Politics
Independent midwives agree commercial PI solution
Independent midwives have agreed a commercial professional indemnity insurance arrangement allowing them to continue practising under new EU legislation.
MGAA membership hits 93 as original steering group is honoured
Managing General Agent Association chairman Reg Brown has heralded the association’s work in raising regulatory awareness of the booming sector after revealing the MGAA now represents more than £3.3bn of gross written premium.
Insurers adopt watch-and-wait approach to India ahead of proposed FDI changes
The proposed increase in the foreign direct investment cap in Indian insurers from 26% to 49% may not have the desired effect if the conditions for investment are too stringent, according to market commentators.
ABI critical of draft Flood Re finance rules
The Association of British Insurers has deemed the draft rules on the financial management of Flood Re "unworkable" following the launch of a consultation on the scheme's regulations.
Treasury to unveil guide to investing in UK infrastructure
Insurance companies will be among financial services firms targeted by chief secretary to the Treasury Danny Alexander’s guide to investing in UK infrastructure.
Biba heralds 'transparent' Insurance Bill
The British Insurance Brokers’ Association has welcomed the introduction of the Insurance Bill as a means of increasing “certainty over the rules” on contracts between insurers and businesses.
McCafferty ‘outstanding candidate' for Flood Re role, claims Woolgrove
Interim Flood Re chief executive Tom Woolgrove says newly appointed permanent CEO Brendan McCafferty has a unique set of skills to get the scheme across the line.
MPs and insurers warned new licencing act may hinder fraud investigations
Insurers have been warned that the new licencing arrangements for investigators could prove a hindrance, not a help, to their fraud teams.
Treasury minister Morgan handed education remit
Nicky Morgan has been handed a new role as secretary of state for education just over three months after being named as replacing Sajid Javid.
Environment secretary Owen Paterson ‘sacked’
Incumbent environment secretary Owen Paterson will depart the cabinet as part of a reshuffle being announced today, according to reports.
Insurers and government consider risk cover for growing asset-sharing sector
Concerns raised over claims management companies approaching the industry
Biba to formulate guidance on sharing economy
The British Insurance Brokers' Association is to put together guidance on insuring risks for asset-sharing companies following a meeting between industry and government yesterday.
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Fundamental dishonesty change will have 'unintended consequences' warns MASS
Lawyers from the claimant fraternity have raised concerns over the Transport Select Committee’s latest motor report, with the proposal to strike out claims for fundamental dishonesty and changes in the small claims track singled out for criticism.
In-Focus: Public Sector - Q&A Bill Sulman
Post spoke to Bill Sulman, director for public sector at Aon Risk Solutions, about the common business continuity threats for the public sector and how insurers, brokers and risk managers can work together for mutual benefit.
Insurers seek clarity over tangible returns from infrastructure investment
ABI looks to secure 20-year investment partnership with government
Hong Kong legal changes win captive audience
Recent legislative changes in Hong Kong have set out the government's "determination" to promote the city state as a hub for captive insurance, according to law firm Howse Williams Bowers.
Industry and government to meet on sharing society insurance solution
Insurance industry representatives are to meet with government and asset-sharing companies next month to discuss insurance solutions for people who share their homes and vehicles.
UN Secretary General asks insurers to expand infrastructure investment
The Secretary General of the United Nations has called on the insurance sector to expand its investments into infrastructure, with a particular focus on disaster resilient projects.
Government to reform laws on London short-term letting
Research from Direct Line's select premier insurance shows London homeowners could earn an average of £116 per room once legislative changes making short-term letting easier come into force.
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
ABI outlines Flood Re SME exclusion stance at Defra meeting
The Association of British Insurers reiterated its view there is no evidence SMEs have a problem accessing affordable flood cover at a meeting between government and representative organisations yesterday.
Industry attacks government’s ‘flawed’ risk-pooling arrangement for schools
Marsh boss Weil warns scheme will ‘cost the taxpayer a lot of money’
Aviva data shows crash for cash incidents up 51% last year
Aviva is calling for stronger deterrents for crash for cash gangs after claims fraud data from the insurer revealed there had been a 51% increase in fraudulent slam-ons last year.