Politics
Australia: Disaster averted?
Australian insurers facing possible requests from the government to help fund mitigation projects say it is not a cost they should bear and that any funding will eventually be paid for by policyholders.
Fundamental dishonesty clause criticised for 'unfairly targeting claimants'
Claimant legal bodies have slammed the non-amendment of the the Criminal Justice and Courts Bill clause
Legal Update: Ping-pong - it's not table tennis
Andrew Parker anticipates amendments to unfinished legislation as this parliament draws to a close
Insurers warned against 'indiscriminate use' of fundamentally dishonest clause
Insurers will be advised to avoid “indiscriminate use of legislation” designed to strike out claims deemed fundamentally dishonest, according to a partner at defendant law firm BLM.
Motor insurers and SMEs in firing line as court fee rises are considered
Proposed court fee increases have been criticised by legal experts for countering the government’s aim of reducing the cost of litigation, amid concerns motor insurers and SMEs will be impacted by the changes.
City minister's apprenticeship figures ‘a mistake’ says CII
The Chartered Insurance Institute has moved to correct City minister Andrea Leadsom’s claims on apprenticeships, claiming the MP is mistaken on numbers.
Fraud taskforce agrees terms of reference in first meeting
The government fraud taskforce has identified data protection as one area to focus on following its first meeting this week.
Biba sets out plan for more affordable regulation
The British Insurance Brokers' Association has set out a 10 point plan to achieve regulation that is better value for money in its 2015 manifesto, launched today (19 January).
Biba confident on pre-election manifesto progress
The British Insurance Brokers’ Association is confident it can make rapid progress on a list of 20 “calls for action” issued as part of its 2015 manifesto.
Video: Biba executive director Graeme Trudgill on the 2015 manifesto
British Insurance Brokers’ Association executive director Graeme Trudgill talks to Post news editor Callum Brodie ahead of the launch of the trade body’s far-reaching 2015 manifesto.
Biba Manifesto 2015: Breaking news
The Post team brings you the breaking news on the British Insurance Brokers' Association's Manifesto 2015 as it launched at parliament on 19 January.
Video: Preparing for the Insurance Bill
Last year the government introduced the Insurance Bill to Parliament, with the aim of supporting the growth of Britain’s insurance industry and helping customers by updating the 100 year-old rules governing contracts between businesses and insurers.
ABI pushing for annual £1bn flood defence spend in new campaign
The Association of British Insurers is calling for an annual £1bn investment in flood defences by 2025 as part of its Flood Free Homes campaign, launching tomorrow (20 January) at Westminster.
Airmic welcomes Insurance Bill warranty amendment
Risk management association Airmic has welcomed the reinstatement of a clause in the Insurance Bill that means insurers can deny cover for warranty breaches only if they are relevant to the risk.
Blog: What impact would Cameron's encryption ‘ban' have on the insurance industry?
In light of the recent events in Paris, one of the biggest stories following the tragedy has been the response from the UK government on measures to help prevent any future attacks on the UK regarding the surveillance of electronic communications.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.
Evidence for reinsurance reforms expected to centre around regulation and tax
The cost of regulation, tax and immigration are the themes expected to come under the microscope following a plea for evidence on potential reinsurance reforms by City minister Andrea Leadsom MP.
Counter-Terrorism Bill to be debated in the House of Lords
The House of Lords will be given the opportunity to debate the controversial new Counter-Terrorism and Security Bill, which includes a ban on insurers covering ransom payments.
First phase of government telematics review to report in April
The first phase of the government’s review into the potential of telematics to improve safety for young drivers will be delivered in April, according to the Minister of State for the Department for Transport Baroness Kramer.
IUA boss Matcham welcomes TRIA renewal agreement
The International Underwriting Association has heralded the decision in the US to renew the Terrorism Risk Insurance Act as a means of reducing economic uncertainty.
UK insurance industry need not fear EU exit, says City minister
The UK’s insurance industry has little to fear from a potential European Union exit, according to economic secretary to the treasury Andrea Leadsom MP, who has also called for more evidence from the London market on its challenges.
BLM hires former law commissioner Hertzell as consultant
Law firm BLM has appointed David Hertzell as a consultant following the end of his tenure as law commissioner.
Plowman appointed chair of Older Drivers Task Force, which will seek evidence in New Year
The Road Safety Foundation has confirmed that its trustee and former civil servant John Plowman will chair the Older Drivers Task Force.
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.