Politics
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference today.
Government founds group to promote Islamic finance
The government has announced the latest part of its plan to make Britain a leading Islamic finance centre, unveiling a new group to drive the growth of shariah-compliant financial products.
Insurers frustrated as MoJ defers increase in small claims track threshold
Justice Secretary confirms medical expert panels will be introduced for whiplash.
North of the Border: Jury still out on court reform plan
It’s been called a “great project of civil court reform” by Lord Gill, and it is true the draft Court Reform (Scotland) Bill is a significant part of the Scottish government’s programme to overhaul and update Scotland’s justice system.
SME broker clients concerned by ‘under-achieving’ PPC
Broker Simply Business is demanding that companies found to be flouting the government's Prompt Payment Code are fined, having stated that late payment represents a major issue for clients.
Necessity of new EU nuclear liability proposals questioned by industry
Premiums could rise due to new rules as UK announces new power station.
MoJ to introduce expert panels for whiplash claims
The Ministry of Justice has confirmed a package of measures, such as the introduction of independent medical panels, aiming to combat whiplash and reduce the cost of motor insurance premiums by £80.
C-Suite: The answer is blowing in the wind
Insurers can have a positive influence on the renewable energy debate, but investment is needed.
Surveillance firms lose insurer business as ICO investigates use of private eyes
Firms found complicit in illegal data gathering will face criminal prosecution.
Brokers warn insurers not to rush into private security firm cover
Concerns raised over claims frequency of problem doormen supervisor sector.
MAST security training courses receive government approval
The Department for Transport's Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Night curfews won’t work, warns Insure the Box
Banning young people from night-time driving would not help reduce premiums or improve driving behaviour, according to a report by Insure the Box.
MAST security training courses receive government approval
The Department of Transport’s Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Transport ministers told to consider graduated driver licensing
The Department for Transport has been advised to consider the introduction of graduated driver licensing for young drivers by the Transport Research Laboratory.
Compulsory licences for security firms present opportunity for insurers
New rules mandating licenses for private security firm could create opportunities for insurers, according to Dave Humphries director of partnerships and interventions at the Security Industry Authority.
Industry backs extension of squatting ban despite lack of claims in 2013
Property landlords liable for damage and personal injury as a result of squatters.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
Sajid Javid to keep ‘insurance minister’ role
Former Economic Secretary to the Treasury Sajid Javid will maintain his financial services portfolio in his new role as Financial Secretary, Post understands.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
Three insurance clients of rogue private eyes investigated by ICO
The Information Commissioner’s Office has asked the Commons Home Affairs select committee not to publish the names of 19 clients of rogue private eyes that it is investigating.
ABI calls on government for action on young driver safety
The Association of British Insurers has warned that Government stalling on its promise to improve young driver safety.
Fraud: Breaking the habit
From holidaymakers to corporates, exaggerating or fabricating an insurance claim could become common practice – so what can insurers do to combat this culture By Ruth Lawrence