Politics
One in six households face Flood Re exclusion, claims Hiscox
Hiscox is seeking urgent talks with government ministers ahead of the Water Bill passing through parliament, after claiming one in six households are currently excluded from Flood Re.
Tulloch to kick-start flood funding talks after visiting policyholders
Aviva UK chief executive Maurice Tulloch has played down suggestions the insurer should channel funds earmarked for UK infrastructure investment into improving flood defences, but has vowed to act as a facilitator for industry talks with government on…
Insurers urged to direct infrastructure investment into flood defences
MP’s suggestion comes as PWC warns recent flooding could cost sector £500m.
BPF urges MPs to support Water Bill amendments
The British Property Federation is urging politicians to support Water Bill amendments being tabled in the House of Lords that would extend affordable flood insurance to excluded groups.
Europe: Clearing up confusion
A mid-January decision to amend the European Union's Insurance Mediation Directive - set to come into force in 2016 - through a revised Markets in Financial Instruments Directive has generated much confusion.
Insurers told to prepare for ‘seismic’ impact of driverless vehicle technology
ABI set to attend Valentine’s Day government summit on driverless cars.
Editor's comment: A crucial Valentine’s Day date
Autonomous – or driverless – cars are clearly the future.
ABI rejects suggestions mesothelioma payout will increase to 100% over time
Asbestos Victims Support Group Forum attacks exemption U-turn.
Brokers could be probed in personal accident policy mis-selling investigation
Shadow business secretary accuses six employment agencies of mis-selling.
Difficult decisions ahead on flood defence funding, admits EA chair
The chairman of the Environment Agency has conceded there is “no bottomless purse” for flood defence spending and that decisions must be made on whether to prioritise town or country.
Government U-turn on mesothelioma exemption roundly condemned
A government U-turn that will result in mesothelioma sufferers no longer being able to pocket the total amount of a claim has been slammed by opposition MPs and claimant lawyers.
DfT demands more telematics research before young driver safety green paper
Insurers warn telematics is not a ‘silver bullet’ as long wait for paper continues.
Umunna makes formal apology to Gee 7 Group over mis-selling claims
Shadow business secretary Chuka Umunna has formally apologised to Gee 7 Group after accusing it of arranging personal accident insurance packages that were then allegedly mis-sold by employment agencies.
North of the border: Taking steps on civil claims
The Scottish government plans to increase the limitation period from three years to five years.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Gee 7 Group seeks apology from Umunna over mis-selling claims
The company accused of arranging personal accident insurance packages that were allegedly mis-sold by employment agencies is seeking a full apology from the MP that made the claims.
ABI to defend merits of driving curfew at Westminster talks
The Association of British Insurers has reiterated its backing for the introduction of a curfew for young drivers in the face of growing calls from telematics firms for government to scrap the proposed scheme.
Wunelli adds support to non-curfew solution ahead of government debate
Wunelli is calling on government to introduce policy adjustments as opposed to implementing a nighttime curfew for young drivers, ahead of a Westminster debate with telematics providers next week.
'Profiteering' employment agencies accused of mis-selling by MP
A government body is investigating whether employment agencies have been mis-selling workers personal accident insurance.
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.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
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?
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.
Bangkok rocked by explosions
Political turmoil in Thailand's capital continued over the weekend when 28 people were injured after two explosions at an opposition rally.