Association of British Insurers (ABI)
Sector must tackle rising escape of water claims, warns ABI
Tackling the rising costs of escape of water claims must be the “number one priority” for the domestic property insurance market, the Association of British Insurers has said.
Insurers welcome IPT freeze in this year’s Budget
The government will not raise insurance premium tax in this year’s Budget, a move which has been welcomed by insurers.
MP launches petition to freeze IPT rise
An MP has launched a petition urging the government not to raise the Insurance Premium Tax in next week’s budget.
ABI releases video urging no further IPT rises
The Association of British Insurers has launched a video urging the Chancellor not to increase Insurance Premium Tax in the November budget.
ABI calls on EIOPA to address 'flawed' risk margin
The Association of British Insurers has called on the European Insurance and Occupational Pensions Authority to address the "flawed" Solvency II risk margin.
Thatcham sets out driverless cars assessment criteria
Thatcham Research has set out a list of criteria to assess cars marked as “autonomous” or “driverless”.
IPT rise would hit rural communities the hardest
Further increases in the rate of Insurance Premium Tax in the Chancellor’s forthcoming budget would hit farmers and rural communities disproportionately, NFU Mutual has warned.
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
IPT raising £4.8bn a year
Insurance Premium Tax is raising £4.8bn a year, or £179 per household, new research has found.
Blog: LV's Sue Jones on her fraud-fighting career
Sue Jones, head of GI fraud strategy at LV, explains how fraud became an industry focus.
MPs urge PRA to review Solvency II
The Prudential Regulation Authority must develop proposals to remove the limitations of Solvency II for the insurance market, MPs have said.
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Insurers back fire chiefs' calls for mandatory school sprinklers
Insurers have backed calls from the National Fire Chiefs Council to fit all refurbished schools with sprinklers.
This Week in Post: Red suns and robots
A Blade Runner mist engulfed London on Monday as storm Ophelia blew Saharan sand into the capital. Struck by the eerie atmosphere, City workers tweeted pictures of the yellow sky, which an Irish commentator promised to look at “as soon as our houses land…
Brightside's Mark Cliff on the impact of the discount rate for brokers
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.
Industry calls for driverless cars bill to be 'straightforward'
Insurers have called for laws on driverless cars to be "as straightforward as possible".
Outdated fire regulations putting lives at risk, says ABI
The Association of British Insurers has called for a change to fire safety regulations asking for a clearer framework of responsibility for all those in the protection of buildings from fire.
This week in Post: storm warning
Almost 30 years ago to the day, I had my first introduction to the power of Mother Nature and the world of insurance as the 'Great Storm' of October 1987 swept across the UK.
Insurers gear up for Hurricane Ophelia on anniversary of 1987 Great Storm
A major hurricane is expected to batter the UK next week, as the insurance industry marks 30 years since one of the most devastating storms to ever the country.
Government launches holiday sickness claims consultation
The government has published a call for evidence on measures that could help curb the number of personal injury claims arising from package holidays.
Grenfell Tower insurer rejects two fraudulent claims
Exclusive: The insurer of Grenfell Tower has rejected two fraudulent claims over the fire, and paid out five others.
Research: Focus on fraud
What does a Greek merchant in 300BC delivering corn on a cargo ship have in common with nearly one-tenth of today’s UK population? The answer is insurance fraud. Michèle Bacchus takes a closer look.
Analysis: Rate revision: changes to Ogden
Insurers consider the impact of the proposed U-turn on the Ogden rate
Monarch customers 'may not be covered' under travel policies
Travellers affected by the collapse of Monarch may not be covered for cancelled flights under their travel insurance policies.