 100 of the affected roles are held by contractors, a further 100 jobs will go through natural attrition and that 24 job losses will be absorbed through current vacancies. Commenting on the news, the insurer’s chief executive, David Nish, said: “As we transform Standard Life to deliver its growth ambitions,

Marsh has launched a product designed to protect water utility companies against the cost of a serious contamination incident. With industry regulation tightening and the threat of terrorism increasing, water utility firms globally are firming up their attitude to risk and the insurer claims the policy is the first of its kind. It can provide cover of up to £10 million for accidental contamination, malicious contamination or extortion relating to the water supply and includes payments to domestic and business customers as well as those suffering from injury or illness caused by consuming the contaminated water. Commenting on the launch the firm’s senior vice president…

Allianz has announced the appointment of Gary Coton to the position of household claims operations manager. Coton brings to the post 17 years of experience, and most recently worked for AIG where he was tasked with enhancing the efficiency of operations pertaining to the Premium Booking and Accounts Receivable process. In his new role he will assume responsibility for the daily management of the UK Household and Corporate Partner claims for Direct and Broker personal lines business. In addition to this duty, Coton will represent Bristol claims at various Direct, Broker and Corporate Partner trading boards. Coton has expressed his excitement at taking on a new

If a resident of the United States wishes to register and operate a vehicle legally then the chances are that they must carry a car insurance policy that meets a particular state’s requirements to do so. States vary substantially in the type of coverage required by law and in the limits each portion of a policy must meet. The majority of states require motorists to carry some type of property liability, but some states may require bodily liability, personal injury protection, or Uninsured/Underinsured motorist coverage; some states may require them all. The first step to obtaining the proper protection at the most affordable rate is by gathering quotations from several companies due to the fact that some particular states have droves of companies that are licensed to issue policies and each will…

Honest motorists in the UK are footing an annual bill of more than

Aon has appointed Bruce Grant as senior broker, renewable energy team. Mr Grant joins from Marsh, where he managed the renewable energy team and designed and placed major offshore wind policies, having co-designed what have since become the standard offshore wind policy wordings. He brings over a decade of renewable energy experience, including working on the first offshore wind deals placed …

Aviva’s RAC unit has launched a specialist patrol team to aid the 400-plus motorists per day who accidentally put the wrong fuel in their cars. RAC Fuel Patrol vans are fitted with equipment to extract the contaminated fuel and flush the vehicle’s fuel system on the spot, with motorists driving away, on average, 40 minutes after the patrol arrives at the scene. The service is not included as part of a breakdown policy, but is available to both RAC members and non-members, for £175 and £190 respectively. A number of patrols are already operating in London, Derbyshire…