The UK Government has decided against funding for a scheme to subsidise insurance for households in danger of flooding. The current scheme, whereby insurers cover those homes likely to be affected at a lower premium than they would normally do, expires in July. That scheme existed due to Government pledges to expand flood defences. The …
When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction – and none raised a flag about what HP said on Tuesday was a major accounting fraud. HP had relied on a string of leading accounting and legal advisers prior to their …
The Health and Safety Executive (HSE) is now operating a Fee for Intervention (FFI) scheme which came into operation on the 1st October 2012. Under the Health & Safety (Fees) Regulations 2012 those who break health and safety laws are liable for recovery of HSE@s costs which would include inspection, investigation and taking enforcement action. …
Trading in Google’s shares were suspended yesterday for several hours following an alleged blunder by a printing firm caused shock accounts figures to be released early. The plunge in share price was the single largest drop in stock market history as over $24 BILLION was wiped off the company’s value in just 8 minutes. The …
Watkin Jones & Son Ltd was the principal contractor during the building of the Menai Centre in Bangor. Thomas Whitmarsh, 21 was working for a company that was sub-contracted to carry out roof work at the site. In December 2009, Mr Whitmarsh fell 6 metres through an unguarded opening in the roof to the floor …
In a case before the North Tyneside magistrates court on 21st September, DMI (UK) Ltd were found guilty of breaching section 2(1) of the Health and Safety at Work Act 1974 for failing to provide a safe system of work. The case related to serious burns suffered by their employee, Michael Reid, who was drenched with …
BBC News have a useful video interview with Clare Francis who provides sound advice for homeowners affected by the recent UK flooding. The video can be found here:BBC News – UK floods: Insurance expert advice.
Allianz, one of the UK’s leading commercial insurers, has raised awarenesss regarding a potential increased risk of squatting in commercial premises. Unoccupied Commercial Property Insurance – Increased Risks From the 1st September squatting in residential buildings in England and Wales became a criminal offence, with perpetrators facing up to six months in jail and a …
Aviva have today announced five new policy wordings for the ever expanding IT and Media sectors. Available as individual policies or packaged with other business insurance from Aviva, the new policies reflect the fast pace of change in the industry. Aviva has provided flexible and tailored expertise in Professional Indemnity for over 40 years. Our …