Association of British Insurers (ABI)
Editor’s comment: A heavy downpour
It never rains but it pours. Cliche that may be but it’s one that works on multiple levels across the insurance industry this week.
Government applauds insurance initiative over charity driver rules
Charities expect to see a rise in volunteer drivers after insurers agreed to clarify their rules and post the data online, in a move welcomed by the government.
Biba and government join forces over flood risk
The British Insurance Brokers’ Association is working with the government to ensure people in high-risk flood areas can still obtain insurance once the Association of British Insurers’ statement of principles expires.
Brokers call for trade credit qualification
Brokers are asking for an industry-approved trade credit qualification so they can work with underwriters to help small businesses in the face of a potential double-dip recession.
Riot update - Legal implications: Rioters without a cause?
The dust may now be settling on the riots across England, but the debate about legal implications for the insurance market will continue to rage on. Ros Jones and Alex Booth assess the main coverage issues from the perspective of insurers, reinsurers and…
Motor insurers ease cover rules for volunteers
Motor insurers have given the green light to volunteers who want to use their cars to help out their local communities by promising not to charge extra premiums.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
Travel insurers face £275m annual bill
Figures released by the Association of British Insurers has shown that the cost of falling ill abroad has hit a record high, as travel insurers helped a record number of people needing emergency medical treatment while overseas.
BIS countdown - John Pollock: Managing the media
Legal & General’s John Pollock has a passion to improve the social profile of the insurance industry. He tells Jonathan Swift how it needs to unite to build consumer trust and improve its media standing.
New generation claims group: Networking opportunities
With a brief of developing innovative ways to improve the claims process, the Chartered Insurance Institute’s new generation claims group recently finished its year-long pilot. Ant Gould looks at the results and talks to the key players.
Airmic launches riots claims resource
Commercial insurance buyers group Airmic has compiled a list of expert resources for firms making riot-damage claims and says it will update with new advice as it arrives.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
2011 subsidence claims to cost industry £250m
The number of subsidence claims could reach 37 000 by the end of the year, costing the industry up to £250m.
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
ABI clarifies legal position of riot compensation
The ABI has moved to reassure customers that they are covered for riot damage under their home and business insurance following bogus reports that the police need to designate recent events as a “riot” before compensations schemes are activated.
Riot victims urged to speak to brokers
The British Insurance Brokers’ Association is advising those people affected by the recent riots around the UK to speak to their insurance broker as soon as possible so they can assist with their loss.
Household water leaks cost £2bn
According to the Association of British Insurers, 9.7 billion litres of water leaked into UK homes over the course of a year – enough to fill 3,880 Olympic size swimming pools.
Baker quits CHO — DG search initiated
The Credit Hire Organisation says it has identified a number of "high calibre" candidates to fill the void left by departing director general Tony Baker, who last week announced his decision to step down at the end of the year.
Credit hire: Improving the engagement
The credit hire industry has traditionally had a rocky romance with insurers. Sam Barrett looks at what has gone wrong and how the two sides can reconcile their differences.
Insurers uncovered 9% more fraud in 2010, according to the ABI
Insurers uncovered 133 000 fraudulent insurance claims in 2010 - 2500 every week - up 9% on 2009.
Mobile phone insurance: We've got your number
Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.
Fraud - Statistical analysis: Protect yourself
As analysis reveals the shifting depths and demographics of insurance fraud, identity validation and verification must come to the fore, writes Nick Mothershaw.
Comment - RTA scheme extension: Desirable data
After a year in operation, the RTA claims process is coming under scrutiny to determine whether it is actually working. Tim Wallis explains why statistical analysis is useful and desirable, but also difficult, at this stage.