Politics
Biba Manifesto 2015: Breaking news
The Post team brings you the breaking news on the British Insurance Brokers' Association's Manifesto 2015 as it launched at parliament on 19 January.
Video: Preparing for the Insurance Bill
Last year the government introduced the Insurance Bill to Parliament, with the aim of supporting the growth of Britain’s insurance industry and helping customers by updating the 100 year-old rules governing contracts between businesses and insurers.
ABI pushing for annual £1bn flood defence spend in new campaign
The Association of British Insurers is calling for an annual £1bn investment in flood defences by 2025 as part of its Flood Free Homes campaign, launching tomorrow (20 January) at Westminster.
Airmic welcomes Insurance Bill warranty amendment
Risk management association Airmic has welcomed the reinstatement of a clause in the Insurance Bill that means insurers can deny cover for warranty breaches only if they are relevant to the risk.
Blog: What impact would Cameron's encryption ‘ban' have on the insurance industry?
In light of the recent events in Paris, one of the biggest stories following the tragedy has been the response from the UK government on measures to help prevent any future attacks on the UK regarding the surveillance of electronic communications.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.
Evidence for reinsurance reforms expected to centre around regulation and tax
The cost of regulation, tax and immigration are the themes expected to come under the microscope following a plea for evidence on potential reinsurance reforms by City minister Andrea Leadsom MP.
Counter-Terrorism Bill to be debated in the House of Lords
The House of Lords will be given the opportunity to debate the controversial new Counter-Terrorism and Security Bill, which includes a ban on insurers covering ransom payments.
First phase of government telematics review to report in April
The first phase of the government’s review into the potential of telematics to improve safety for young drivers will be delivered in April, according to the Minister of State for the Department for Transport Baroness Kramer.
IUA boss Matcham welcomes TRIA renewal agreement
The International Underwriting Association has heralded the decision in the US to renew the Terrorism Risk Insurance Act as a means of reducing economic uncertainty.
UK insurance industry need not fear EU exit, says City minister
The UK’s insurance industry has little to fear from a potential European Union exit, according to economic secretary to the treasury Andrea Leadsom MP, who has also called for more evidence from the London market on its challenges.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
Plowman appointed chair of Older Drivers Task Force, which will seek evidence in New Year
The Road Safety Foundation has confirmed that its trustee and former civil servant John Plowman will chair the Older Drivers Task Force.
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.
Government sets March 2015 Budget date
Chancellor of the Exchequer George Osborne is to deliver the final Budget for the current parliament on 18 March 2015.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
North of the Border: The ramifications of Smith
Following the Scottish referendum, the UK government established the cross-party Smith Commission to make proposals for devolution of further powers to the Scottish Parliament. These recommendations, if implemented, will see yet further differences…
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Transport minister raises driverless car hacking concerns
The government is “mindful” of the threat posed by hackers to driverless vehicle technology and has suggested that future developments will require sophisticated encrypted protection.
Prospect of formal Quindell investigation raised in parliament
Pressure is mounting on embattled outsourcer Quindell after a former City minister posed a parliamentary question on whether the firm, its board and its advisers were being investigated or if any future probe was being considered.
ABI demands clarity on long-term flood defence plans
The Association of British Insurers has called for more information on flood defence spending to allay fears of repercussions impacting Flood Re.
Hertzell seeking wide range of industry experts for fraud taskforce
The government taskforce set up to tackle insurance fraud will include a small number of senior representatives from the wider insurance industry, Law Commissioner David Hertzell has confirmed.
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work