Association of British Insurers (ABI)
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.
Trade Voice: Flooding: the rules of engagement
The recent industry chief executive roundtable with ministers served as a reminder of how critical the role of insurance is to government and society in dealing with the problems caused by the ongoing flooding.
ABI calls for AEB to be fitted as standard in bid to cut PI claims
The Association of British Insurers has called for UK motor manufacturers to fit autonomous emergency braking as standard on all new cars in a bid to cut the number of personal injury claims caused by road traffic accidents.
Lowered credit hire costs remain 'unacceptable' says ABI
The impact of credit hire on motor premiums remains unacceptable according to the Association of British Insurers, in spite of revised figures being issued by the Competition Commission this week.
ABI responds to Which? insurance campaign
The Association of British Insurers has responded to a Which? reported urging insurers to be more transparent on pricing at renewal by stressing that price is not the only factor to consider.
CHO chairman demands further credit hire estimate cuts
Competition Commission reductions to the cost to credit hire do not go far enough according to Steve Evans, chairman of the Credit Hire Organisation.
Motor insurance regulator mooted by Straw slammed as ‘unnecessary’
Former Home Secretary’s parliamentary counterpart Evans ‘dead against’ idea.
Tulloch’s flood defence funding plan fails to generate industry support
Analysts say insurers are unwilling to invest in defences without clear returns.
2014 a ‘critical year’ for insurers says ABI’s Evans
The insurance industry must continue to make its voice heard on issues such as the Competition Commission’s investigation into the private motor market and debate on whiplash reform, ahead of a “critical year” for insurers.
Insurers to supply experts to PM’s flood grant scheme
Insurers have agreed to supply a team of technical experts to work with the government on a scheme to provide grants to flooded home and business owners at today’s Downing Steet flooding summit.