Politics
Biba members to benefit from crime requirements checking facility
Members of the British Insurance Brokers’ Association will be kept up to speed with their obligations under the Terrorism Act and the Financial Services Authority’s financial crime requirements following the association’s launch of a checking facility.
Transport Committee's motor insurance report delayed
The Transport Committee has delayed plans to publish its 12th report of the Cost of Motor Insurance by five days to 12 January.
JLT appointed to manage new mortgage indemnity scheme
Jardine Lloyd Thompson has been appointed by the Home Builders Federation to manage and develop the newly introduced mortgage indemnity scheme, which will see mortgages on new build homes underwritten by house builders and the government.
Insurers call for "serious" government action on flood risk plan
The Association of British Insurers and its members have called on government to “seriously consider” subsidised flood insurance for policyholders in high risk areas, replacing the Statement of Principles, which expires in 2013.
ABI slams government flood risk plans
The Association of British Insurers has criticised government flood risk plans branding the arrangements “frustrating”.
MPs demand changes to riot payments
MPs on the Home Affairs Committee have demanded the government speed up payments to victims of future riots and permanently extend the application deadline to 42 days.
Insurers respond to proposed dangerous dogs guidelines
Yesterday judges published the first proposed sentencing guidelines for people convicted for dangerous dog offences in England and Wales.
ABI calls for “focused approach” to publishing ombudsman decisions
The Association of British Insurers has questioned the Financial Ombudsman’s Service policy of publishing all its decisions.
Insurance certificates removed from road tax application process
Motorists will no longer be obligated to produce a certificate of insurance in order to purchase road tax amid new government plans geared towards clamping down on forged documents.
Indian parliamentary committee rejects proposal to raise FDI cap
India’s parliamentary standing committee on finance has rejected the government’s proposal to increase the cap on foreign direct investment in insurance from 26% to 49%, according to India Today.
Durban 2011: More than a once-a-year event
All eyes are focused on Durban for the 2011 UN Climate Change Conference. But according to many this is much more than a once a year event, reports Andreas Spiegel.
Final Solvency II deadline for Jan 2014
Insurers will be expected to fully comply with Solvency II by 1 January 2014, according to financial secretary to the Treasury, Mark Hoban MP.
Gender ruling poses both 'opportunity and threat'
Deloitte has warned industry leaders that the introduction of rules banning the use of gender as a pricing factor could have a “huge effect” on premiums for a wide range of policies.
NI to bring pleural plaques legislation
New legislation is to be introduced in Northern Ireland next week allowing pleural plaques sufferers to claim compensation.
Zurich calls on government for clearer winter advice
It is not just the responsibility of businesses to prepare ahead of extreme weather, but a “necessity” of government to support businesses, communicate clearly and provide advice, according to Zurich.
Claims club: Industry warned over 'slow and amateurish' police riot response
The insurance industry has been told to brace itself for “slow and amateurish” responses from police authorities to riot-related claim submissions.
Your say: Urgent lessons must be learnt from the government’s critical riot report
The government’s interim report on the summer riots makes uncomfortable reading for the insurance industry.
Health & safety: A matter of interpretation
Health and safety reform is high on the government’s agenda, but is the problem with application rather than legislation?
Galbraith brands financial crisis terminology a "challenge" to the sector
British Insurance Brokers’ Association chief executive Eric Galbraith has today told parliament that the language used by the government and regulator about the financial crisis is a challenge facing the sector.
SRA announces January start date for ABS
The Solicitors Regulation Authority will start accepting licensing applications for alternative business structures from 3 January 2012.
Health and safety proposals welcomed by insurers
Insurers and lawyers have welcomed the government’s claim that it will cut the health and safety burden on employers.
Fire protection sprinklers: The market needs saturating
Despite research showing sprinklers significantly reduce economic damage and environmental impact following major fires, hopes for mandatory legislation remain low.
Insurers hopeful on Autumn Statement
Insurers are more optimistic about future tax policy in the UK compared to a year ago; a PwC poll has revealed.
ABI guide tackles “overzealous” H&S rules
The Association of British Insurers has published a new guide to tackle the “overzealous” interpretations of health and safety rules for the voluntary sector and small businesses.