The 3.5% hike in insurance premium tax (IPT) that came into effect at the beginning of November could be just “the tip of the iceberg” in terms of increasing insurance costs for truck operators, a leading commercial vehicle insurer has warned. The rise, which was announced in the budget in July and affects a range of insurance policy types including motor insurance and national goods-in-transit (GIT) cover, as well as buildings, contents, public liability and employer’s liability policies, leaves IPT […]
The Insurance Fraud Bureau (IFB) has called for a greater focus on the role played by claims management companies (CMCs) in so-called ‘crash-for-cash’ incidents, in which accidents with innocent parties – often LGV drivers – are engineered in order to make a fraudulent motor insurance claim.
A petition calling for a full investigation into possible price fixing in the UK road fuels market has generated over 32,000 signatures.
Supply chain consultancy Dematic has argued that recent structural changes in the grocery market have the potential to “significantly disrupt the food distribution chain”.