Politics
Difficult decisions ahead on flood defence funding, admits EA chair
The chairman of the Environment Agency has conceded there is “no bottomless purse” for flood defence spending and that decisions must be made on whether to prioritise town or country.
Government U-turn on mesothelioma exemption roundly condemned
A government U-turn that will result in mesothelioma sufferers no longer being able to pocket the total amount of a claim has been slammed by opposition MPs and claimant lawyers.
DfT demands more telematics research before young driver safety green paper
Insurers warn telematics is not a ‘silver bullet’ as long wait for paper continues.
Umunna makes formal apology to Gee 7 Group over mis-selling claims
Shadow business secretary Chuka Umunna has formally apologised to Gee 7 Group after accusing it of arranging personal accident insurance packages that were then allegedly mis-sold by employment agencies.
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Gee 7 Group seeks apology from Umunna over mis-selling claims
The company accused of arranging personal accident insurance packages that were allegedly mis-sold by employment agencies is seeking a full apology from the MP that made the claims.
ABI to defend merits of driving curfew at Westminster talks
The Association of British Insurers has reiterated its backing for the introduction of a curfew for young drivers in the face of growing calls from telematics firms for government to scrap the proposed scheme.
Wunelli adds support to non-curfew solution ahead of government debate
Wunelli is calling on government to introduce policy adjustments as opposed to implementing a nighttime curfew for young drivers, ahead of a Westminster debate with telematics providers next week.
'Profiteering' employment agencies accused of mis-selling by MP
A government body is investigating whether employment agencies have been mis-selling workers personal accident insurance.
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
Fraud: Stamping out fraud
The government is keen to minimise fraud to reduce premiums, so what penalties should individuals incur when they try to deceive insurance companies?
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
Bangkok rocked by explosions
Political turmoil in Thailand's capital continued over the weekend when 28 people were injured after two explosions at an opposition rally.
MoJ working group to have medical panels solution in place by July
The Ministry of Justice will launch a cross-industry working group next month charged with ironing out a solution for the implementation of independent medical panels targeting bogus whiplash claims.
Biba manifesto sparks hope the burden of regulatory cost will be addressed
FCA urged to find areas for savings and be more transparent.
Mesothelioma Bill’s 75% compensation cap outcome is ‘extremely fair’
Bill edges closer to royal assent as claimant bodies vow to continue to fight limit.
Signposting agreement proves worth with more than 100 000 referrals
More than 100 000 older motorists and holiday makers have accessed the signposting agreement forged by the insurance industry and the government since it came into force in April 2012.
Cost of regulation among key issues on 2014 Biba maniesto
The British Insurance Brokers’ Association has delivered its “calling card” to the government in the form of its 2014 manifesto in which the cost of regulation and the challenges faced by SMEs feature prominently.
Chartered status: Raising standards
Amid an industry-wide drive for improved standards, how will the CII’s consultation on changes to its corporate chartered status criteria affect firms seeking to stand out from the crowd?
US politicians demand investigation into Target data breach
US House Democrats have requested a probe into the data breach which resulted in at least 110 million customers of US retailer Target having personal information stolen.
Progress made in delay over new-build flood feature maintenance
A long-running deadlock on rules designed to protect new housing developments against flooding could be broken amid reports that a deal has been reached over who pays to maintain anti-flood features.
Outer Space Act indemnity cap is welcomed by industry experts
The decision by the government to action a proposal to cap the unlimited indemnity in the Outer Space Act to €60m (£49.4m) has been heralded as a sign space innovation in the UK is “ready for investment”.