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Regulators must not take one size fits all approach, says ABI

Regulators and governments must not harm other industries, such as insurance, as they deal with the banking crisis, warns the Association of British Insurers today.

In its new report Restoring Market Confidence, which is published ahead of its biennial conference on 9 June, the ABI says that any changes should tackle the problems that arose in the banking sector

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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