Association of British Insurers (ABI)
ABI backs government plans to reform executive pay
The Association of British Insurers has welcomed the government's "practical and workable" plans to tackle excessive executive pay.
Three in four people encouraged to claim compensation
The Association of British Insurers said that a survey has shown that three in four people have received an unsolicited text or phone call from a claims management company offering the chance to claim compensation.
ABI backs Home Office decision to omit industry from Equality Act
The Association of British Insurers has thrown its support behind a Home Office announcement that imminent discrimination laws will not apply to the insurance industry.
Claims bosses urge insurers to develop integrated localised flood response
Flooding in areas of the UK previously considered low risk has led claims bosses to urge insurers to concentrate on developing an integrated localised flood response, while arguments over a collaborative risk transfer solution rumble on.
Property claims: Long-term fix for UK flood may be a compromise
The expiration of the Statement of Principles has been described as the "end of the temporary sticking plaster" by Zurich property claims director Jon Cawley, who has argued that the solution to flood risk cover is a combination of current industry and…
Editor's comment: Network connections
With rumours buzzing round the market about the nature of the fall out between Aviva and Broker Network, there have been inevitable suggestions of a sign that insurers are giving further thought to the value derived from some networks.
Flood cover: Sink or swim?
The expiry of the Statement of Principles is a year away, and the industry is looking for a replacement to cover the impact of flooding. Two ideas have been floated, but which will sink and which will swim?
ABI hits back following industry grilling over riot response
The ABI has moved to defend its members in the face of stinging criticism that the industry has taken too long to pay out on claims originating from riots last August.
FSA to end client exposure and abolish unclear risk transfer agreements
The Financial Services Authority is to publish a consultation on changes to its client money rules around risk transfer by the end of this month, in a bid to abolish ambiguous insurer agreements.
CHOs slam decision to refer motor market to Competition Commission
Credit hire operators have called for resources to be redirected to improving the Association of British Insurers-backed general terms of agreement rather than towards an investigation by the Competition Commission into the "dysfunctional" motor…
Telematics: Ready for the mainstream?
Telematics remains in its infancy, but many in the industry have high hopes for its growth. But is the technology ready to make the leap into the mainstream?
Property rebuilding costs continue to slow
The annual rise in the UK's index of house rebuilding costs is continuing to slow down, according to the Building Cost Information Service of the Royal Institute of Chartered Surveyors.
Post magazine - 7 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
DLG latest firm to support OFT's credit hire referral
The Direct Line Group has become the latest insurer to back the Office of Fair Trading's decision to provisionally refer the study into vehicle repair services to the Competition Commission.
ABI and Accident Exchange boss clash over 'scapegoating' of credit hirers
The director of general insurance at the Association of British Insurers and the chief executive of credit hirer Accident Exchange have exchanged heated emails after the ABI welcomed the Office of Fair Trading's decision to provisionally refer the motor…
ABI welcomes OFT referral as GTA rate review leaves cost unchanged
The Association of British Insurers welcomed the Office of Fair Trading's decision to provisionally refer the study into vehicle repair services to the Competition Commission criticising the exaggerated costs insurers pay for credit hire cars.
ABI boss warns of unco-ordinated regulation rush in push to twin peaks
The insurance market has been warned that there is a "danger" of regulation being rushed through, as a number of unanswered questions remain in the run up to new financial regulation next year.
View from the top: From the outside looking in
Encouraging remarks emphasise that the good work insurers are doing must continue, says Barry Smith.
Treasury puts forward pool proposal to replace Statement of Principles
The Treasury has suggested that a limited flood pool could be funded without new money, according to Anne McIntosh MP, chair of the Environment, Food & Rural Affairs select committee.
Post magazine - 24 May 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Minister Spelman hints at flood deal with ABI, rejecting pure risk-based pricing
Environment minister Caroline Spelman, pictured, has told the Association of British Insurers’ property conference that the idea of flooded households being left to fend for themselves is unacceptable.
Riot compensation scheme 'not fit for purpose'
The Association of British Insurers has called for an overhaul of the law that provides for compensation to be paid to the victims of riots.
Insurers pay out £1m a week for metal theft
Incidents running at 1,000 a week, according to the Association of British Insurers.