Politics
Editor's comment: Pessimism or practicality?
Call me a cynic, but I've long been half expecting those headlines to appear - the ones suggesting that the Statement of Principles might merely be extended, or renewed yet again - despite consistent insurer cries that this 12 year-old sticking plaster…
Statement of Principles extension mooted as flood solution sticking plaster
Extending the Statement of Principles may have to be explored as a stopgap if discussions between industry and the government over a long-term flood risk solution rumble on, despite insurers insisting that they will not back down in this way.
FOS receives more than 1000 PPI claims a day
The Financial Ombudsman Service has revealed that it now receives 1500 payment protection insurance complaints every day, taking the overall total beyond 400 000.
Foreign Office launches travel campaign
The Foreign Office and Abta have unveiled a campaign urging holidaymakers to take out travel insurance, highlighting the dangers of balcony jumping.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Thai insurers back new E-claim service for RTAs
Victims of car accidents in Thailand will be treated by hospitals whether they have insurance or not under a new scheme launched by local insurers and the Office of the Insurance Commission.
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
Cash settlements: Morally wrong?
The morality of cash payments to tradesmen came to the fore again last month, but what does it mean for the insurance industry? MA Assist's Paul Hayman talks to Post.
FSA enforcement appointment wins backing of legal expert
CMS Cameron McKenna boss Simon Morris has praised the appointment of Tracey McDermott as FSA director of enforcement, describing her as "clear, tough and determined".
Latest AIG share sale to net US Treasury $750m
The US government expects to receive $750m (£481m) from the latest sale of stock held in American International Group.
CILA adds voice to calls for Riot Act reform
The Chartered Institute of Loss Adjusters has thrown its support behind calls by the government and the Association of British Insurers to reform the 1886 Riot Damages Act by pledging on-going technical assistance to its members.
Discount rate consultation: How should it be set?
On Wednesday, the Ministry of Justice published a long-anticipated consultation into the methodology used by the Lord Chancellor in setting the discount rate for personal injury damages. But what exactly is being consulted on, what options are being…
India's government U-turns on tanker exemption
The Indian government has said that permission for Indian tankers carrying Iranian crude will be given on a case-by-case basis, a shift in position from the general exemption declared previously.
Two-year wait ends as PI discount rate consultation launched
The Ministry of Justice has called on stakeholders to respond to the long-awaited discount rate consultation, which it finally launched yesterday.
Your say: Empty words on historic claims
Malcolm Tarling's comment in the 19 July edition of Post that the Association of British Insurers’ opposition to an Employers' Liability Insurance Bureau is based on the belief that the Employers' Liability Tracing Office "should help significantly in…
ABI demands Riot Damages Act reform one year on from civil unrest
Industry leaders are calling for urgent reform to the Riot Damages Act 1886 after publishing comprehensive claims data on the eve of the first anniversary of the UK riots.
Editor's comment: Meritable but marred
After years of wrangling over questions of fairness, viability and necessity - not to mention extended periods in political limbo - this week we finally witnessed the creation of an insurance fund of last resort for mesothelioma victims.
Trio jailed after attempting to defraud Havering Council
Three fraudsters who attempted to con Havering Council out of an estimated £100 000 have received combined custodial sentences totalling seven months.
RBS denies speculation of affinity split with DLG
The Royal Bank of Scotland has denied suggestions that UK Insurance will be stripped of its position as personal insurance provider for banking customers following the upcoming separation.
View from the top: Much to do about flooding
The need for a new flood strategy is now urgent as the 'temporary' 12 year-long solution is no longer feasible, says Tom Woolgrove.
View from the top: Leading from the front
London has the potential to greatly influence developing insurance markets, says Will Bloomer.
Legal reform: Uncertainty abounds as Laspo countdown continues
The Legal Aid, Sentencing and Punishment of Offenders Act is set to be implemented in April, but insurers and lawyers are concerned by a lack of detail.
Industry divided over RTA Portal extension deadline after Fenn report
The Ministry of Justice is sticking to its April 2013 deadline for the extension of the RTA Portal to cover a wider spectrum of personal injury claims, despite industry concerns that any changes will be rushed through.