Association of British Insurers (ABI)
ABI backs Jackson's proposals
The Association of British Insurers has called for the findings of Lord Justice Jackson’s review of civil litigation costs to be implemented in full, as soon as possible.
Warning over rise in discrimination claims
A law firm has warned insurers and brokers they may be exposed to a rise in claims following implementation of a new "three strikes rule" regarding workplace discrimination, due to come into force on 1 October.
Mixed reaction for new EU finance bodies
The creation of three new European supervisory authorities and a European systemic risk board has been welcomed by the government.
Identity fraud: Tolerance levels
With technological advances arguably making insurers more susceptible to fraud at the underwriting stage, should validation techniques be learned from banks? Amy Ellis examines the issue of fraud at the front end.
Fraud - travel insurance: The Achilles heel
As the third package tour operator since July collapses, Nikki Grieve-Top highlights the importance of travel insurance but also warns of its vulnerability to fraud.
IUA: businesses “dangerously exposed” to new environmental laws
Businesses relying on traditional public liability policies to insure against environmental risks may be “dangerously exposed” to new laws designed to make polluters pay for damage, according to the International Underwriting Association.
View from the top: Time to share fraud data
Industry fraud statistics are normally presented as a good news story. Last year, insurers stopped 122 000 frauds, preventing payment of a huge £840m.
Chaucer recruits former Axa CEO Wood as non-exec
Chaucer Holdings has appointed Mark Wood as a non-executive director from today. He joins the audit, remuneration and nomination committees, and following FSA approval, will become a non-executive director of Chaucer Syndicates, the group’s Lloyd’s…
ABI issues consumer insurance guide
The Association of British Insurers has published a guide of its top tips and myths to help consumers make the right choices when buying cover.
Climate change - flood defences: Manning the defences
With the government cutting the budget for flood and coastal risk management and the coming expiry of the Statement of Principles, Amy Ellis looks at the future of flood defence.
Health insurance - IPT rise: A bitter pill
With the failure of the industry's efforts to persuade the Treasury to freeze, or indeed lower, insurance premium tax on private medical insurance, Veronica Cowan looks at what it would take to lobby more effectively.
Postbox: Discovering the intentions of customers
As the Actuarial Party's recent report states, claims management companies are driving some people to claim.
Allan Bridgewater - an obituary
Allan Bridgewater, who died on 5 August, aged 74, was a major force in the insurance industry throughout his long career.
Fire claims costs reduced
Insurers have paid out £566m for damage caused by fire in the second half of 2009, statistics from the Association of British Insurers have revealed.
Postbox: Nick and Tom in agreement?
It is a pleasure to be able to write 'I agree with Tom [Jones, Thompsons partner]'
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Investment in flood defences must be a government priority
The Association of British Insurers who has warned today that as climate change increases flood risk, the coalition government must make investment in flood defences a priority despite the squeeze on spending.
NI motor still competitive despite higher cost for consumers
Imbalance between the volume of motor claims in Northern Ireland (5.4% of the UK total) compared to the number of vehicles (2.6%) is contributing to higher insurance premiums in the province.
Editor's comment: Operation Tinky Winky
Last week, the issue of fraud was again writ large in the insurance trade press with the latest figures from the Association of British Insurers revealing 122 000 fraudulent insurance claims were uncovered in 2009, up 14% on 2008. The value of these…
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
Aviva: millions saved by 'ghost broker' clampdown
A clampdown on the fraudulent activities of so-called 'ghost brokers' has saved Aviva "several million pounds" in dubious motor claims, Post can reveal this week.
New financial regulation "will benefit all"
The Association of British Insurers' director of financial regulation and taxation, Peter Vipond, has spoken out in response to today’s Treasury consultation.
ABI confirms insurance fraud hit £16m a week in 2009
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers.
Fraud Awards shortlist announced as ABI unveils latest detection figures
The shortlist for the 2010 Insurance Fraud Awards - recognising excellence and best practice in combating and preventing insurance fraud - has been announced today.