Politics
North of the Border: Lifting the bar on abuse claims
Removing the three-year time limit could see previously rejected child abuse claims being revived, says David Pollok.
Europe: Energy supply disruption presents a key global risk
Today's global economic integration offers multinational businesses cheaper sources of supply and attractive new markets, yet at the same time it exposes companies' operations and supply chains to a widening range of global risks.
Planned changes to salvage code categorisation criticised by BVSF
The British Vehicle Salvage Federation has criticised proposals to rework the salvage code of practice, describing plans to create a three category rule for written-off cars as “one of the worst failings” in the revised code.
Pool Re to encourage non-members to offer mitigation credit
Pool Re hopes to convince non-member insurers to offer the 2.5% loss mitigation credit on premiums made available through a counter terrorism initiative launched by government yesterday (15 June).
Motorists back Medco as a force for driving down whiplash claims
The role of Medco as a tool to reduce the number of people lodging whiplash claims has been backed by 79% of 16,863 drivers polled by the AA.
Compulsory salvage code proposed to prevent written-off cars returning to the road
Insurers have backed proposals to mandate the salvage code of practice with a view to ensuring the most severely damaged written-off vehicles do not return to UK roads, Post can reveal.
Government to offer insurance incentives for terrorism mitigation efforts
Counter terrorism police are to outline details of an insurance programme that will benefit businesses and organisations that make improvements to their security arrangements under the government's crowded places programme.
Osborne confirms support for insurance sector in Mansion House speech
Chancellor of the Exchequer George Osborne reiterated the government's commitment to making the City of London the leading centre for insurance and reinsurance business in his annual Mansion House Speech last night (10 June).
FCA hires new director of enforcement from Hong Kong's SFC
Mark Steward has been appointed as the Financial Conduct Authority’s new director of enforcement and market oversight, while Barbara Frohn will become its director of risk and compliance oversight.
New City minister Baldwin to receive GI industry welcome from Biba
The British Insurance Brokers’ Association has vowed to meet with Harriett Baldwin MP to discuss its manifesto points after she replaced Andrea Leadsom MP as City minister.
ABI reiterates support for young driver curfew as part of safety campaign
The Association of British Insurers has reiterated its call for a night-time curfew for young drivers to be implemented as part of a wider campaign for the introduction of graduated driving licences.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
ABI reminds government to consider flood risks for new homes
The Association of British Insurers has urged the government to consider flood risks when delivering promised new housing.
Livestock on pavements law could hold up driverless car trials
Government lawyers are looking to redraft the Highways Act 1835 to allow the trails of driverless cars to proceed.
Fundamental changes to Medco ruled out despite early criticism
The Ministry of Justice is said to be reviewing Medco’s integration but will not consider a major overhaul amid criticism from law firms over the whiplash portal’s performance in the six weeks since its inception.
C-suite - Broker: Can we shout louder?
Now the insurance industry is beginning to speak with a single voice, can it speak up for itself more?
ABI calls for one year minimum learning period for young drivers
The Association of British Insurers has reignited its lobbying campaign around the need to introduce graduated driving licencing and is calling for the new government to publish a green paper on the matter.
Pool Re unveils loss mitigation credit
Pool Re and the National Counter Terrorism Security Office have launched an initiative to provide a reduction in premium for owners of crowded sites who take loss mitigation measures.
Insurers dismiss 'misleading' CRU figures showing declining whiplash claims
Insurers have described government figures obtained via an Association of Personal Injury Lawyers freedom of information request as “misrepresentative” of the true scale of whiplash claims.
C-Suite - Broker: The hustings are over
The new government must continue to engage with the insurance industry, says Toby Esser.
Pool Re modernisation initiatives to launch in October
Pool Re modernisation initiatives including an updated SME proposition, risk reflective pricing and enhancements to the customer experience will take effect from 1 October.
Biba 2015: Biba and Mactavish to unveil Insurance Act guide for brokers
The British Insurance Brokers’ Association and insurance governance specialist Mactavish are set to launch an introductory guide to the Insurance Act 2015 at the annual Biba conference tomorrow (13 May).
ABI's Evans praises government as one insurers can work with
Association of British Insurers director general Huw Evans has deemed the Conservative government elected today (8 May) as one the insurance industry can work with.
Civil justice issues in danger of being sidelined by EU referendum
An insurance law firm has warned of a "strong possibility" civil justice reforms will take a back seat under the newly elected Conservative government while it focuses on the proposed 2017 European Union referendum.