Association of British Insurers (ABI)
ABI joins calls for Flood Re U-turn on band H homes
The Association of British Insurers is writing to Environment Secretary Owen Paterson in a bid to facilitate the inclusion of council tax band H properties within Flood Re.
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
Starling running insurance consultancy business
Former Association of British Insurers general insurance director Nick Starling has set up an independent consulting business after leaving the organisation last year.
Editor's comment: Handle whiplash issue with care
There are some life lessons that are easily learnt and rarely forgotten. For example, putting your head in a lion’s mouth is not advisable, and jumping off a cliff might hurt a bit if you’re not attached to a parachute or hang glider or if you’re not…
Rehabilitation-only personal injury whiplash debate fails to gain traction
Insurers highlight claims time frames as area of major concern
Osborne slams FCA over leaked review details
Chancellor George Osborne has written to the Financial Conduct Authority to express frustration after the leaking of market sensitive details by the watchdog led to a sharp drop in insurer share prices, the Financial Times reported.
Calls for debate on scrapping of low value PI payouts branded 'cynical'
Law firm Simpson Millar has described suggestions emanating from the Association of British Insurers that cash payouts for low value personal injury claims should be scrapped as “very worrying”.
Regulators urged to provide value for 24% increase in costs
Commentators suggest FCA should move outside capital.
Government urged to introduce GDL 'without delay' by Scottish minister
Scottish transport minister Keith Brown has spoken out in favour of graduated driving licenses and called for the UK government to “take action without further delay”.
Trade Voice: Floods are a chance to prove ourselves
Joined-up thinking and a collaborative approach to assisting families and businesses affected by this winter’s floods has been a point of interest.
Osborne pledges £140m for flood defences
Chancellor George Osborne has promised £140m of funding towards flood defences following the storms and floods which wracked the UK over winter.
Personal lines brokers told to shore up data defences after Aviva breach
PRA and FCA expected to increase scrutiny of data protection systems.
Brokers warned to scrutinise TOBAs ahead of new employers’ liability rules
Insurers could pass on fines to firms failing to obtain employee reference numbers.
Flood Re changes 'arbitrary' claims BPF
Changes to include blocks of three or fewer flats into Flood Re are “arbitrary” and “difficult to understand” according to the British Property Federation.
Your Say: Using our weaknesses
Nobody following the Financial Conduct Authority’s review of add‑ons would have needed to cross the proverbial gypsy’s palm with silver to gain prior knowledge of the nature and scope of the proposed remedies.
In Series: Data: Waves of understanding
Data can help insurers assess future storm and flood risks, providing benefits across the business and enhancing modelling processes.
ABI agrees expanded £11.7m Ifed investment
The Association of British Insurers has agreed to invest £11.7m in the City of London Police’s Insurance Fraud Enforcement Department over three years.
Insurers face £1.1bn floods and storm bill says ABI
Claims for flooding and storm damage this winter will see insurers pay out £1.1bn according to figures from the Association of British Insurers.
CILA rejects fears over asbestos risk to loss adjusters handling flood claims
Expert warns of a ‘high risk’ of adjusters being unwittingly contaminated.
Fraud Focus: Catching up with motor fraud
Are the days of motor insurance fraudsters numbered? Playing devil’s advocate, you might be forgiven for thinking that is the case.
ABI calls for market specific look into add-ons
The Association of British Insurers has criticised today’s Financial Conduct Authority report into general insurance add-ons as being “generic” and is calling for the regulator to take a market specific approach.
ABI condemns increased meso compensation
The Association of British Insurers has condemned plans by the government to increase damages awarded to mesothelioma sufferers who are unable to trace a liable insurer.
All change in Europe
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
CII to ‘name and shame’ firms that fail to get behind apprenticeship scheme
Industry bodies launch initiative aiming to double apprenticeships by 2017.