Association of British Insurers (ABI)
ABI calls for industry, government partnership
The Association of British Insurers is to ask the UK government for more regular and constructive partnerships, reflecting the growing role of insurers in society.
View from the Top: Regulators need our help
By working together we can sort out insurers’ tarnished image and cut the bureaucracy, says Robert Hiscox, honorary president, Hiscox
Automatic policy renewals come under FCA scrutiny
Increased premiums on automatic policy renewals are to come under the spotlight, the Financial Conduct Authority has said in a letter to lawmakers.
Government will step-in if Flood Re “runs out”
The insurance industry will not be responsible for recapitalising Flood Re in the event that it “runs out of money” following a one-in-200 year event, the Association of British Insurers has confirmed.
Efra report calls for further funding for flood defences
The government has been urged to further increase spending on flood defences by £20m per year for the next 25 years in order to keep pace with escalating risks caused by severe weather patterns.
Insurers welcome Flood Re but call for clarity over liability
Insurers’ agreement to the terms of the Statement of Principles for another two years will provide the Association of British Insurers and government enough time to resolve outstanding issues around the implementation of Flood Re, according to the trade…
Editor's comment: Flood Re: worth the wait?
When something is worth waiting for, the anticipation can make the reward even sweeter.
Insurers back “first step” Flood Re announcement
The UK’s largest general insurers have expressed delight at the announcement of a deal on flooding cover for UK homes.
Government to extend regulatory powers over insurers and seek EC approval for Flood Re
The government is seeking new legal powers enabling it to force insurers to cover "their share" of policyholders living in high flood risk areas.
Chancellor commits to new flood defence investment
The Chancellor of the Exchequer has vowed to invest in new flood defences, despite announcing that the Department for Environment, Food and Rural Affairs will see its budget cut by 10%.
Insurers urged to develop telematics as young driver green paper delayed
Insurers frustrated as Department for Transport announces hold-up.
Re-worked 'Flood Re' expected to be laid out in imminent Water Bill
Details of the Association of British Insurers’ long-awaited flood risk solution are expected to come into focus this week following a government spending review and the introduction of the Water Bill.
ABI hits back at Law Society over PI campaign
The Association of British Insurers has criticised the Law Society’s advertising campaign for personal injury, which features the strapline “Don’t get mugged by an insurer – use a solicitor.”
Flood deal appears close as Letwin headlines ABI conference
The Association of British Insurers has offered the biggest hint yet that an agreement on implementing its ‘Flood Re’ proposal is imminent, having confirmed that Oliver Letwin MP will deliver a keynote speech at its upcoming conference.
Payment Protection Insurance: Paying the price
With payment protection insurance complaints putting a seemingly never-ending financial strain on the industry, can the product ever bounce back?
Government urged to take action on young drivers
A range of industries are calling on the government to take decisive action to stop the tragic loss of young lives on Britain’s roads.
Insurers split over police’s burglary notification plan
Scheme developed to help reduce victims of crime
Lords: Independent body must oversee mesothelioma compensation scheme
Labour MPs criticise unfair start date that excludes half of all sufferers
Pet insurers pay out £1.2m a day
Pet insurers are paying out £1.2m every day to cat and dog owners according to the latest figures by the Association of British Insurers.
ABI supports FCA call for greater consumer needs focus in MLEI
The Association of British Insurers has described the Financial Conduct Authority’s thematic review into motor legal expenses insurance as a “useful reminder” that more must be done to meet the needs of the consumer.
BBC Watchdog criticises insurers for ‘aggressive tactics’
Insurers have come under fire from BBC Watchdog for not paying claims.
IFB working on new model to attract brokers put off by membership cost
Move coincides with demand for greater broker representation on fraud register
Spain protests innocence as more countries refuse EHIC
European hospitals accused of trying to profit from insurers