Politics
Biba: female drivers could face 40% hike in premiums
Insurers have played down pricing implications for young female drivers ahead of the introduction of the EU Gender Directive next week, despite claims that premiums could rise by as much as 40%.
Post Claims Club chair's monthly missive: whiplash, flooding and nappy changing
Apologies for my tardiness with regards the lack of a November blog, but I was otherwise engaged with the birth of my first child.
Thompsons welcomes MoJ omission of EL and PL claims from whiplash consultation
Personal injury law firm Thompsons Solicitors has welcomed the government's decision not to include all personal injury claims, such as employers' liability and public liability, in its whiplash consultation proposals.
AA backs MoJ whiplash proposal while law firm brands it 'a waste of time'
The AA has welcomed the government's proposal to raise the small claims limit to £5000 on road traffic accident cases, but stressed that genuine victims should still be able to claim.
Insurers 'force claimants to settle for less'
A personal injury boss has accused the government of approaching the problem of whiplash "from the wrong end" by ignoring the largely legitimate number of whiplash claims.
MoJ whiplash consultation calls for PI small claims limit extension
The Association of British Insurers has responded favourably to the publication of today's government whiplash consultation, which states that the RTA small claims court limit should be increased to £5000.
Corporation tax cuts are 'encouraging', says RSA SME boss
RSA has applauded government plans to cut corporation tax to help struggling small and medium-sized businesses.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
ABI and Lloyd's welcome government tax cuts
The Association of British Insurers has welcomed the government's plan to reduce corporation tax to 21% in 2014.
Chancellor promises corporation tax cuts
The government has pledged to cut corporation tax to 21% by April 2014 in a bid to help struggling British companies.
Post magazine - 6 December 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Grading the government
With the UK economy still struggling to recover from one of the deepest recessions in generations, expectations were rising fast as Post went to press on Tuesday that a somewhat dejected George Osborne would be addressing the nation come Wednesday…
Police and insurers clash over responsibility for riot damages compensation
The Home Office is to consider appointing an independent person to consult on changes to the Riot [Damages] Act 1886 following the London riots in August 2011.
MPs challenge Paterson on flood stand-off
The Environment Food and Rural Affairs Committee has called on the government to act quickly to resolve its stand-off with insurers over the provision of affordable flood cover.
Editor's comment: Making a stand at last
The Association of British Insurers finally decided this week to reveal the detail of exactly what it is asking government to commit to that will secure affordable flood insurance for 200 000 homes currently facing exorbitant or zero cover come next July.
Piracy: Has the tide turned?
Piracy off the coast of Somalia has dropped significantly since last year – bringing insurance premiums down with it – but what’s behind the decline, and how can it be sustained?
JLT calls on government to back Flood Re
JLT is urging businesses to lobby MPs in a bid to impress on the government the urgent need to agree a flood insurance solution to replace the Statement of Principles when it expires next year.
Biba asks Chancellor to consider the FSCS funding model
The British Insurance Brokers’ Association has urged George Osborne to “ensure appropriate and proportionate” regulation for brokers and to consider the Financial Services Compensation Scheme funding model for his Autumn Statement submission.
UK report highlights role of modelling in disaster risk reduction
A UK government report has urged the disaster risk reduction sector to emulate the insurance industry and increase its deployment of science-based risk models.
ABI urges MPs to pressure government on flood talks
The Association of British Insurers has written to members of parliament urging them to call on the government to rethink its decision to refuse to provide a temporary overdraft for a flood insurance fund.
'Flood insurance talks with government have broken down,' admits ABI
The Association of British Insurers has confessed that talks with government on reaching a joint solution on long term affordable flood insurance have broken down, describing the situation as “impasse”.
Editor's comment: Dread of devolution differences
The inherent skill and unifying philosophy of the insurance industry is based on a fatalistic acceptance that even the most unlikely event has a nasty habit of happening when you least expect it.
Post magazine - 22 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.