Association of British Insurers (ABI)
Ex-flood chief warns UK could face Oz-type disaster
Investment in defences needs to be ongoing or the UK could face a situation as devastating as the recent flooding in Australia.
RSA embroiled in legal row over ‘new credit hire’ – Insurance News Now – 17 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including how RSA has become embroiled in a legal spat with Provident over subrogated motor repair costs.
Legal costs "gravy train" costing UK consumers £2.7m every day
The Association of British insurers has said that it is time to put the “brakes on the legal costs gravy train” that is costing UK consumers £2.7m every day.
Claims Club news: Industry to take active role in the PAS 64 review
The Association of British insurers is to take an active role in the recently announced review of the standard for repairing flooded property — PAS 64 — after it was highlighted as an action point by one of the trade body's working parties.
Ruling opens door for non-FSA approved indemnifiers
Legal expenses insurers have warned that a recent ruling could pave the way for solicitors without Financial Services Authority approval to offer indemnity against defendants' legal costs.
APPG - 20 years in force: Representation for the industry
With its 20th anniversary just passed, David Worsfold looks at the success of the All Party Parliamentary Group on Insurance & Financial Services, detailing some key highlights from two decades of debate.
Insurer refuses to accept ABI's 'nightmare' gender ruling guidance
One of the UK's largest specialist female insurers has scoffed at the Association of British Insurers' suggestion that it could potentially have to re-underwrite its whole book following the European Court of Justice's gender verdict due on 1 March.
Claims Club news: ABI rules out centralised flood response body
The Association of British Insurers is poised to reject the concept of having a centralised response to surge events, which could have seen streets allocated a specific loss adjusting firm to moderate claims.
Motor and home claim costs reach £1.4bn after freeze
Total costs for motor and home claims reached £1.4bn between during 24 November to 31 December 2010, as the big freeze swept across the UK, figures released by the Association of British Insurers have revealed.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
ABI warns members to prepare for EU gender ruling
In a letter sent by the Association of British Insurers to board members, acting director general Maggie Craig, has advised members to make the necessary preparations for a judgment by the European Court of Justice that as a general principle differences…
Quinn signs up to ABI's GTA agreement
Quinn Insurance has signed up to the Association of British Insurers' general terms of agreement between insurers and credit hire operators.
Motor Claims 2011 – Roundtable: Communication over crash claims
As motor insurers seek to reduce claims costs, Post gathered a group of industry experts together to debate whether a law change would help. Jonathan Swift reports.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Solicitors' PI shake-up plan divides the market
The Law Society has slammed plans to exclude financial institution claims from the compulsory minimum terms of professional indemnity insurance.
Motor claims: Can insurers stem the rising cost of whiplash claims?
With 93% of GPs seeing patients they believe to have exaggerated injuries in order to make a claim, Leigh Jackson asks how insurers can stem the rising cost of whiplash cases.
Legal update: Countering claimant credit hire charges
Credit hire cases are notoriously difficult to defend, even when liability is admitted, says Emma Massey, but insurers can and are securing some success in the courts.
UK insurers taking measures on gender price fears
Research and data company Wunelli has warned insurers that a possible European Court of Justice decision to overturn the UK’s opt out on gender legislation would be highly damaging to UK insurers.
ABI responds to FSA product intervention paper
The Association of British Insurers has responded to the discussion paper published by the Financial Services Authority.
Biba joins forces with ECGD
The British Insurance Brokers’ Association’s trade risk focus group is forming a working group with credit agency Export Credits Guarantee Department.
AA price index shows car premiums still rising
The AA’s British Insurance Premium Index shows that over the last three months of 2010, car insurance premiums jumped by a further 6.4% - adding £51 to the cost that drivers typically pay for an annual comprehensive car insurance policy
Swiftcover backs ABI motor research
Swiftcover said it has backed the Association of British Insurers call for better access to information in the battle to keep motor premiums down.
Commentary - Winter freeze: Burst pipe problems
The industry is currently paying out an estimated £7m a day over burst pipe claims. Graeme Fitzpatrick asks if insurers are doing enough to help customers prevent them.
RSA joins forces with WWF to call for sustainable drainage
RSA has called for an increase in sustainable urban drainage systems to combat the growing effects of climate change.