Politics
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.
Transport Select Committee whiplash inquiry offers fresh hope to PI lawyers
Personal injury lawyers are hopeful the Transport Select Committee’s fresh inquiry into whiplash – launched a week after the Ministry of Justice closed its own consultation – will provide their businesses with a lifeline. This comes as a group of law…
View from the Top: Time is running out
With agreement on the future of flood insurance still out of reach, the government must pick up the pace, says Bronek Masojada.
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.
Biba and Marsh to join the flood debate at Efra evidence session
The British Insurance Brokers’ Association and Marsh have been invited to give evidence at tomorrow’s Environment, Food and Rural Affairs Committee meeting on flood insurance provision, after a previous evidence session was adjourned.
Government slashes flood-defence funding further
The government has cut the budget for maintaining flood defences and clearing rivers from £68m to £39m, flooding Minister Richard Benyon revealed in a parliamentary written answer.
North West law firms considering closure in light of reforms
The impact of government reform geared towards driving down the cost of insurance premiums has resulted in a growing number of specialist personal injury law firms in the North West considering closing their businesses.
AA Insurance boss puzzled by timing of Transport Committee inquiry
AA Insurance director Simon Douglas has raised questions over the timing of a Transport Select Committee inquiry calling for evidence on reducing the number and costs of whiplash claims.
Zurich calls for advance way of diagnosing whiplash
Zurich has welcomed the Transport Select Committee’s inquiry into whiplash and called for a more advanced way of diagnosing and proving whiplash injuries.
Flood Risk: Pours for thought
The 2007 floods were a major UK weather event, costing the insurance industry billions. However, despite similarities, the 2012 floods caused much less damage. What is the reason behind the change?
Your Say: Insurers can influence metal theft
While parliament is yet to agree the scope and specifics of the Scrap Metal Dealers Bill, what is certain is the scrap metal industry is facing tighter controls than ever before.
Your say: More metal theft debate is needed
I’m pleased to see MP Richard Ottaway’s private members bill, the Scrap Metal Dealers Act, receive Royal Assent. Its aim is to regulate the industry, crack down on cash payments and eliminate rogue traders.
Scotland's future: Change is already afoot in Scotland
If the insurance industry needed a reminder that the Scottish Government already has significant power to affect insurance operations, it need look no further than last month’s announcement of a consultation on the Scottish court system. The draft Courts…
View from the Top: Correcting the balance
Cut the middle man out of motor insurance for lower premiums and better service, says Dominic Clayden.