Association of British Insurers (ABI)
This week: Big moves, whiplash and loyalty
After vacating our Haymarket office last week, the entire Post team finally feels settled in our new home in the City – the heart of the insurance industry.
No certainty for insurance industry as UK and EU reach Brexit withdrawal agreement
The withdrawal deal between the UK and EU does not provide certainty for the insurance industry, the British Insurance Brokers’ Association has warned.
CMCs receive one in every five nuisance call fines
Claims management companies have received 20% of all fines for nuisance calls, messages and emails handed out by the Information Commissioner’s Office since 2010.
Ecclesiastical and ABI become core participants in child abuse investigation hearings
The Association of British Insurers and Ecclesiastical are among four organisations granted core participant status in an investigation into accountability and reparations in non-recent child sexual abuse cases.
Top motor accident solicitor slams ministers on whiplash
Whiplash reforms should be delayed as rushing through a "minimum viable product" will create unacceptable challenges for claimants, lawyers have warned the government.
Government to introduce improved building safety standards
Insurers have welcomed the government’s commitment to improving building safety standards.
This week: All at sea
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Millions unaware of post-Brexit green card requirement
UK motorists are unaware of the legal requirements to drive in the European Union if we leave Europe without a deal, warn insurers and brokers.
Blog: Breaking the dual pricing habit
Studies are now estimating it takes a smoker on average 30 attempts to quit smoking.
Penny Black's Social World: October 2019
Going for gold, tackling diversity and new partnerships
‘Bad outcome’ as Ogden rate remains unchanged in Scotland
The Ogden rate will remain fixed at minus 0.75% in Scotland, raising the prospect of higher premiums for motorists north of the border.
Trade Voice: Gordon Dalyell, Apil
Following insurer outcry as the Ogden discount rate was set at minus 0.25%, Association of Personal Injury Lawyers president Gordon Dalyell underlines that the industry is set to save hundreds of millions, while claimants still face an "unfair" rate.
Insurers respond following Thomas Cook collapse
Insurers have responded following the failure of Thomas Cook in the early hours of this morning, which has prompted the largest peacetime repatriation in British history.
Analysis: How well have insurers and brokers adapted to providing access to insurance for people with disabilities?
With the introduction of the Equality Act, it became illegal for insurers to price disabled customers’ premiums on any factors that do not directly impact on the risk
Insurers confirm ‘ongoing commitment’ to work with inquiry on child abuse claims
Insurers have welcomed the “thoroughness” of a report published by the Independent Inquiry into Child Sexual Abuse and have committed to working with it on its recommendations.
Child abuse inquiry slams ‘hostile, baffling, frustrating and futile’ claims process as it pushes for insurer action
Setting up a register of public liability policies, revising damages and ensuring there is a claims code of practice are among a number of recommendations the Independent Inquiry into Child Sexual Abuse has made in a report published today.
Analysis: Rash of cancelled cover highlights the role of the broker
A rise in the volume of UK businesses that have cancelled at least one type of insurance cover over the past few years has served to highlight the importance of the broker’s role in the insurance buying process
Government pledges £62m flood funding
The government has pledged £62m flood defence investment for communities across Yorkshire, Cumbria, the North East and the South East of England.
Thatcham publishes guidelines for autonomous vehicles
Thatcham has published guidelines to help transition vehicles from assisted to automated driving.
Analysis: Trampoline parks – on an upward trajectory for insurance?
To borrow an analogy from Forrest Gump’s mother, writing about insurance can be like a box of chocolates – you never know what you’re gonna get. On the topic of trampolines, an assortment of ‘no comments’ left a rather nasty taste
This month: A long road ahead
It’s been a topsy-turvy month in Parliament and this week a bill was passed by MPs aiming to block a no-deal exit from the European Union. But as the UK continues to face uncertainties over Brexit, across the pond this month we saw scenes of destruction…
Analysis: Should the government revise the deadline for the whiplash portal?
The small claims portal is due to enter its testing phase in October, before officially launching in April 2020. However, many in the industry are concerned that the proposed deadline is not feasible, given the lack of clarity from the government
Interview: Huw Evans, ABI director general
The industry faces heavy scrutiny from regulators and the government over pricing practices and personal injury reform, all while reeling from the prospect of a looming Brexit. Huw Evans, Association of British Insurers director general, spoke to Jen…
Insurers call for ‘tough compromises’ to ensure claims portal meets targets
The government needs to make “tough compromises” to ensure the claims portal meets the target launch date of April next year, insurers have warned.