Association of British Insurers (ABI)
Motor and home claim costs reach £1.4bn after freeze
Total costs for motor and home claims reached £1.4bn between during 24 November to 31 December 2010, as the big freeze swept across the UK, figures released by the Association of British Insurers have revealed.
ABI: winter freeze cost insurers £1.4bn
The ABI has stated that total costs for motor and home claims reached £1.4bn during 24 November to 31 December 2010, as the “big freeze” swept across the UK.
ABI warns members to prepare for EU gender ruling
In a letter sent by the Association of British Insurers to board members, acting director general Maggie Craig, has advised members to make the necessary preparations for a judgment by the European Court of Justice that as a general principle differences…
Quinn signs up to ABI's GTA agreement
Quinn Insurance has signed up to the Association of British Insurers' general terms of agreement between insurers and credit hire operators.
Motor Claims 2011 – Roundtable: Communication over crash claims
As motor insurers seek to reduce claims costs, Post gathered a group of industry experts together to debate whether a law change would help. Jonathan Swift reports.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Solicitors' PI shake-up plan divides the market
The Law Society has slammed plans to exclude financial institution claims from the compulsory minimum terms of professional indemnity insurance.
Motor claims: Can insurers stem the rising cost of whiplash claims?
With 93% of GPs seeing patients they believe to have exaggerated injuries in order to make a claim, Leigh Jackson asks how insurers can stem the rising cost of whiplash cases.
Legal update: Countering claimant credit hire charges
Credit hire cases are notoriously difficult to defend, even when liability is admitted, says Emma Massey, but insurers can and are securing some success in the courts.
UK insurers taking measures on gender price fears
Research and data company Wunelli has warned insurers that a possible European Court of Justice decision to overturn the UK’s opt out on gender legislation would be highly damaging to UK insurers.
ABI responds to FSA product intervention paper
The Association of British Insurers has responded to the discussion paper published by the Financial Services Authority.
Biba joins forces with ECGD
The British Insurance Brokers’ Association’s trade risk focus group is forming a working group with credit agency Export Credits Guarantee Department.
AA price index shows car premiums still rising
The AA’s British Insurance Premium Index shows that over the last three months of 2010, car insurance premiums jumped by a further 6.4% - adding £51 to the cost that drivers typically pay for an annual comprehensive car insurance policy
Swiftcover backs ABI motor research
Swiftcover said it has backed the Association of British Insurers call for better access to information in the battle to keep motor premiums down.
Commentary - Winter freeze: Burst pipe problems
The industry is currently paying out an estimated £7m a day over burst pipe claims. Graeme Fitzpatrick asks if insurers are doing enough to help customers prevent them.
RSA joins forces with WWF to call for sustainable drainage
RSA has called for an increase in sustainable urban drainage systems to combat the growing effects of climate change.
Damage management - Winter freeze: Preparing for problems in the frozen pipeline
With property claims surging due to the recent cold snap, Rachel Gordon looks into the specific challenges thrown up by freezing conditions for those tasked with managing the damage.
Penny Black's insurance week
Maggie Craig is clearly considered a safe pair of hands by her colleagues at the Association of British Insurers, as she is currently seven months into her second tenure as acting director general.
News analysis - OFT: Competition investigation ends in a 'damp squib'
Following a tip off from insurer RSA, the Office of Fair Trading looked into whether an Experian data analysis tool could create the potential for price fixing. Mairi MacDonald reports on the results of the lengthy investigation.
ABI: over half of motor insurance buyers think 'fronting' is acceptable
Thousands of motorists are putting their motor insurance cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, such as motoring convictions, according to survey findings published today by the…
Eiopa names first chairman
The European Insurance and Occupational Pensions Authority has named Gabriel Bernardino as its first chairman.
ABI responds to OFT competition concerns
The Association of British Insurance has responded after seven insurance companies and two IT software and service providers agreed to an Office of Fair Trading request to limit the data they exchange between them ain light of competition law concerns.
Career development & CSR: Benchmark study puts HR practices under microscope
HR directors are being urged to take part in a benchmarking study comparing human resources practices across the industry.
IFB and Met team up to tackle spectre of ghost broking
The Insurance Fraud Bureau has joined forces with the Metropolitan police to launch an education programme aimed at communities that have recently fallen foul of ghost broking activities.