Association of British Insurers (ABI)
Fundamental changes to Medco ruled out despite early criticism
The Ministry of Justice is said to be reviewing Medco’s integration but will not consider a major overhaul amid criticism from law firms over the whiplash portal’s performance in the six weeks since its inception.
Conflict with Medco mooted as revised rehab code awaits summer launch
Draft proposals for the revised rehabilitation code have sparked calls for a “distinct pathway” to be established for low value whiplash claims so as not to conflict with the fledgling Medco scheme.
Notion of non-compulsory motor cover for driverless cars dismissed by experts
Public mistrust of driverless car technology and a potential influx of personal injury law suits have been cited by industry experts as the main reasons why the development of autonomous vehicles will not lead to the end of compulsory motor insurance.
ABI calls for one year minimum learning period for young drivers
The Association of British Insurers has reignited its lobbying campaign around the need to introduce graduated driving licencing and is calling for the new government to publish a green paper on the matter.
Insurers dismiss 'misleading' CRU figures showing declining whiplash claims
Insurers have described government figures obtained via an Association of Personal Injury Lawyers freedom of information request as “misrepresentative” of the true scale of whiplash claims.
Latest insurer data leak reignites calls for tougher CMC regulation
Insurers and claimant lawyers have united in calling for tighter regulation of the claims management industry after the latest data breach involving an insurance company employee selling confidential customer information sparked a police inquiry.
ABI's Evans praises government as one insurers can work with
Association of British Insurers director general Huw Evans has deemed the Conservative government elected today (8 May) as one the insurance industry can work with.
Civil justice issues in danger of being sidelined by EU referendum
An insurance law firm has warned of a "strong possibility" civil justice reforms will take a back seat under the newly elected Conservative government while it focuses on the proposed 2017 European Union referendum.
Case managers guide to be published alongside rehab code this summer
Proposed changes instigated as part of a revised rehabilitation code will include a separate process for lower-value injuries and the introduction of an accompanying guide for case managers.
Insurers ‘not yet at the table' to provide cyber solutions to customers
Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
Data protection key as insurers seek to improve online engagement
Insurers have conceded they must overcome concerns regarding data protection breaches if they are to improve online customer service, following a survey that showed the sector is failing to adequately engage with consumers.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
ABI says that cyber insurance to be the norm by 2025
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
ABI urges pet owners to take advantage of growing market
Insurers paid out record amounts in pet insurance feeds in 2014 but large swathes of animal owners are still failing to take advantage of the cover on offer, according to the Association of British Insurers.
ABI tracker sees 2% dip in motor premiums
The average price paid for private comprehensive motor insurance fell 2% from Q4 2014 to £360 in the first quarter of 2015, according to the Association of British Insurers' quarterly premium tracker.
ABI unveils insurance priorities for next government
The Association of British Insurers has published a list of 10 insurance and savings priorities for the next government.
ABI premium tracker shows home rates down 2% in Q1
Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
Insurers and claimant solicitors partner on fraud initiative
Insurers have teamed up with claimant solicitors to offer a service aimed at preventing fraudulent claims entering the compensation process.
Premium cuts unlikely as flood resilience certificate gains CILA backing
Plans to create a certificate that would allow homeowners to prove their property had undergone adaptations to improve its flood resilience has gained loss adjusting support, however, industry experts are doubtful the concept will trigger rate reductions.
Claims Club: Collaboration during catastrophes vital to protect industry reputation says Biba
Collaboration at times of surge remains a polarising topic, with the industry divided on the extent to which rivals should work in partnership during catastrophic events.
Blog: Challenging ‘substantial injustice' could be the big test of the new fundamental dishonesty clause
Ambiguity around the 'substantial injustice' provision of the Criminal Justice and Courts Act could mean more work for lawyers and insurers
Post Blog: Mind the gap - CII Next Gen Claims Group to report on surge response
In football how often do you see a goal scored – especially after a set play - where the goal keeper and defenders look at each other afterwards and exclaim that the scorer was “not their responsibility”?
Blog: Should we look forward to the mandatory licensing of investigators?
New licensing regulations for third party private investigators aren't so much red tape as strategic defence, says CEGA'S head of special investigations, Simon Cook.
In-house investigators dodge PI regulation amid deadline delay
In-house claims investigators will not be subject to statutory licensing for private eyes, according to the Association of British Insurers, which has expressed concerns that uncertainty around the introduction of PI regulation is “hindering” insurers.