Association of British Insurers (ABI)
News analysis: Call for mandatory sprinkler systems reignited by Dunelm Mill fire
On 6 October 2011, local fire fighters lamented the absence of sprinklers in a Dunelm Mill store that suffered a major blaze on the Orchard Retail Park in Willenhall, Coventry.
ABI warns over government planning reforms
The Association of British Insurers has warned that government plans to reform the planning process must not lead to unwise developments being built in flood risk areas making flood insurance more expensive or even unobtainable.
Wood kicks off recruitment drive for fraud unit as threat assessment begins
The detective chief inspector charged with heading up the Association of British Insurers-funded fraud unit will wait for the results of an initial threat assessment before targeting specific areas of vulnerability within the industry.
ABI director hits out at pleural plaques ruling
The ABI director of general insurance and health has been quick to register his disappointment following today’s Supreme Court ruling that the Scottish Parliament acted within its powers in making pleural plaques compensatable.
TSC risks missing the point about motor insurance pricing
The Association of British insurers has responded to the results of a Young Marmalade survey which revealed that 96% of young drivers feel priced off the road by high insurance premiums.
UK regulator expects Solvency II to be delayed
The UK's Financial Services Authority has said it expects insurers to have to comply with Solvency II rules from the delayed 1 January 2014 date.
Police chief to head insurance fraud unit
A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
Editor's comment: Quotas quickly quashed
Having responded to Business Secretary Vince Cable’s call to take the lead in addressing the gender imbalance on company boards, the insurance industry has resoundingly rejected the notion of quotas as a mechanism to tackle this persistent problem.
Focus on personal injury fraud means insurers missing the bigger picture
Law firm Beachcroft has warned that insurers are so focused on personal injury fraud they are missing large-scale credit hire scams.
BIS 2011: Industry must up government lobbying or risk unsustainable losses
Stronger engagement with national governments is essential to overcome the current insufficient focus on natural disaster mitigation and to push through long-term reforms that will help reduce total event cost.
News analysis: Quota calls for female board membership met with sharp scepticism
Stronger female representation on company boards is one of the recommendations laid down by the Association of British Insurers last week, in its first report on board effectiveness
In series - Lloyd's & London Market: Social strengths
The CII’s London market faculty New Generation Group is downbeat about Lloyd’s adoption of social media. Post spoke to its members to find out why.
ABI says Solvency II delay ‘sensible’
The Association of British Insurers has described the Financial Services Authority’s announcement on the delay to Solvency II as “sensible”.
FSA set to announce Solvency II deadline decision "soon"
The Financial Services Authority has said it is to announce the deadline for implementing Solvency II “soon”.
Keoghs and ABI target Lib Dem conference for claims culture talk
Law firm Keoghs and the Association of British Insurers have held an event about the UK’s compensation culture at the Liberal Democrat conference.
Helphire board change over £29m error
Helphire board bosses have quit after shocking results saw pre-tax losses more than double to £34.1m.
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.