Association of British Insurers (ABI)
ABI warns government against adding to burden of costs
The Association of British Insurers has said that it is "open minded" to regulatory changes to the financial services sector.
Post in print – 17 June 2010
News editor Mairi MacDonald outlines the major news stories from this week’s issue of Post, including: the possibility that the government may look to buy more insurance in a strategic move to cut costs; Tesco price comparison coming under scrutiny…
Penny Black's Insurance Week
Insurance and West Bromwich Albion have not appeared in conjunction too often in this column in the past — bar one reference to Baggies fan and Towergate CEO Andy Homer's lucky pants, perhaps.
Postscript - 5 years ago: Pay-as-you-go motor scheme
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 5 years ago reveals.
High Net Worth - Rates: An overheating market
New entrants are circling the high net worth arena, as it is talked up as an area of potential growth. However, as Ralph Savage reports, others claim it is a car crash waiting to happen.
Spot check tool aims to defuse credit hire tension
Accident Exchange Group subsidiary APU is set to launch a new online spot hire rate service aimed at "defusing the tension" in the credit hire industry.
ABI: no bias against NI
There is no fundamental bias against the Northern Irish motor and property markets — and higher costs in the legal system are the reason personal injury claims tend to be steeper.
ABI chair calls on government to put words into action over tax reform
The outgoing chairman of the Association of British Insurers Archie Kane, has launched an attack on European law makers for not differentiating between insurance and other financial services.
Brokers unite in call for new code of conduct for covenant breaches
A British Insurance Brokers’ Association regional head has called for a new code of conduct to help reduce the legal bill and inconvenience faced by intermediaries defending themselves against former staff who break their restrictive covenants.
Post in print - 10 June 2010
Post reporter Amy Ellis outlines this week's major news stories from Post including: government move over midwives; brokers unite for covenant code; Cooper Gay IPO; Money Supermarket fraud action; and Hyperion flotation insight.
Money Supermarket steps up fraud battle
Price comparison giant Money Supermarket is rolling out a revamped home insurance website, which includes improved measures to combat fraud.
ABI welcomes rejection of bank levy
The G20 finance ministers have rejected plans by the International Monetary Fund (IMF) to apply a levy to all financial institions.
ELTO success not dependent on FSA
The insurance industry has continued to back the formation of an Employers’ Liability Tracing Office, despite concerns about the future of the Financial Services Authority.
Fraud - World Cup warning: Eye on the ball
Major sporting events are a magnet not only for fans but also financial criminals. Mark Jones explains how South Africa has a secret weapon to bolster its defences as the 2010 football World Cup kicks off.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
New ABI chairman outlines challenges ahead
Tim Breedon, group chief executive of Legal & General has been nominated to become the next chairman of the Association of British Insurers.
Motor - Safety developments: Safety first and last
Thatcham is busy testing a range of new technologies that could reduce accident rates. Leigh Jackson takes a closer look at them.
IIWG future in doubt as ABI looks to pick up leadership
The Association of British Insurers is expected to take up the mantle from the Insurance Industry Working Group, after the change of government threw its future into question.
FOS blames claims management firms for rise in PPI complaints
The Financial Ombudsman Service has raised concerns over claims management companies taking advantage of problems in the payment protection insurance market to bring often spurious complaints.
The claimant's view: A fairer, better Britain
We welcome the new government's commitment to a compassionate society, one that values fairness and responsibility and the pledge by David Cameron to look after the frail, the elderly and the poorest in society.
Risk management: Understanding risk
The difference between insurers and banks is being increasingly ignored and Adrian Brown says this is making risk management even more important.
Bodies meet over ash
The British Insurance Brokers' Association, the Association of British Insurers, the Financial Ombudsman Service and the Financial Services Authority met on Tuesday to discuss the fallout from claims complaints arising from the volcanic ash disruption.
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
ABI estimates £62m payout from volcanic ash disruption
The Association of British Insurers has said that the cost of volcanic ash disruption to travel insurers between the 15 – 21 April is likely to reach £62m.