Legislation
Landmark asbestos ruling puts an end to EL 'black hole' concerns
Supreme Court judgment means run-off firms cannot avoid liability.
North of the border: presumption of death reforms
While Scotland has had a fairly clear procedure for dealing with the legal affairs of persons missing for longer than seven years since the Presumption of Death (Scotland) Act 1977, those south of the border have had to deal with "a legislative patchwork…
Editor's comment: Rewriting the Riot Act
I thought April had come early when I saw last week's headlines praising insurers for their handling of the riot claims for 2011.
Post magazine - 5 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Finance Bill causes 'no major headaches' for insurers
Insurers are breathing a collective sigh of relief following the publication of today's Finance Bill, with firms expected to benefit from controlled foreign companies exemptions and unforeseen benefits for those looking to establish UK headquarters.
Insurers gear up for Finance Bill detail in hope of simplified CFC process
This week's publication of the long-awaited Finance Bill could provide the catalyst for overseas investment, while also serving to safeguard the status quo of UK-headquartered insurance companies.
ISE 2012: Interest in cyber insurance 'overwhelming' in Europe
Speaking at Insurance Insight's inaugural Insurance Strategy Europe event, Jacob Ingerslev, European underwriting director for technology and cyber risks at CNA, said that interest from Europe in cyber crime insurance is growing rapidly.
European insurers win ground in Solvency II debate
European Union insurers could be spared the full impact of solvency rules owing to a last-minute agreement on Thursday between senior lawmakers.
Comment: Uncertainty is the only certainty
2012 could see a raft of changes to the insurance industry
Ethics: Entering the moral maze
The insurance industry has a poor public perception, many believing that firms put short-term profit above long-term customer satisfaction.
Study in Jordan may liberalise compulsory TPL insurance
The Jordanian government is considering liberalising prices of compulsory third-party liability insurance services this year, according to media reports.
US targets global insurers with growing Iran sanctions
US lawmakers plan to introduce legislation that would extend the remit of sanctions on trading with Iran to global insurers, according to Reuters.
Asian insurers warned to watch policy admin or repeat Europe's mistakes
Capgemini has warned insurers based in Asia Pacific that they should not rest on their laurels when it comes to policy administration or they will suffer the same issues European insurers are facing now.
Japan's P&I club cuts cover for ships in Iran
Japan's P&I Club has confirmed it will only be able to provide a fraction of insurance coverage to tankers that transport Iranian oil under the new European Union sanctions.
The temporal scope of Rome II
Rome II was intended to bring about uniform choice of law rules but had left some uncertainty over when the regulation applied in cross border accidents. Tarek Uddin explains how the recent case of Homawoo has helped bring clarity.
Video is next step for telematics
Technological advances in the world of telematics are expected to continue apace, following the claim that miniature in-car cameras could soon be installed to identify the number of potential claimants.
Government rules out legal curfew for young drivers
The government has dashed insurer hopes of legal intervention to curtail and curfew young drivers.
Employers’ liability: A fund of last resort
The need for a fund of last resort for employers’ liability claims still divides the insurance community. While plans to create an Employers’ Liability Insurance Bureau have stalled, it still has supporters who are determined to see these proposals come…
Government deregulation puts sprinkler legislation on back burner
Insurers have been told to prepare for government apathy over mandatory sprinklers legislation and, at best, expect piecemeal change.
Broker focus - Personal lines: Survival tactics
Embattled personal lines brokers are facing a tough climate with falling incomes and business volumes, but those willing to adapt to the new environment can survive and prosper.
ABI director general hails finance bill as 'important milestone'
Association of British Insurers director general Otto Thoresen has described today’s publication of the Financial Services Bill as “an important milestone” in the bid to achieve twin peaks regulation.
Your say: Compensation needs to change
The allegation that the Association of British Insurers is maintaining an “attack on injury victims” would be laughable if it wasn’t so offensive.
Government must pass whiplash legislation quickly claim insurers
Insurers have backed calls for legislation, if something is to be done quickly about spiralling whiplash claims in the UK.
Minister backs telematics in fight for lower premiums
It is hoped that a combination of telematics technology and changes instigated by the Driving Standards Agency to make the theory test harder to pass will lead to lower premiums for new drivers.