Politics
Renewing Statement of Principles will not solve flood cover issue, says Defra
The issue that confronts the insurance sector and government today is not the ending of the Statement of Principles, as renewing it would not solve the problem, but that underwriters are changing their approach to pricing flood risk.
Academic paper suggests England learn from Scotland about flood risk prevention
An academic made a splash this week by publishing a paper calling for planners, developers and architects to be held "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Christchurch one year on: a forgotten city?
A year on from the earthquakes in New Zealand, while the Christchurch disasters may be slipping out of public consciousness, the work to rebuild the city continues.
Wunelli calls for standard telematics approach
Wunelli has urged insurers to agree a common data standard for the use of telematics.
Labour MP's telematics stance supported by Accenture survey
Drivers of all ages would respond favorably to calls from Labour’s shadow transport minister to force insurers to offer telematics technology as a matter of course, according to an Accenture study.
ABI warns 'clock is ticking' for flood insurance solution
The Association of British Insurers has warned that there is no time to lose in securing a long-term, sustainable flood insurance market.
Academic calls to sue experts over flood risk are 'absurd'
A leading planning barrister has rubbished calls by flood expert for class action lawsuits to be brought against planning officers, consultants, architects and other experts.
Labour wants to force insurers to offer telematics
Labour wants to see every insurance company being forced to offer drivers at least one black box product, according to the Daily Mail.
Government flood cuts could lead to 'thousands' of uninsurable businesses
Thousands of UK businesses are at risk of becoming uninsurable inside three months if the government fails to meet the demands of disgruntled insurers.
We need Solvency II now, demands Eiopa director
Policymakers should not let politics impede the implementation of Solvency II regulations, the head of Eiopa has urged.
MEPs on the front foot as Prudential sparks fear of mass insurer exodus
Solvency II concerns in the spotlight after UK giant linked with Hong Kong move
Editor's comment: Leaving on a jet plane
Reports that the Prudential is looking at jumping into Asia after 164 years has made some obvious waves around the sector.
In Series: Emerging Markets - The India of today
With the civil society movement setting the agenda against corruption, and a growing middle class, India is a market ripe for insurers.
MoJ issues consultation for RTA portal extension
Last night the MoJ issued a consultation letter to key stakeholders on further extending the fixed costs scheme currently used for Road Traffic Accident claims to cover Employers’ and Public Liability policies.
Thai regulator raises foreign share cap to 49%
Thailand's insurance regulator, The Office of the Insurance Commission, has agreed to raise the foreign shareholding limit in the country's insurance companies from 25% to 49% in a bid to liberalise the market.
Countdown to ISE: Q&A with guest speaker Kurt Karl
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Reinsurance, will be presenting the session on 'Recent economic challenges and risk management' at Insurance Strategy Europe in Brussels on Wednesday 21…
Ecclesiastical launches campaign to save churches from metal theft
Ecclesiastical is set to invest £500 000 to fit roof alarms to the worst-hit churches.
Your say: Piping up over freezing
The Department for Environment and Rural Affairs is dropping hints that it may agree to some sort of subsidy for properties built in flood zones to support insurers in offering affordable cover.
Editor's comment: A call to arms - for some
In a week where some of the news could have come from the pages of a spy novel with hidden cameras and tracker devices being used, it is with some comfort that one story appears a simple case of black and white.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Corporate Underinsurance: Improving understanding of business interruption cover
Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?
View from the top: SMEs need insurer support to prosper in tough times
Tiny glimmers of hope came from the Confederation of British Industry this month, with its prediction Britain will avoid an official recession and see reduced inflation in the second half of 2012.
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Post magazine – 23 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.