Politics
Scottish powers already affect industry
The independence debate has been dominating headlines in Scotland, but insurers should keep in mind that the Scottish Parliament already enjoys significant power over issues that are relevant to their business.
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
North of the Border: SLC proposals look to strike balance
The Scottish government has given a manifesto commitment to reform the law of damages.
Motor Claims 2013: Panellists at loggerheads over credibility of medical evidence
Aviva claims director Dominic Clayden has questioned whether medical evidence is required in all low level whiplash claims, after expressing disillusionment with the current system.
MP hails "significant victory" against metal thieves
Richard Ottaway MP has hailed the success of his Scrap Metal Dealers' Bill, which was passed yesterday in the House of Lords and is due to receive royal assent before Easter.
Pothole claims double in January
The number of insurance claims for pothole-related damage to cars more than doubled in January to 1000, compared with the same month last year, according to estimations by AA Insurance.
Efra chair pushes alternative flood-risk proposal as SoP pressure mounts
The possibility of using a proportion of insurance premium tax to subsidise a pool of last resort for flood-prone homeowners has been championed by the chair of the Environment, Food and Rural Affairs Committee.
ABI slammed for using failed argument to derail Welsh asbestos Bill
The Association of British Insurers has been criticised for fighting a proposed asbestos recovery costs Bill in Wales with a failed argument already overturned in Scotland.
Law Society backs access to justice overhaul
The Law Society has backed Government plans to introduce a regime for ‘class actions’ which it says will enhance access to justice for consumers who have suffered because of anti-competitive behaviour.
UK regulator committed to risk-based regulation regardless of EU status
Plans to implement Solvency II will not be derailed by the Prime Minister’s pledge to hold a referendum on European Union membership if he is re-elected at the next general election.
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is…
Polish Treasury may sell PZU stake to fund investment programme
The Polish Treasury has revealed it could sell its stake in Warsaw-listed insurer Powszechny Zakład Ubezpieczeń to finance its flagship investment programme, the deputy treasury minister said.
Pressure mounting on government as MP brands flood talks 'in disarray'
Ministers have been forced to reiterate that flood talks between the government and the Association of British Insurers are ongoing after a member of parliament claimed discussions were “in disarray”.
JBA enters flood debate with new model launch
JBA Risk Management has joined the UK insurance industry flood debate after releasing a new model of the built environment designed to help property owners better understand the risks to homes, offices and business premises.
Insurers urged to address compliance issues ahead of incoming Act
DAC Beachcroft has warned insurers to prioritise a review of compliance details, after The Law Commission confirmed that the Consumer Insurance Act 2012 will come into effect on 6 April.
Gibraltar government recruits former Ace chief
Michael Ashton, formerly chief executive of Ace global markets, has been hired as senior executive of Gibraltar's Ministry of Financial Services' finance centre department.
Legal forecasts: Predictions on Florida, Italy, Poland and the UK for 2013
In the second of a two-part series Insurance Insight asked members of Insuralex, the global group of specialist insurance and reinsurance lawyers, to highlight their thoughts and predictions for the new year.
Legal forecasts: Predictions for the UAE, US and Germany for 2013
In the first of a two-part series Insurance Insight asked members of Insuralex, the global group of specialist insurance and reinsurance lawyers, to highlight their thoughts and predictions for the new year.
Foil urges MoJ to bring forward fixed fee protocol
The Forum of Insurance Lawyers is calling on the Ministry of Justice to bring forward the introduction of a fixed fees protocol in relation to the planned extension of the RTA Portal.
Lord Younger to steer ERR Bill following parliamentary appointment
Lord Younger has today been appointed Parliamentary Under-Secretary of State at the Department for Business Innovation and Skills by the Prime Minister.
AIG considers joining bailout lawsuit against US government
American International Group, the insurer rescued by the US government in 2008, has come in for stinging criticism after claiming that it is considering joining a lawsuit which states that the bailout conditions were "exorbitant".