Association of British Insurers (ABI)
Whiplash consultation now closed
The government's whiplash consultation deadline has now passed.
None of the revenue from IPT rise to be spent on flood defences
None of the revenue generated from the recent increase in Insurance Premium Tax has been ring-fenced for flood defences, Post can reveal.
2017 Preview: What lies ahead for insurance?
After sharing their views on 2016 last month, insurers and brokers make their predictions for the coming year. What do they think the highlights and lowlights will be over the next 12 months?
Ocaso rejects £50,000 claim due to policy holder withholding information
The Welsh assembly has criticised Ocaso Insurance’s refusal to pay out for a £50,000 flood damage claims, calling the decision ‘unreasonable’.
This week in Post: Scrooge, Vnuk and season's greetings
As Christmas day draws near lawyers this week branded the Association of British Insurers’ legal challenge over the government’s discount rate review as “worthy of Scrooge himself”.
Storm Barbara ‘could be first major test of Flood Re’
Home owners should take extra steps to ensure they have sufficient cover this Christmas owing to the risk of flooding from Storm Barbara.
Half of PI law firms to close if whiplash reforms go through
Over half of personal injury lawyers will be forced to shut down if the government’s proposed whiplash reforms go through.
Biba to meet business leaders affected by last year's floods
One year on from storm Eva, the British Insurance Brokers’ Association is set to meet businesses affected by last year’s floods in Cumbria.
Lawyers condemn ABI's 'Scrooge-like' discount rate legal challenge
Lawyers have branded the Association of British Insurers’ legal challenge over the government’s discount rate review as “worthy of Scrooge himself”.
ABI launches legal challenge over discount rate review
The Association of British Insurers launched a legal challenge of the Lord Chancellor’s decision to review the discount rate for personal injury damages.
Insurers hold up under ‘extreme’ EU stress tests
Insurers have held up under “very severe” circumstances as part of a Europe-wide market stress test.
Industry 'concerned' over FSCS levy proposals
Trade bodies are concerned over the Financial Conduct Authority’s suggestions on Financial Services Compensation Scheme funding.
IPT: higher and higher
Wasn't expecting that... The lyrics from the Jamie Lawson song could apply to insurers, following the latest hike in insurance premium tax.
Review of the year 2016
2016 started with several UK regions under water, and then saw the launch of Flood Re. It underwent the largest overhaul of insurance law in a century and it finishes on a long awaited reform. Insurers, brokers and industry representatives are sharing…
Insurance sector 'speaking with one voice' on Brexit
The insurance industry is speaking “with one voice” on Brexit, according to trade bodies.
PI firm's 'ethnic penalty' motor premium findings submitted to Human Rights Commission
PI law firm Thompsons Solicitors has submitted its findings on 'ethnic penalties' in motor insurance to the Equality and Human Rights Commission.
5000 on standby for insurers’ winter flooding response
Insurers have thousands of staff on standby to deal with severe flooding this year, the Association of British Insurers has said.
Pool Re chairman joins Neon as non-executive chairman
Neon has appointed Pool Re chairman Geoff Riddell as non-executive chairman.
Spotlight: Motor Data: Increasing data use in the van sector
Van insurance is often purchased by sole traders in the same way as household insurance but data in this sector lags behind the rest of the personal lines sector. What can the sector do to catch up?
UK's IPT now 6th highest in Europe
The UK now has the 6th highest standard rate of insurance premium tax in Europe, coming after Germany, Greece, Italy, the Netherlands and Finland.
Digital Insurance Collective Blog: Where do MGAs fit in?
A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct market but, while direct is an important market, transformation of the indirect channel is also deserving of more attention.
Driverless cars could 'kill off' motor insurance, Ageas warns
Driverless cars could spell the end of motor insurance and force a transformation of the claims process, the CEO of Ageas has warned.
Trov partnership is a model for how to handle disruptors, says Blanc
Insurers should embrace 'disruptive' insurtech start-ups like Trov, said Amanda Blanc, Axa UK CEO.
Insurers pay out £56.7m in claims every day
Insurers paid out £56.7m to customers every day in 2015, according to figures from the Association of British Insurers.