Association of British Insurers (ABI)
'Sticking plaster' Statement of Principles distorts flood insurance market
The Statement of Principles was never designed to be anything more than a "sticking plaster", according to James Dalton, head of property insurance at the Association of British Insurers.
Government warned it cannot 'duck' issue of poor being priced out of flood insurance
People on lower incomes could be priced out of flood insurance following the end of the Statement of Principles.
Renewing Statement of Principles will not solve flood cover issue, says Defra
The issue that confronts the insurance sector and government today is not the ending of the Statement of Principles, as renewing it would not solve the problem, but that underwriters are changing their approach to pricing flood risk.
ABI warns 'clock is ticking' for flood insurance solution
The Association of British Insurers has warned that there is no time to lose in securing a long-term, sustainable flood insurance market.
Academic calls for flood planners, developers and architects to be liable
A new academic paper has called for planners, developers and architects to be made "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Investment in UK infrastructure threatened by Solvency II
Association of British Insurers director-general Otto Thoresen has said that new EU solvency rules must not deter long-term growth and investment in the economy.
Ai Claims revenue hit by warmer winter weather
Ai Claims has posted a 21% drop in revenue to £47.5m (from £60.1m in December 2010) for the six months to 31 December 2011, citing warmer winter weather and shorter repair times.
Telematics: Aggregators - the future of motor insurance
As young drivers are priced out of the market, could the emergence of telematics bring an end to the dominance of the traditional big four aggregators, as others seek to take a share of the market?
Councils put flood risk burden on insurers
Council leaders have attacked "unfair and unaffordable insurance premiums" for residents and local authorities close to water, claiming they face an £11bn liability.
ABI calls for reduction in fixed legal fees
The Association of British Insurers has said it is time to “put a brake on the UK’s exorbitant legal bill” which is costing UK consumers £1666 every minute.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Motor claims: Insurers must 'get their own house in order' over motor claims
Amid the public furore regarding escalating premiums and calls for greater consumer education on the rising cost of motor claims, some have suggested that the emphasis must be shifted back on to behaviour within the industry.
RTA Portal extension divides opinion due to lack of clarity and timescales
ABI welcomes changes but industry raises concerns over timescale for implementation.
Comment: ELTO is not fit for purpose
Improvements are needed to help people trace their insurance policies, says Peter Watson, managing partner at Simpson Miller.
The Co-operative and Zurich keen to move on PM motor premium initiatives
The Co-operative is hopeful the insurance summit with Prime Minister David Cameron will lead to stamping out fraudulent personal injury claims while continuing to settle genuine ones.
Direct Line boss praises PM motor premiums meeting
Direct Line chief executive Paul Geddes hailed last night’s meeting with Prime Minister David Cameron as a “step in the right direction”.
PM and insurers unveil six point plan after motor premium summit
The Prime Minister has committed to tackling the compensation culture, reducing legal costs and cutting health and safety red tape.
Broker shows support for PM and insurer motor premiums meeting
Wales-based Motaquote has highlighted the significance of telematics ahead of the Association of British Insurers' meeting with Prime Minister David Cameron on rising motor insurance premiums.
ABI to highlight insurer cost pressures at PM meeting
The Association of British Insurers has welcomed the chance to tell Prime Minister David Cameron "the unacceptable cost pressures" insurers face at the Downing Street meeting this evening.
PM to promise action on insurance prices
The Prime Minister will meet with the insurance industry, consumer and business groups today to discuss rising premiums.
Fraud register to launch in July
The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.
ABI backs RTA portal extension
The Association of British Insurers has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10 000 to £25 000.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together