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Direct Line Insurance Group plc is a British insurance company based in the United Kingdom, formed in 2012 by the divestment of The Royal Bank of Scotland Group's (RBS) insurance division, through an initial public offering.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Pistol shooting for sporting purposes was effectively banned in 1997, although a temporary exemption was made for competitors to bring Section 5 firearms into the UK for the 2002 Commonwealth Games. This exemption only applied to the Games period and Home Nation pistol shooters had to train abroad prior to the Games.
The company became the first insurance franchise and the first to introduce a computer quotations system, which is now common in major UK insurers. [11] In 1981, Ken Scowcroft's son, Brian Scowcroft, joined the business and worked in a number of different roles including Finance Director [ 12 ] before being appointed Joint Chief executive in 1985.
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Pages in category "Insurance companies of the United Kingdom" The following 106 pages are in this category, out of 106 total. This list may not reflect recent changes .
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However, they may still be obliged to pay any innocent third party claimant as the RTA Insurer (i.e. they still have a liability to third parties). A maximum of £1,000,000 can be paid for third party property claims and the insurer may look to pursue their policyholder for the cost of any payments made.