Association of British Insurers (ABI)
Online this week
The top ten stories from www.postonline.co.uk
Top 100 UK insurers supplement - AM Commentary: An uphill struggle
With earnings down, falling reserves and diminishing returns on investments, the tough times continue for UK non-life insurers.
PwC: Economy may scupper ABI diversity plans
PricewaterhouseCoopers has backed an Association of British Insurers report calling for increased boardroom diversity but warned that the economy may “put pressure” on implementation.
ABI calls for boardroom reform
The Association of British Insurers has called for a raft of changes to insurance boardrooms including an increased number of women and new guidance on executive pay.
Insurance net premiums reach £46.4bn
The Association of British Insurers report on UK Insurance – Key Facts 2011 showed insurance net premiums totalled £46.4bn in 2010, while insurers paid out £30.8bn in claims over the same period.
Lloyd's and ABI band together on Solvency II
Lloyd’s and the Association of British Insurers’ are working together on a proposal that will allow the London market to push ahead with implementing Solvency II - even if it is delayed until 2014.
L&G boss Tim Breedon to retire in 2012
Legal & General chief executive Tim Breedon – the chairman of the current Association of British Insurers - is to retire at the end of 2012.
Holidaymaker injuries: Making a splash
The popularity in unusual and dangerous crazes performed by holidaymakers has serious implications for the insurance industry.
Whiplash - Britain: The European whiplash capital
With its proportion of whiplash claims far outstripping any other European nation, what must the UK do to curb this cause of claims inflation?
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
Industry associations back Government regulation reform
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious” and potentially cause delays.
Comment - Civil litigation: You’re part of the problem
When the insurance industry launches a campaign to reform our “broken civil litigation system” it predictably wheels out dodgy statistics – including that complete nonsense of a report from Frontier Economics again — and dubious ‘facts’. It conveniently…
Editor's comment: The devil is in the detail
Just when consensus was building across the insurance industry that banning referral fees alone will not cure the UK civil litigation system of all its perceived ills, reduce car insurance premiums, or single-handedly wipe out personal injury claims…
Industry bodies express concerns over new regulator plan
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious”, which may potentially cause delays.
ABI welcomes ban on referral fees
The Association of British Insurers welcomes today’s government announcement that they will ban the selling on of personal injury details – referral fees.
Costly referral fee ban rejected as claims firm details lobbying alternative
Ai Claims Solutions is set to lobby MPs with a four-point plan to reform the referral fees system in place of the "costly and timeconsuming legislation" of an outright ban.
OFT to give evidence in new motor insurance inquiry
The Office of Fair Trading has been called to give evidence into the cost of motor insurance inquiry.
Online this week - Top Ten Post Stories - 8 September 2011
The top ten stories from www.postonline.co.uk
Airmic supports legislation to tackle compensation culture
Airmic said it strongly supports plans to tackle the compensation culture for personal injury through The Legal Aid, Sentencing and Punishment of Offenders Bill.
AJAG publishes robust rebuttal to ABI’s case
The Access to Justice Action Group has published a robust rebuttal of the Association of British insurers’ arguments in favour of the Legal Aid, Sentencing and Punishment of Offenders Bill.
ABI calls for an end to the “have a go” compensation culture
Leading retailers and business groups join forces with the Association of British Insurers in calling for an end to the “have a go” compensation culture.
Post history - five years ago: Young driver scheme needs shaking up
Looking back through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from five years ago reveals.
Penny Black’s insurance week
After the guest host at this year’s British Insurance Awards Jonathan Ross said Capita Group’s Tony Tarquini had a name for show business, Penny was keen to meet the man herself.