Association of British Insurers (ABI)
Penny Black's insurance week
Last week, Penny found herself at the Association of British Insurers' biennial conference, where star guests included business secretary Vince Cable, Allianz chairman Clement Booth and BBC political editor Nick Robinson.
Axa ready for referrals ‘hurt’ - Insurance News Now – 30 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the response of Axa personal lines boss Steve Hardy, on the insurer’s decision to stop accepting referral fess from personal injury lawyers.
Phase two of Jackson needed claims law firm
The government has "stuck to its guns" with primary legislation needed to introduce the core principles of Lord Justice Jackson's review into civil litigation costs.
UKG launches GAP product
UK General has developed a hybrid insurance product that helps motor trade dealers avoid financial penalties arising since the Association of British Insurers published guidelines on guaranteed asset protection insurance cover in February.
Elite quits over ABI's support of Jackson review
Elite Insurance is quitting the Association of British Insurers, claiming the trade body's support of Lord Justice Jackson's recommendations in relation to legal expenses has made its membership "untenable".
ABI conference: Financial support promised for all 'worthwhile' flood defence schemes
Environment Minister Richard Benyon has promised that “every worthwhile” flood defence project will obtain some degree of financial support under the government’s new partnership funding scheme, and confirmed he will look into whether the government’s…
ABI conference: Keynote speaker on the government's economic stance
Bids by the Northern Irish Assembly and the Scottish Parliament to obtain control over tax could have more success of the UK economy fails to improve on the “slow and sluggish” rate of growth that could blight the next few years.
ABI conference: Cable calls on insurers to lead corporate reform
Business Secretary Vince Cable today unveiled a three-pronged strategy to counter the UK culture of short-termism and bolster corporate governance, while ensuring the proper functioning of capital markets.
ABI Conference: Guidance on Test Achats due by year end
Jonathan Rees, director general at the Government Equalities Office, said that guidance from the European Commission on what the gender directive judgement means should be ready by the end of the year.
Hastings eyes Aviva and Allianz in 2012 IPO push - Insurance News Now - 23 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the news that the panel of insurers at Hastings Direct has more than doubled in size since an MBO 18 months ago. The firm is due to sign another five companies…
ABI Conference: Single European insurance regulator likely "within years"
The European insurance industry will eventually be regulated by a single continental body rather than a number of country regulators, Eiopa’s Carlos Montalvo Rebuelta has claimed.
Another insurer resigns from the ABI over Jackson stance
Elite Insurance Company has confirmed that it will be resigning from the Association of British Insurers with immediate effect.
ABI/KPMG: 98% of UK insurer bosses "very worried" by EU impact
The insurance industry has a key role to play in helping UK consumers manage their financial commitments, but first it needs to improve its reputation.
Call for tougher regulation accepted by aggregators
The British Insurance Brokers' Association has called for rules governing electronic trading to be updated to keep pace with technological developments in the aggregator space.
Rehabilitation: Fast-track frustrations
The potential increase in the fast-track claims limit presents both opportunities and challenges for the personal injury industry. Andrew Pemberton examines potential unwanted developments and implications for claimants, insurers and claimant solicitors.
Motor Focus - Fraud Unit: Opening Pandora's box
On the face of it, the suggestion of a police force funded by the industry to help fight fraud seems reasonable. However, Robin Reames examines if going down this path is really the right way forward.
Motor Focus - Premium Challenges: Mauled by the media
After being pounded by the press for putting premiums up, Leigh Jackson looks at the future of motor insurance and asks whether policyholders could do more to help themselves.
ABI biennial conference: ABI launches 10-point plan
Otto Thoresen, director general of the ABI, has unveiled a 10-point plan aimed at boosting "good customer experience and profitable growth".
ABI welcomes FSA aggregator guidance
The ABI has responded to the publication of the Financial Services Authority’s proposed guidance to comparison sites.
Insurers in line for a £4.8bn windfall from referral fees
Motor insurers stand to pocket billions in extra income a year if a recommendation to retain referral fees is acted on, a leading personal injury lawyer has claimed.
LSB referral fee advice slammed as 'mistaken'
The Ministry of Justice has been urged to disregard the "mistaken" advice of the Legal Services Board and ban referral fees, as lawyers and insurers joined forces to criticise the decision.
Editor's comment: Passing the hot potato
And so the buck gets passed once more. Another week, another non-decision on referral fees. This week it was the turn of the Legal Services Board to fight shy of a ban, deferring future responsibility for dealing with this questionable practice to…
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
Commercial property - Sprinklers: A burning issue
The safety and business benefits of sprinkler systems are undeniable — yet many commercial buildings remain unprotected. David Townsend urges insurers to continue to lead the calls for mandatory inclusion.