Post - 2011-06-21

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".

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.

Editor's comment: Deadline decision time

It's not something a betting man would have ever wagered against but, as rumours continue to mount that the Solvency II implementation deadline will indeed be significantly pushed back, the UK insurance industry faces some difficult decisions.

EC denies any delay to SII implementation

The European Commission has denied that implementation of the Solvency II directive could be delayed until 1 January 2014, a year later than planned, despite admitting a "short transitional period" is likely to be introduced.

Microinsurance - A solution to all ills?

Microinsurance is being touted as the answer to insuring the poorest regions of the world against extreme weather threats. However, as Stephanie Denton reports, this may not be the case.

Insure The Box aims for £50m

Telematics specialist Insure The Box, is aiming to write more than £50m in premium income over the next year, as it gears up to appear on aggregator Go Compare.

View from the top: The pace of change

Twenty years ago the world wide web was in its infancy. E-mail, if it was used in the insurance industry, was limited and contained within organisations. Letters and faxes dominated. We may have had second generation mobile phones but the first UK text…

Legal update - Occupational disease: Networking issues

With occupational disease claims hitting the headlines in recent months, as the Supreme Court seeks to resolve disputes, Ben FitzHugh comments on how the industry can make best use of social networking sites when defending such claims.

Scepticism over future of regulation

Law firms have reacted with scepticism to the Financial Services Authority's paper on the future of regulation for insurers. This week the regulator released a joint paper with the Bank of England, outlining how the Prudential Regulation Authority — the…

Penny Black's insurance week

Penny had to check the date when she received word of a new insurance policy for players of the magical game of Quidditch — championed by Harry Potter and his Hogwarts classmates.

Green Insurance plants one millionth tree

Scotland's Environment and Climate Change Minister Stewart Stevenson planted a sapling Rowan tree to commemorate one million trees planted by The Green Insurance Company as part of a carbon offsetting scheme.

Disgraced coverholder boss faces FSA fitness probe

The chief executive and director of a Financial Services Authority-approved coverholder faces having his status as a 'fit and proper' person investigated by the regulator, after admitting to child sex offences at Canterbury Crown Court.

Legal update - Medical advances: The cost of breakthroughs

Medical breakthroughs give new hope to people who have been paralysed or had amputations as a result of accidents, but will these advances add to the already burgeoning costs of personal injury? Tim Brentnall warns that legal implications could prove…

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