Editor's comment: Pessimism or practicality?
Call me a cynic, but I've long been half expecting those headlines to appear - the ones suggesting that the Statement of Principles might merely be extended, or renewed yet again - despite consistent insurer cries that this 12 year-old sticking plaster of a solution to address flood risk is unsustainable.
This week, the industry practicality that has prompted them is no surprise either, given the anticipation that built up while government and industry worked for months to thrash out a replacement deal
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Why Hadron CEO Johnson won’t repeat his Accredited playbook
Colin Johnson, CEO of Hadron Insurance, has explained why the playbook he is using at his new fronting insurer is not simply a repeat of his time at Accredited.
Admiral CFO to retire
Admiral’s CFO Geraint Jones is set to retire and be replaced with UK insurance CFO Rachel Lewis.
More than half of UK customers use credit to pay premiums
57% of customers use a form of credit to pay for one or more insurance policies they have, a Premium Credit survey has shown.
Pet insurance’s widening gap: More products but less providers
Pet insurance product numbers are soaring while provider consolidation, rising vet fees and shifting cover trends make the cover increasingly complex for consumers, Defaqto’s latest analysis shows.
Diary of an Insurer: Prestige’s Tim Baxter
Tim Baxter, business development and relationship director at Prestige Underwriting, navigates a week of strategy sessions in Belfast, broker visits in Manchester and London, and home-office conference calls – all in the name of expanding the MGA’s non-standard household and motor book of business.
Which provider will challenge the Aviva-DLG giant in 2026?
Deputy Editor's View: After Aviva’s acquisition of Direct Line Group in 2025, deputy editor Scott McGee ponders what rivals could be planning to do in 2026 to compete for a place on the nation's biggest personal lines player podium.
Industry applauds government road safety crackdown
The insurance industry has had a positive reaction to the government’s road safety strategy aimed at saving thousands of lives on the nation’s roads.
Advertising regulator scolds firms for fake insurance links
The Advertising Standards Authority has clamped down on two claims management firms that have been falsely implying to work for motor insurers.