Politics
New year European windstorm damage estimated at €267m
Perils has today disclosed an initial loss estimate for windstorm Andrea, which occurred in Western Europe from 4-5 January 2012, of €267m.
Business continuity plans can save companies, Biba research reveals
New research from the British Insurance Brokers’ Association and the Cabinet Office has revealed business continuity plans are likely to stop companies from failing after a major disruption such as a flood or fire.
PM and insurers unveil six point plan after motor premium summit
The Prime Minister has committed to tackling the compensation culture, reducing legal costs and cutting health and safety red tape.
RSA disappointed in lack of clarity for RTA portal extension
Neil Lightbown, RSA's underwriting director for the UK and Western Europe, said however that it is a "step in the right direction".
Apil criticises ‘short-sighted’ civil justice change
The Association of Personal Injury Lawyers has said that introducing further change to a civil justice system which is already in the throes of a series of major reforms would be short-sighted.
Government announces RTA portal extension
The Road Traffic Accident portal for motor personal injury claims will be extended to include claims worth up to £25 000 and, for the first time, employers’ and public liability claims.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
View from the Top: Future Flooding
Government must play its part in achieving a satisfactory solution to flood defence
Employers’ liability: A fund of last resort
The need for a fund of last resort for employers’ liability claims still divides the insurance community. While plans to create an Employers’ Liability Insurance Bureau have stalled, it still has supporters who are determined to see these proposals come…
Government deregulation puts sprinkler legislation on back burner
Insurers have been told to prepare for government apathy over mandatory sprinklers legislation and, at best, expect piecemeal change.
Vietnam's finance ministry calls for consolidation to strengthen insurance market
Vietnam’s finance ministry plans to restructure the country’s insurance industry this year in a bid to stabilize the market, according to reports in the local press.
FSA boss: Insurers and brokers face 'twin peak' regulatory model from April
The Financial Services Authority will reach a "major milestone" in the regulatory reform programme on 2 April 2012, namely the introduction of a ‘twin peaks’ model operating within the FSA.
Greening’s proposals put the ‘cart before the horse’
John Spencer has reacted following comments made over the weekend about the personal injury system by Transport Secretary Justine Greening.
Government drops flood subsidy hint as Defra weathers harsh criticism
The government has hinted it is prepared to agree to some form of subsidy for flood-prone homes to enable insurers to continue to provide affordable cover.
In series - On data: Data driven
Insurers must seize the initiative and make Europe’s mandate to remove gender from premium calculations work for them.
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Riot claims: Disorderly conduct
The fallout from last summer’s riot continues to rumble on, with consequential loss claims against the police relying on principles that can be traced back to the age of Robin Hood.
Hong Kong to launch policyholder's protection fund
Hong Kong’s government will establish a policyholder’s protection fund after reviewing the conclusions of a public consultation, according to the region's information services department.
IRDA snubbed as India's finance ministry forms insurance committees
India’s finance ministry has formed four committees to consult on insurance business in the country, drawing representatives from insurance companies, industry bodies, rating agencies and finance ministry officials.
Boston and Skegness top flood risk table
The Association of British Insurers has revealed that Boston and Skegness in Lincolnshire is the constituency with the most homes at significant risk of flooding in England and Wales.
Insurers call for government to tackle flood risks
Insurers have demanded the government “grasp the nettle” and tackle flooding risks after the Public Accounts Committee demanded a renewal of the voluntary flood insurance agreement.
ABI director general hails finance bill as 'important milestone'
Association of British Insurers director general Otto Thoresen has described today’s publication of the Financial Services Bill as “an important milestone” in the bid to achieve twin peaks regulation.
Your say: Compensation needs to change
The allegation that the Association of British Insurers is maintaining an “attack on injury victims” would be laughable if it wasn’t so offensive.
North of the border: Civil Justice Council for Scotland
Lord Gill's recommendations will establish a body to progress procedural changes, says Catriona Stewart.