Association of British Insurers (ABI)
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.
Woolgrove not applying for permanent Flood Re CEO post
Flood Re interim chief executive Tom Woolgrove will not be applying for the permanent post currently being recruited for, the Association of British Insurers has announced.
Insurance industry apprenticeship scheme kick-started
The insurance industry’s bid to double the number of apprentices was officially launched by high-profile figures from the sector at an event hosted by the Chartered Insurance Institute this morning.
First quarter weather claims could be highest for 20 years says Deloitte
The storms and heavy rain in the first two months of this year may result in the highest number of first-quarter claims since the storms of 1990, according to Deloitte insurance partner James Rakow.
Europe: Pet insurance opportunities
With around $1bn premium volume, the pet insurance market in the UK is by far the world's biggest - but increasing competition and rising vet fees over the past few years have seen what was once fertile ground become a highly contested area, with a large…
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.
Editor's comment: Pressing the advantage home
Prime Minister David Cameron told the nation “money is no object” when he declared the recent floods a national emergency and staked his personal authority on rebuilding damaged UK regions to make them more resilient to extreme weather.