MoJ: New fixed fee regime to be subject to further consultation

The government has concluded that implementing a new fixed fee claims process and the development of an assessment tool are to be put on the backburner.

The MoJ said: "The government has considered the various views put forward on fixed recoverable costs. Some argued that the current cost regime was not in need of any alteration as there were already

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Inflation issues remain despite drop in rate

Speaking at the Insurance Post Claims Club, Allianz’s chief claims officer Graham Gibson stated that the latest inflation figures seen this week will not trickle down to insurance any time soon.

Building Back Better at Chelsea Flower Show

Flood Re’s Build Back Better scheme is being used to not only fund internal flood resilience changes but also adaptations to outside space and gardens in the quest to stop and reduce flood waters entering properties, explains Stephen Linklater, claims director of Ageas.

Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.