Insurance news

• Whiplash: the myth that funds a £20bn gravy train

  29-04-2017 08:00
  
  After an accident I stepped away uninjured but was pestered to claim. Now, a brave neurosurgeon speaks outTen years ago I was in a country lane in Leicestershire, indicating to turn right to go into a hotel for a family event. Seconds later my car was a write-off after a young driver careered round the bend, smashing into the rear of my VW Golf. Fortunately I stepped out uninjured. And from that moment I was pestered, again and again, to make a false whiplash claim.One of the hotel’s guest
  
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• Barrette exits White Mountains with $21mn

  29-04-2017 03:35
  White Mountains CEO Ray Barrette has received a $21mn payout on
  his retirement from the company - a sum large enough to erase the
  company's expected first-quarter earnings, according to one
  analyst.
  The reasons for the lump sum payment were not made explicit in
  the SEC filings detailing the terms of Barrette's exit from the
  company he rejoined in 2007.
  The payout was roughly equal to the value of the unvested 5,000
  restricted shares and 10,000 performance shares held by...
  
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• Independent Insurance victims finally receive payout

  29-04-2017 00:52
  Customers and employees awarded partial compensation 16 years after collapse
  
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