Association of British Insurers (ABI)
BPF brands ABI Flood Re claims ‘misleading’
Claims from the Association of British Insurers that the Government’s new flood insurance scheme, Flood Re “will cover domestic properties regardless of whether leasehold or freehold”, have been branded misleading by the British Property Federation.
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Medical panels debate heats up as both sides angle for places in working group
Possible £5000 limit and funding by insurers among issues up for discussion.
Fraud: Stamping out fraud
The government is keen to minimise fraud to reduce premiums, so what penalties should individuals incur when they try to deceive insurance companies?
Post Intelligence docu-video: Is Flood Re the right insurance solution?
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
ABI to launch motor premium tracker this month
The Association of British Insurers is to launch a motor premium tracker at the end of the month which will publish quarterly findings.
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Industry encouraged to apply to lead Flood Re body
The search for a chief executive and chief financial officer for Flood Re Ltd has begun, with a CEO appointment expected before the end of H1.
MoJ working group to have medical panels solution in place by July
The Ministry of Justice will launch a cross-industry working group next month charged with ironing out a solution for the implementation of independent medical panels targeting bogus whiplash claims.
ABI downplays Flood Re delays
The ABI has played down suggestions that Flood Re will miss its summer 2015 deadline, claiming it is making “good progress” with preparations for the scheme.
Former ABI conduct director Craig to join FCA
Former Association of British Insurers financial conduct regulation director Maggie Craig is to join the Financial Conduct Authority this month as an advisor.
Flood Re could miss 2015 start date
Delays to the Flood Re programme mean the long-awaited scheme may struggle to meet its summer 2015 launch date, according to reports.
Mesothelioma Bill’s 75% compensation cap outcome is ‘extremely fair’
Bill edges closer to royal assent as claimant bodies vow to continue to fight limit.
Gender Directive: One year on
Just over 12 months after its implementation, has the Gender Directive impacted the industry as strongly as expected? And what has it meant for the progress of telematics?
In series: Motor: Seeking subrogation solution
With the motor sector in agreement that the dysfunctional subrogation process is in need of repair, will Competition Commission action resolve the situation? And how can insurers help themselves?
IFR live with 'significant proportion' of insurers signed up
The Insurance Fraud Register is now live with the first group of insurers having loaded records onto the database.
Online driving records could see motor premiums fall
The switch to online driving records could reduce motor premiums by £15 a year, according to Cabinet Office minister Francis Maude.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Telematics providers push for young driver curfew plans to be scrapped
Green paper on young driver safety postponed indefinitely ahead of debate.
Career file: Andy Watson: Watson becomes ABI motor committee chairman
Ageas UK chief executive Andy Watson has been appointed chairman of the Association of British Insurers' motor technical committee.
My Licence: Seal of approval
While the My Licence driver data-sharing initiative may have some obstacles to overcome, the industry consensus is that it should benefit all parties involved in motor insurance.