Association of British Insurers (ABI)
ABI calls for changes to ‘flawed’ Solvency II risk margin
Insurers have submitted a request to the regulator for changes over a “flawed” portion of Solvency II.
Discount rate review delayed despite court refusing ABI's appeal
The Association of British Insurers’ appeal to the High Court over the discount rate review has been refused.
Motor fraud: Reaching critical mass
Although the adoption of My Licence has been slow to date, the Motor Insurers’ Bureau has predicted an increase in uptake to 50% this year. Will 2017 see the service reach critical mass?
Insurers raise ‘serious concerns’ over Scottish child abuse reforms
Law change could open floodgates to historic claims
Eight out of 10 PI jobs at risk from whiplash reforms
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
ABI loses appeal on discount rate review
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.
Judges 'dismayed' by government's whiplash proposals, say it will clog up courts
Whiplash reforms could cause the courts to become gridlocked with unrepresented personal injury victims and lead to higher taxes, judges have warned.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Severe flood warnings issued for coastal areas in UK
Severe flood warnings are in place along the eastern coast of England following fears that a storm surge places homes and properties at risk.
Motor premiums rose by 14% in 2016
Car insurance premiums rose by 14%, equivalent to £95 on average, in 2016.
Electronic trading: What is good form online?
The growth in online communications makes BT's strapline ‘It's good to talk' seem dated, but anyone who has had to lift a phone to unravel a burgeoning misunderstanding in an email can appreciate its spirit.
Industry welcomes government's position on driverless cars
The industry has welcomed the government’s response to last year’s driverless car consultation.
Whiplash consultation now closed
The government's whiplash consultation deadline has now passed.
None of the revenue from IPT rise to be spent on flood defences
None of the revenue generated from the recent increase in Insurance Premium Tax has been ring-fenced for flood defences, Post can reveal.
2017 Preview: What lies ahead for insurance?
After sharing their views on 2016 last month, insurers and brokers make their predictions for the coming year. What do they think the highlights and lowlights will be over the next 12 months?
Ocaso rejects £50,000 claim due to policy holder withholding information
The Welsh assembly has criticised Ocaso Insurance’s refusal to pay out for a £50,000 flood damage claims, calling the decision ‘unreasonable’.
This week in Post: Scrooge, Vnuk and season's greetings
As Christmas day draws near lawyers this week branded the Association of British Insurers’ legal challenge over the government’s discount rate review as “worthy of Scrooge himself”.
Storm Barbara ‘could be first major test of Flood Re’
Home owners should take extra steps to ensure they have sufficient cover this Christmas owing to the risk of flooding from Storm Barbara.
Half of PI law firms to close if whiplash reforms go through
Over half of personal injury lawyers will be forced to shut down if the government’s proposed whiplash reforms go through.
Biba to meet business leaders affected by last year's floods
One year on from storm Eva, the British Insurance Brokers’ Association is set to meet businesses affected by last year’s floods in Cumbria.
Lawyers condemn ABI's 'Scrooge-like' discount rate legal challenge
Lawyers have branded the Association of British Insurers’ legal challenge over the government’s discount rate review as “worthy of Scrooge himself”.
ABI launches legal challenge over discount rate review
The Association of British Insurers launched a legal challenge of the Lord Chancellor’s decision to review the discount rate for personal injury damages.
Insurers hold up under ‘extreme’ EU stress tests
Insurers have held up under “very severe” circumstances as part of a Europe-wide market stress test.
Industry 'concerned' over FSCS levy proposals
Trade bodies are concerned over the Financial Conduct Authority’s suggestions on Financial Services Compensation Scheme funding.