Latest Insurance News

Grange Drivers Entitled to Refund

By Amy Saunders, The Columbus Dispatch, Ohio Sep. 7--Nearly 200,000 Ohio drivers are due a refund on car-insurance payments now that a class-action lawsuit against Grange Mutual Casualty Co. has been settled for $51 million. Grange customers can collect $100 to $400 if their policies covered accidents involving uninsured or underinsured motorists between October 1994 and September 1997, said Patrick Perotti, the plaintiffs' attorney. The lawsuit, filed by Dworken & Bernstein Co. in Pain...

Now Admiral Eyes Italy As It Posts Record Half-Year Profits

By Sion Barry Motor insurance group Admiral's appetite for growth was further underlined yesterday when it posted record half-year profits. The stock market company, which has its headquarters in Cardiff, announced a top allowance of free shares to all of its employees worth pounds 1,500. It also confirmed its latest move into the mainland Europe market, with Italy earmarked for 2008. It already operates in Spain and could have its German operation up and running this winter, or at the late...

Company News

By Linda Dunham CONTRACTS The King Agency has been retained by Global Healthcare Alliance to create a direct mail marketing campaign. Bailey Auto Insurance has retained copeland casati media for Web development and marketing services. Oliver Creative has been retained by StreamLine Timberworks and Capital Results for Web-site design and development. AWARDS The University of Richmond Dining Services won the gold medal for medium-size colleges and the People's Choice Award from the ...

Admiral Success Means Windfall for Each Employee

Staff at Cardiff-based insurer Admiral are to be handed pounds 3m worth of free shares thanks to bumper profits unveiled today. The 2,000 employees at the firm's Greyfriars headquarters will receive an average of pounds 1,500 in shares each. In its figures for the first half of 2007, profits at the 14-year-old city success story rocketed by more than a quarter. Before tax, the company made pounds 86.3m, up 26 per cent on 2006, on a turnover up 16 per cent to pounds 417.8m. Chief executive...

Admiral Not Comparing Prices for Key Website ; INSURANCE

Admiral Group is not actively pursuing selling a stake in price comparison website, Confused.com, the UK motor insurer's chairman, Henry Engelhardt, said. "If someone walked in and said 'Here's a chequebook' then we'd obviously look at selling the stake, but we're not actively pursuing anything," he insisted. Admiral wholly owns Confused.com. Confused.com, which made profits of pounds 19.7 million, up from pounds 8.7 million at the same time last year, was the star performer in Admiral'...

Insurer Won't Put Breaks on Car Insurance

By Lucy Farndon MOTOR premiums will continue to 'creep' up after a 5pc rise in the first half, says insurer Admiral. Boss Henry Engelhardt says this is a necessary step because claims are rising by 3pc-7pc and insurers cannot afford to keep swallowing the cost. Many consumers are savvy enough to make the most of price comparison sites, including Admiral's own brand Confused.com, to get the best deal. Confused's 65pc share of the car insurance price comparison market is slipping with t...

Motorists Face Higher Insurance Premiums

By James Moore Motorists face further rises in car insurance premiums during the coming year, one of the country's leading car insurers warned yesterday. Admiral Insurance's chief executive, Henry Engelhardt, said premiums had risen at about 5 per cent over the past year and predicted that they could increase by 6 per cent over the next 12 months. It follows nearly four years of flat rates between 2002 and 2006. Mr Engelhardt said rates had been kept artificially low through the early p...

Round UP: Staff Get Share of Pounds 3m Profit

CAR insurance group Admiral is to hand out a share windfall worth pounds 3m to staff after a 26% leap in half-year profits. Around 2,300 staff at the group - which owns insurance brands Admiral, Elephant.co.uk and price comparison website Confused.com - are set to benefit from the share bonus. Swansea and Cardiff-based Admiral made the announcement as it celebrated better-than-expected pre-tax profits at pounds 86.3m in the first six months of the year, against pounds 68.7m in the same pe...

Admiral Bonus ; In Association With RBS

CAR insurance group Admiral is planning a staff share windfall worth pounds 3m after posting a 26% leap in half-year profits to pounds 86.3m. Around 2,300 staff at the group - which owns insurance brands Admiral, Elephant.co.uk and price comparison website confused.com - are set to benefit from the share bonus. (c) 2007 The Journal - Newcastle-upon-Tyne. Provided by ProQuest Information and Learning. All rights Reserved.

Staff Will Get Share of Windfall ; IN ASSOCIATION WITH Renshurg Sheppards Group Posts 26% Leap in Profits

By HOLLY WILLIAMS Business Correspondent CAR insurance group Admiral said it would hand out a share windfall worth pounds 3m to staff as it posted a 26% leap in half- year profits. Around 2,300 staff at the group - which owns insurance brands Admiral, Elephant.co.uk and price comparison website confused.com - are set to benefit from the share bonus. Swansea and Cardiff-based Admiral made the announcement as it celebrated a "fine performance" in the first six months of the year, with bet...