Politics
MoJ issues consultation for RTA portal extension
Last night the MoJ issued a consultation letter to key stakeholders on further extending the fixed costs scheme currently used for Road Traffic Accident claims to cover Employers’ and Public Liability policies.
Thai regulator raises foreign share cap to 49%
Thailand's insurance regulator, The Office of the Insurance Commission, has agreed to raise the foreign shareholding limit in the country's insurance companies from 25% to 49% in a bid to liberalise the market.
Countdown to ISE: Q&A with guest speaker Kurt Karl
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Reinsurance, will be presenting the session on 'Recent economic challenges and risk management' at Insurance Strategy Europe in Brussels on Wednesday 21…
Ecclesiastical launches campaign to save churches from metal theft
Ecclesiastical is set to invest £500 000 to fit roof alarms to the worst-hit churches.
Your say: Piping up over freezing
The Department for Environment and Rural Affairs is dropping hints that it may agree to some sort of subsidy for properties built in flood zones to support insurers in offering affordable cover.
Editor's comment: A call to arms - for some
In a week where some of the news could have come from the pages of a spy novel with hidden cameras and tracker devices being used, it is with some comfort that one story appears a simple case of black and white.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Corporate Underinsurance: Improving understanding of business interruption cover
Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?
View from the top: SMEs need insurer support to prosper in tough times
Tiny glimmers of hope came from the Confederation of British Industry this month, with its prediction Britain will avoid an official recession and see reduced inflation in the second half of 2012.
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Post magazine – 23 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Zurich appoints Bouchard head of government and industry affairs
Zurich Financial Services Group has appointed Francis Bouchard as the group head of government and industry affairs, with effect from 1 April 2012.
LMA and government reach agreement on export licences
The Lloyd's Market Association has reached agreement with the UK government to speed up the authorisations Lloyd's and other London market underwriters need to insure the international movement of weapons and military equipment used by the United Nations.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.
Ferma advisor made Dexia director
The Belgian government has appointed a former president of the Federation of European Risk Management Associations as an independent director to state owned bank and insurer Dexia.
Insurers in the Philippines reject tax waiver
Non-life insurers and reinsurers in the Philippines have rejected a government offer of a 10% reduction in annual aggregate tax, according to reports in the local press.
Axa UK CEO warns PM Cameron telematic rates are not a silver bullet for young drivers
The CEO of Axa UK & Ireland Paul Evans has warned PM David Cameron that telematics is not a silver bullet to sort out the issue of restrictive insurance prices for young drivers.
Video is next step for telematics
Technological advances in the world of telematics are expected to continue apace, following the claim that miniature in-car cameras could soon be installed to identify the number of potential claimants.
Motor claims: Senior Labour MP dismisses LASPO as a ‘Christmas Tree’ Bill
The Legal Aid, Sentencing and Punishment of Offenders Bill has been criticised for limiting access to justice for poorer claimants and disguising the abuses of insurers and claims management companies as a compensation culture.
Comment: Keep calm and carry on
The industry needs to keep its sense of perspective about the current market turmoils
RTA Portal extension divides opinion due to lack of clarity and timescales
ABI welcomes changes but industry raises concerns over timescale for implementation.
Brokers unconcerned as RBSI rebrands as Direct Line
Brand Finance heralds move as sensible
Market fears for unintended consequences as first ABS approval nears
The first alternative business structure could be greenlighted as early as next week.
Government rules out legal curfew for young drivers
The government has dashed insurer hopes of legal intervention to curtail and curfew young drivers.