Politics
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Marketform to underwrite plastic surgery complications scheme
Members of the British Association of Aesthetic Plastic Surgeons will be the first to benefit from an insurance scheme to cover complications arising from operations.
Interview: Frank Pinder: leading the fraud fight
With US investigation specialist Global Options seeking to bring its zero-tolerance approach to insurance fraud across the pond, its president explains why regulation and professionalism are key to better detection
UK is 'Europe's whiplash capital' states ABI select committee submission
The Association of British Insurers has published its submission to the Transport Select Committee’s recently closed whiplash inquiry, in which the association labelled the UK as “the whiplash capital of Europe”.
From the Belgrano to Brighton: An insurance boss's lunch with Lady Thatcher
On the day of her funeral, Postonline reports the recollections of one senior industry figure's lunch with Lady Thatcher.
Regulation: A heavy crown
The downfall of the Financial Services Authority was met with resounding support. However, as its successors take over sceptics ask whether the twin peak model might create more discontent in the industry.
Law Society: whiplash inquiry is not fair
The Law Society has said the Transport Select Committee’s whiplash inquiry is hearing only the insurers’ side of the argument on whiplash.
View from the Top: Protect young drivers now
We need a combative strategy to reduce the risk of catastrophic accidents, says Tom Woolgrove, managing director of personal lines, Direct Line Group.
Gallagher Heath secures place on Government Procurement Service
Gallagher Heath has secured a place on the Insurance Services Framework following a competitive tender process, led by the Government Procurement Service.
Axa: lack of flood deal could ruin housing market
Hundreds of thousands of homes will be “unsellable” unless the government secures a deal on flood insurance, Paul Evans, chief executive at Axa UK, told The Independent on Sunday.
Scottish Future: Extending damages time
Insurers north of the border may soon be having to keep claims on their books for much longer, says Laura Brain.
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…
Verbal CMC contracts outlawed amid industry-wide clampdown by regulator
The Claims Management Regulator has unveiled new rules which will prevent claims management companies from making verbal contract arrangements with consumers.
Motor insurers vow to cut premiums if young driver claims come down
The insurance industry has promised the government young drivers’ premiums could go down by as much as 20% if new proposals succeed in reducing the frequency and value of motor insurance claims.
Paterson refuses to 'rush through' flood risk solution, as SoP expiry looms
Environment secretary Owen Paterson has claimed there is “no point rushing through” a long-term flood risk solution, despite there being just three months until the Statement of Principles expires.
Ingenie slams ABI night curfew proposals for young drivers
Ingenie has said the Association of British Insurers proposals to introduce a night time ban for young drivers as a way of improving young driver safety.
ABI brands Marsh's Flood Mu model 'completely unacceptable'
The Association of British Insurers has issued a damning response to Marsh’s proposal for a mutulised solution to flooding, describing the ‘Flood Mu’ model as “completely unacceptable to insurers”.
Young driver green paper launched at motor summit
The Department for Transport has launched a green paper in a bid to improve safety and reduce young driver risks and cut insurance costs.
New regulator pledges to 'act more decisively' than FSA
The Financial Services Authority has outlined the risks that will be a priority in the next 12 months for its successor, the Financial Conduct Authority, when it takes over on 1 April.
Third motor summit to be held on Monday
Whiplash, young drivers and the scourge of uninsured drivers are expected to top the agenda at a third motor insurance summit involving the insurance industry and government ministers to be held at Westminster on Monday.
Marsh's new 'Flood Mu' model tipped as likely SoP replacement
A mutualised solution to flood risk has been tipped as the new favourite to replace the Statement of Principles this summer, however a free market could be introduced while legislation is drawn up ahead of the model’s launch.
Improving Underwriting: Location is everything
Location-based information is the key to understanding the complex data underwriters need to analyse risk.