Politics
Editor’s comment: A heavy downpour
It never rains but it pours. Cliche that may be but it’s one that works on multiple levels across the insurance industry this week.
Government applauds insurance initiative over charity driver rules
Charities expect to see a rise in volunteer drivers after insurers agreed to clarify their rules and post the data online, in a move welcomed by the government.
Post history – 30 years ago: US insurers earthquake partnership
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Post history - 50 years ago: BIA assures BoE over national need
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
MP calls for ban on referral fees
A Yorkshire MP based in a city with the fastest rising rates of comprehensive motor insurance is calling for parliament to ban referral fees after his report found high personal injury claims are driving premiums up in that area.
Biba and government join forces over flood risk
The British Insurance Brokers’ Association is working with the government to ensure people in high-risk flood areas can still obtain insurance once the Association of British Insurers’ statement of principles expires.
Riot update - Legal implications: Rioters without a cause?
The dust may now be settling on the riots across England, but the debate about legal implications for the insurance market will continue to rage on. Ros Jones and Alex Booth assess the main coverage issues from the perspective of insurers, reinsurers and…
Post history – 30 years ago: Government to pay out over riots
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Insurers extend riot notification period
Insurers have extended their claims notification periods for claims resulting from the riots in response to the government’s own extension of the notification period under the Riot (Damages) Act compensation scheme.
Working party formed to solve costs policy issues
A team of lawyers from different disciplines are to sit on the new Civil Justice Council working party to find practical solutions in three areas of costs policy identified in Lord Justice Jackson’s civil litigation costs review.
BIS countdown - John Pollock: Managing the media
Legal & General’s John Pollock has a passion to improve the social profile of the insurance industry. He tells Jonathan Swift how it needs to unite to build consumer trust and improve its media standing.
Charity insurance: Charitable status
Despite facing economic pressures, charities are being pushed into the spotlight as a natural fit to run services for the ‘Big Society’. Mark Ingram looks at developments in this sector.
Insurance heavy-hitters demand regulatory co-ordination
Insurance and banking regulators should use the 12-month delay in fully implementing Solvency II to provide urgently required clarity and create a co-ordinated response to it and Basel III, according to the group chief risk officer at Zurich.
Support set up for riot compensation claims
The government has set up a website and phone support for householders and businesses seeking compensation for riot damage.
Independent panel to investigate riots
The government is set to establish an independent panel to give victims of the riots a chance to "have their voice heard", Deputy Prime Minister Nick Clegg has announced.
Industry welcomes riot claims period extension
The insurance industry has welcomed the Prime Minister's decision to agree to extend the period for policyholders to lodge claims from 14 to 42 days under the Riot Damages Act.
Riot Damages Act enforced even if uninsured - deadline extended
Prime Minster David Cameron has announced that the period for claims to be lodged under the Riot Damages Act has been extended from 14 to 42 days.
Industry needs to “wake up” MPs to Solvency II
Speaking to Post, Chris Leslie MP, shadow financial secretary to the Treasury, said that the insurance industry has not yet managed to wake up parliament and politicians to the impact that Solvency II could have.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
View from the top: The going gets tough
Tough is probably a rather English understatement to describe the state of the world — and the world of reinsurance and insurance — today.
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
Labour leader calls on insurers to pay riot claims quickly
As David Cameron prepares to “fightback” against the rioters and looters who have wreaked havoc in recent days, opposition leader Ed Miliband has called on the government to work with insurers to help victims.
Jack Straw confirmed for annual Post Claims Event on 12 October
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Post Claims Event on 12 October, Postonline can reveal.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.