Politics
Riot Damages Act recommendations could lead to improved underwriting
Recommendations in the independent review of the Riot (Damages) Act 1886 could be a blessing in disguise for insurers according to industry insiders.
Directors’ & Officers’: Much aD&O about nothing
Despite some predicting an uncertain period for the directors’ & officers’ sector following a government discussion paper and a high-profile claim refusal, unconcerned market insiders explain why education is their current priority.
North East sees biggest rise in road deaths and injuries
The North East of England has seen the biggest increase in accident rates for killed and seriously injured people in 2012, according to IAM’s analysis of recent data produced by the Department for Transport.
Riot Damages Act consultation will be out by December
Policing, criminal justice and victims minister Damian Green has confirmed the government will launch a public consultation on the Riot Damages Act 1886 by the end of the year.
C-Suite: Use data to defeat cyber crime
A recently published survey found the insurance industry was, at best, responding to less than 20% of the risks businesses face.
Legal Update: Whiplash Claims: Lack of action by government on small claims limit gives time for constructive talks
Alistair Kinley says the government’s latest motor measures have little connection to insurance claims and whiplash and there is a failure to implement Transport Select Committee recommendations.
UK insurance industry primed to target takaful opportunities
Political proposals to transform Britain into a leading Islamic finance hub would open up a lucrative untapped market to Lloyd’s players and beyond, according to industry analysts.
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.