Association of British Insurers (ABI)
ABI hits back at Biba claim regarding increased payout battle
The Association of British Insurers has rejected the view expressed by the British Insurance Brokers' Association that the challenging economic climate has led to insurers adopting a stricter policy interpretation.
ABI slams revised FSCS rules
The Association of British Insurers has condemned plans by the Financial Services Authority to update its rules for the Financial Services Compensation Scheme, saying that insurers will be paying for the failure of other financial institutions.
Insurance industry 'not ready' to scrap motor insurance certificates
Direct Line Group has backed the views of insurance industry bodies calling for more research before the government pushes ahead with proposals to scrap motor insurance certificates.
Mass chairman responds to Dispatches motor insurer claims
Motor Accident Solicitors Society chairman Craig Budsworth has suggested that the Competition Commission looks into whether insurers are authorising motor repairs to be done to unequal standards depending on whether they are at fault or not.
Insurance industry slams Dispatches allegations
The insurance industry has defended itself against accusations made by Channel 4's Dispatches programme last night that insurers "maximise profit at the expense of doing what's best for the consumer".
IAIS finalises policy for 'too big to fail' insurers
The International Association of Insurance Supervisors is finalising policy proposals for the risk management of globally systemically important insurers, or G-SIIs, commonly referred to as ‘too big to fail’.
ABI boss Thoresen resumes flood talks with Cabinet minister Letwin
Association of British Insurers director general Otto Thoresen is locked in talks today with Oliver Letwin, the Cabinet minister responsible for co-ordinating government policy, with a view to finally identifying a future flood risk solution.
Claimant view: David v Goliath
Genuine claimants are made to suffer by the government's 'draconian measures' in support of insurers, says Tom Jones.
General insurance review of the year: It never rains, but it pours
Flooding, and the ongoing struggle to replace the Statement of Principles, has been at the forefront of a range of difficulties faced by the general insurance market in 2012. Will 2013 bring a silver lining?
Consultation on mesothelioma compensation reform to take place in spring
A public consultation on plans to reform the way mesothelioma cases are dealt with will take place in spring 2013.
Government criticised for jumping the gun with whiplash proposals
Claimant bodies have accused the government of attempting to introduce "too much reform, too soon" following publication of the Ministry of Justice's long-awaited whiplash consultation.
CHO welcomes Competition Commission's consumer harm focus
The Credit Hire Organisation has welcomed the Competition Commission's detailed plan of investigation into the motor insurance market.
Biba: female drivers could face 40% hike in premiums
Insurers have played down pricing implications for young female drivers ahead of the introduction of the EU Gender Directive next week, despite claims that premiums could rise by as much as 40%.
Post Claims Club chair's monthly missive: whiplash, flooding and nappy changing
Apologies for my tardiness with regards the lack of a November blog, but I was otherwise engaged with the birth of my first child.
Government has 'forgotten' innocent whiplash claimants, says Mass
The Motor Accident Solicitors Society has branded the government's proposals to raise the small claims limit and packages of reforms "irresponsible".
MoJ whiplash consultation calls for PI small claims limit extension
The Association of British Insurers has responded favourably to the publication of today's government whiplash consultation, which states that the RTA small claims court limit should be increased to £5000.
Loss adjuster access to Insurance Fraud Register could be similar to CUE
Loss adjusters have welcomed plans to give the sector access to the Insurance Fraud Register.
ABI attacks 'futile' attempts to prevent portal extension
The Association of British Insurers has slammed plans by claimant lawyers to launch legal action to prevent the extension of the Road Traffic Accident Portal next April, accusing them of futile attempts to stall its implementation.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
Industry must engage with debate on post-Leveson press regulation
Media law specialists have urged the insurance industry to add its voice to the debate surrounding the future of media regulation, following publication of the Leveson report.
RTA portal expert warns extension could produce de facto 'no fault' scheme
Fixed fees at the level proposed by the Ministry of Justice to apply in the extended Road Traffic Accident Portal risk creating a de facto 'no fault' scheme, according to the academic commissioned by government to assess its initial effectiveness as…