Association of British Insurers (ABI)
Credit hire GTA set for audit
The technical committee that oversees the general terms of agreement between insurers and credit hire organisations is planning an independent audit of the voluntary protocol.
Gangsters face premium hikes under police plan
Strathclyde Police has began revealing the names of gangland figures to insurance firms and life assurers, according to a report in the Herald.
IFB warns motorists over fronted policies
The Insurance Fraud Bureau has warned that any drivers found fronting their car insurance policies will be caught.
CL launches liability fraud unit
Cunningham Lindsey has set up a dedicated unit to tackle the increase in liability fraud.
Postscript - 10 years ago: ABI plans wholesale shake-up
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10-years ago reveals.
ABI backs Law Commission plans for consumer legislation
Law Commission proposals to update consumer insurance legislation for the first time in more than a century have gained the backing of the Association of British Insurers.
JLT boss draws parallels between terrorism and flood insurance
The Government’s £200m cuts on flood defences could have a catastrophic effect on the commercial property market by making flood insurance unavailable.
ABI: UK facing £7m daily burst pipe bill
The Association of British Insurers has warned that the damage caused by burst pipes could cost the UK £7m a day this winter.
Axa: homeowners in flood risk areas are underpaying for insurance by 58%
Household insurance for homes in high flood risk regions is being subsidised by £511 each year, according to Axa. This means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect their homes against flooding.
Mortgage fraud - Regulation: Safe as houses?
Concern at the scale of professional negligence in the mortgage industry has prompted renewed focus on regulation. But will these efforts succeed in stamping out fraud, asks Jennifer Bates.
Defra unveils 'payment for outcomes' flood scheme
Dealing with flood management in the "narrow sense of government funding" is "unimaginative and ineffective", according to the minister charged with its responsibility.
ABI names new investment affairs director
The Association of British Insurers has appointed Jonathan Davis as the new director of investment affairs replacing Peter Montagnon.
Postscript - 10 years ago: Bupa to roll out whiplash treatment
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Government and police back DVLA motor data access pilot
The government and the Metropolitan police have thrown their weight behind a pilot scheme which will give motor underwriters access to externally held personal data on customers to check whether they have lied on their policy submissions.
ABI: cost of flood damage has tripled since year 2000
The cost of flood damage since 2000 has soared by 200% compared with the previous decade, with yet more people set to be at significant risk of flooding, according to the Association of British Insurers.
Young resignation has no impact on report action
Implementation of Lord Young of Graffham's report will be "carried forward regardless", following his resignation as an adviser to the coalition government over his recession comments.
Former Biba chief Williams to return with Coversure
Former British Insurance Brokers' Association chief executive Mike Williams is set to open a new branch for franchise-based broker Coversure, Post understands.
Good practice guide backed
The Association of British Insurers' good practice guidance has voluntarily secured the backing of 80% of price comparison websites.
ABI figures reveal insurer flood bill has rocketed 200% to £4.5bn
Figures published today by the Association of British Insurers show that the cost of flood damage since 2000 has leapt by 200% on the previous decade.
Industry “partly responsible for inaccurate insurance applications”
Millions of people in the UK are putting their homes at risk because of inaccurate declarations when applying for insurance, according to Avantia, provider of the online platform for non-standard household insurance.
ABI’s good practice guidance clearer for consumers buying online
The Association of British Insurers has said that its good practice guidance launched at the beginning of the year is making it easier and clearer for consumers to compare and buy general insurance products, such as motor and household insurance online.
Law Commission gains “strong support” for damages proposals
The Law Commission has revealed that its proposals to modify current insurance contract law on damages has been well received by the industry.
Torrance slams new entrants over rates
Allianz UK chief executive Andrew Torrance has bemoaned the short- sightedness of some of the recent commercial entrants for keeping rate rises in check.
Industry bodies heartened by private sector potential
The Association of British Insurers and British Insurance Brokers' Association have welcomed the prospect of greater private sector investment in flood defences following the government's decision to cut the budget.