Association of British Insurers (ABI)
EC to delay Solvency II implementation to coincide with financial years
The European Commission is set to delay the implementation of the Solvency II directive by two months for accounting purposes.
ABI estimates £62m payout from volcanic ash disruption
The Association of British Insurers has said that the cost of volcanic ash disruption to travel insurers between the 15 – 21 April is likely to reach £62m.
Climate change: Storm in a teacup
Was the 'climate-gate' incident blown out of proportion? Dr Andrew Dlugolecki looks at the facts behind climate change and why a couple of e-mails do not contradict the science.
Climate change: Just the beginning
After the failures of the conference in Copenhagen, Rachel Gordon looks at the work done by insurers in ensuring the threat of climate change is properly addressed.
Comment - BI wordings: Refresh not reject
Business interruption wordings are under review, explains Damian Glynn, to minimise misunderstandings and unrealistic assumptions.
ABI welcomes Biba to flood working group
The Association of British Insurers has welcomed the prospect of working with the British Insurance Brokers' Association to deal with major flood events.
Dalton to take on Jacobs' role at ABI
The Association of British Insurers has confirmed the appointment of Justin Jacobs' successor as head of property, motor & liability.
Faster compensation for people injured in road accidents
Around half a million people injured in road accidents will receive compensation they are entitled to much more quickly under a streamlined compensation process that comes into force today, according to the Association of British Insurers.
Fire regulations: The future for fire
Peter Barker explains how the new fire safety rules may impact insurers, and argues the case for a nationally recognised quality scheme for fire risk assessors.
Property claims - Conference news: Council leader praises trade bodies over Cockermouth
Allan Haile, assistant director of economic development at Cumbria County Council, praised the collective support of the Association of British Insurers and the Chartered Institute of Loss Adjusters during the Cockermouth floods in November 2009.
Property claims - Conference news: Flood research facility is mooted by working group
Tim Humphreys, policy adviser at the Association of British Insurers, explained that an industry working group has begun exploring the possibility of setting up a Thatcham-style organisation to study flood damage.
Property claims - Conference news: Insurers insist ABI surge plan "fraught with danger"
Insurers have voiced concerns that the Association of British Insurers' idea for a surge plan in response to events such as widespread flooding is "fraught with danger".
Co-operative Insurance calls for ELIB
David Neave, director of general insurance at Co-operative Financial Services, has called on the insurance industry to fund an Employers’ Liability Insurance Bureau.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
ABI backs PI lawyer involvement in ELTO
The Association of British Insurers has welcomed the idea of involving personal injury lawyers' data in the Employers' Liability Tracing Office, despite reservations from the legal profession.
Editor's comment: Industry must not lose face under ash cloud
The volcanic ash that has grounded many passengers over the last week has certainly thrown the insurance industry into the spotlight again. With thousands of flights cancelled and people left stranded all over the world, the issue of travel insurance…
Comment - MoJ reforms: Roadworthy
Reforms to speed up the claims of those injured in road traffic accidents are imminent ‹ and it is in everyone¹s interest to make them work, says Nick Starling.
Lockton backs mobility vehicle cover review
Lockton has backed government proposals to introduce compulsory third-party insurance for mobility vehicle users.
Rebuilding costs fall in Q1
The cost of rebuilding a house has fallen 1.5% in the first quarter of 2010 compared with the same period in 2009, according to figures produced by the Royal Institute of Chartered Surveyors’ Building Cost Information Service.
Law firms welcome class action u-turn
The government has dropped controversial plans in the Financial Services Bill to allow class actions against financial institutions.
ABI's vision shortsighted
I write in response to the recent article 'MIB chief's warning over extra Employers' Liability Tracing Office costs'.
Aviva improves flood map
Aviva is set to unveil a new flood mapping model it claims will enable it to offer "more competitive prices" to household policyholders.
Bill plans dropped
The government has dropped controversial plans in the Financial Services Bill to allow class actions against financial institutions.
ABI reveals massive trade credit claims increase for 2009
The Association of British Insurers has revealed the cost of trade credit claims soared by 95% in 2009, while business prospects remain "highly uncertain".