Politics
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Fundamental dishonesty change will have 'unintended consequences' warns MASS
Lawyers from the claimant fraternity have raised concerns over the Transport Select Committee’s latest motor report, with the proposal to strike out claims for fundamental dishonesty and changes in the small claims track singled out for criticism.
In-Focus: Public Sector - Q&A Bill Sulman
Post spoke to Bill Sulman, director for public sector at Aon Risk Solutions, about the common business continuity threats for the public sector and how insurers, brokers and risk managers can work together for mutual benefit.
Insurers seek clarity over tangible returns from infrastructure investment
ABI looks to secure 20-year investment partnership with government
Hong Kong legal changes win captive audience
Recent legislative changes in Hong Kong have set out the government's "determination" to promote the city state as a hub for captive insurance, according to law firm Howse Williams Bowers.
Industry and government to meet on sharing society insurance solution
Insurance industry representatives are to meet with government and asset-sharing companies next month to discuss insurance solutions for people who share their homes and vehicles.
UN Secretary General asks insurers to expand infrastructure investment
The Secretary General of the United Nations has called on the insurance sector to expand its investments into infrastructure, with a particular focus on disaster resilient projects.
Government to reform laws on London short-term letting
Research from Direct Line's select premier insurance shows London homeowners could earn an average of £116 per room once legislative changes making short-term letting easier come into force.
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
ABI outlines Flood Re SME exclusion stance at Defra meeting
The Association of British Insurers reiterated its view there is no evidence SMEs have a problem accessing affordable flood cover at a meeting between government and representative organisations yesterday.
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Aviva data shows crash for cash incidents up 51% last year
Aviva is calling for stronger deterrents for crash for cash gangs after claims fraud data from the insurer revealed there had been a 51% increase in fraudulent slam-ons last year.
Flood defence funding at 'bare minimum'
Funding for maintaining flood defences is at a "bare minimum" and is the first area to be cut when "budgets are tight", according to the Environment, Food and Rural Affairs Committee.
Biba research spurs Defra Flood Re roundtable
Research from the British Insurance Brokers' Association has highlighted concerns that buying and placing flood cover will become increasingly difficult once Flood Re comes into force.
MPs briefed on benefits of upgrading 'broken' fire alarm system
Pressure is growing on politicians on the issue of introducing a low cost upgrade to automated fire alarms in a bid to improve reliability from 5% to 80%.
Marsh boss Weil calls for U-turn on 'perverse' risk pooling for schools
Global broker Marsh is urging the government to rethink the introduction of a risk pooling arrangement for academies and free schools amid claims the scheme will result in a substantial loss for the taxpayer.
Industry welcomes government fraud action
Insurers have welcomed government measures to tackle insurance fraud announced today by Justice Secretary Chris Grayling.
Biba concerned by riot damages cap
The British Insurance Brokers' Association has expressed concern over the suggested cap on claiming compensation proposed by government in its overhaul of the Riot (Damages) Act.
The UK Insurance Growth Action Plan - where we are
Martin Shaw, CEO of the Association of Financial Mutuals, sits on a steering group for the UK Insurance Growth Action Plan. The plan identifies actions that Government, industry, and others can take forward in five key areas over the next 12 to 18 months…
IUA backs government cyber risk project
The International Underwriting Association has backed a new government project to promote better management of cyber risk.
Impact on premiums of ‘heroism' Bill questioned
The Social Action, Responsibilities and Heroism Bill, announced in the Queen's Speech, will have little impact on insurance premiums, according to insurance law firm Browne Jacobson.
Riot damages cap proposed in Queen's Speech
The government has signaled its intention to limit the compensation insurers can receive following riots with a series of amendments proposed in the Queen’s Speech this morning.
ABI strikes back at claims of government deal over Mesothelioma Act
The Association of British Insurers has hit back at claims it entered into a deal with government over changes to the Mesothelioma Act saying the debate is dominated by the vested interests of claimant solicitors.
Flood Re CEO Woolgrove to address Post's Disaster: Risk & Response event
The acting Flood Re CEO Tom Woolgrove has been added to the impressive speaker roster for the upcoming Post event, Disaster: Risk and Response.