Insurers to save £2bn as Vnuk law set to be axed by the end of June
The controversial Vnuk law, which could have created an extra £2bn a year of costs for the insurance sector, is expected to be axed by the end of June as Motor Vehicles Bill passes through House of Lords’ committee stage with no amendments.
The Motor Vehicles (Compulsory Insurance) Bill, aims to amend retained European Union law relating to compulsory insurance for the use of motor vehicles, and for connected purposes.
It was introduced
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Former colleagues pay tribute to David Sweeney
Former colleagues of ex-Hiscox, Sterling and Brightside manager David Sweeney have paid tribute to him after he sadly passed away at the end of last month.
Automated Vehicles Bill finally passes through Parliament
Insurers have stated the passing of the Automated Vehicle Bill today represents a "significant step forward" but warned they need "access to relevant data in order to support the adoption of this technology.
Markerstudy’s Lizzie Smith-Foreman on the importance of a sustainability strategy
View from the Top: Lizzie Smith-Foreman, director of group marketing, communications and sustainability at Markerstudy, says that clear sustainability aims are a must if you want to keep doing business with your partners and customers.
Repair costs continue to push up home insurance premiums
According to the Association of British Insurers’ premium tracker, home insurance premiums increased 3% in the first quarter of 2024, following a severe winter for weather damage.
Jaguar Land Rover offers £150 off new policies
Jaguar Land Rover has announced an “Insurance Contribution initiative”, which provides £150 per month towards the cost of cover for its policies for new Range Rover models.
Flood Re makes changes to ‘address evolving landscape’
Flood Re has today announced changes to key scheme parameters, with the aim of ensuring the continued availability and affordability of flood insurance.
EV manufacturers to face competition from China
Allianz chief claims officer Graham Gibson has told Insurance Post that electric vehicle OEMs "have their work cut out for them" ahead of stiff competition from Chinese firms entering the market.
Why insurance companies love furry faces
Building desirable brands in the insurance market is a challenge, but it all boils down to the right level of distinctiveness, and of course, it helps to have a lovable mascot that evokes an emotional connection, writes Rob Allen, strategy partner at branding and design agency Coley Porter Bell.