Association of British Insurers (ABI)
ABI welcomes LSB delay on 'misguided' PI cover reduction
The Association of British Insurers has described the decision by the Legal Services Board to prevent a reduction in the minimum terms for solicitors’ professional indemnity insurance ahead of the October renewal period as “a victory for common sense”.
Editor's comment: We’re better off with one voice
There is something to be said for going it alone, for forging a new path, breaking new ground and taking a stand.
Trade voice: A driverless future beckons
Driverless vehicles have until recently been the stuff of scary fiction – from Stephen Spielberg’s menacing apparently driverless truck in the cult 1970s film Duel, to Stephen King’s demonic Chevrolet in Christine.
H1 weather claims hit insurers for £845m
Weather damage claims have cost insurers £845m across the first half of 2014 according to figures from the Association of British Insurers.
ABI 'disappointed' with L&G's decision to resign its membership
The Association of British Insurers has moved to underline the benefits of ABI membership after expressing disappointment at Legal & General’s decision to resign from the trade body.
ABI to give statement on reports Legal & General to exit
The Association of British Insurers is expected to give a statement today on reports L&G is to leave the association.
ABI premium tracker reports £378m savings for motorists
Average private comprehensive motor premiums rose £2 in the second quarter of the year to £361, according to the latest results from the Association of British Insurers' motor insurance premium tracker.
Comment - Rewriting the Rehabilitation Code
The Rehabilitation Code, which is 15 years old this year, is to be extensively reviewed. Mark Baylis, chair of the International Underwriting Association-Association of British Insurers Rehabilitation Working Party, says the views of practitioners will…
ABI warns of financial hardship from Riot Act reforms
The Association of British Insurers has estimated for every £10 paid out in compensation after the London 2011 riots only £1 would be paid out under the reformed Riot (Damages) Act.
Rehab code to be reviewed amid personal injury developments
The changing personal injury landscape has triggered the first review of the rehabilitation code in more than seven years.
Flood Re managing agent contract worth £6m per year
The tender for a managing agent for the Flood Re scheme has been published with an estimated annual contract value of £6m.
ABI slams 'excessive' claimant lawyer costs following meso report
The Association of British Insurers has said claimant lawyers have “difficult questions to answer” about why they do not support lower legal costs following the publication of the Justice Select committee’s report on mesothelioma claims.
Justice Committee condemns Government meso claims review
The Justice Select Committee has called on the UK Government to undertake a fresh consultation into the way mesothelioma claims are handled under the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
Aviva seeks consultation on cashless compensation for minor motor injuries
Claimant lobbyists dismiss proposals in insurer’s report as ‘ludicrous’
Which? clamps down on financial products' ‘sneaky fees'
Which? is calling for clarity around fees and charges on financial products following an investigation that revealed 50% of the motor insurers it examined had increased their fees in the past three years.
CII president Mistry hammers out 'one voice' agenda
Chartered Insurance Institute president Ashwin Mistry has issued a rallying cry for other industry organisations and trade bodies to get behind his ‘one voice’ agenda in a bid to exceed increasing consumer expectations.
ABI supports amending portal to include multi-defendant claims
The Association of British Insurers wants to see the Ministry of Justice claims portal extended to include multi-defendant claims, in a bid to tackle the rising costs of industrial deafness, Post understands.
One in five holidaymakers risk traveling uninsured
Travel insurance helps over 4,300 people every week, yet one in five holidaymakers risk traveling without it, according to new data from the Association of British Insurers.
Video: Claims edition - Fraud
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to figures released in May by the Association of British Insurers.
ABI critical of draft Flood Re finance rules
The Association of British Insurers has deemed the draft rules on the financial management of Flood Re "unworkable" following the launch of a consultation on the scheme's regulations.
My Licence live on Open GI
Insurers can now access the My Licence hub through Open GI, with a number of panel insurers already signed up to the service.