Politics
Jackson reforms do not go far enough
Government proposals on civil litigation costs should be welcomed by the insurance industry, according to Centre for Justice director Anthony Hurndall.
Government insists it will not make "knee jerk" referral fee ban decision
The Government has insisted that while sympathetic to a ban on referral fees, it will not introduce one as a knee jerk reaction.
F&L quits ABI over Jackson support
Financial & Legal has become the latest legal expenses insurer to resign from the Association of British Insurers in protest against the trade body's support of the Jackson Review.
Editor's comment: Customer conundrum
Cuddly toy or cold hard cash? That appears to be the latest dilemma facing the insurance-buying public.
TSC re-opens premiums inquiry as referral fee furore escalates
The chair of the Transport Select Committee has told Post that motor insurers will be called back to parliament for further questioning following her decision to re-open its inquiry into the rising cost of motor insurance.
Post history - 20 years ago: Yugoslavia has mixed reaction
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Tackling fraud - Roundtable: The time for action is now
With new counter-fraud tools coming onstream, Post gathered a group of experts to assess whether these will be enough to outweigh expected reductions in police resource when fighting this crime. Chinwe Akomah reports.
Tax exemption option could lure back firms
Firms that have redomiciled for tax purposes could consider returning to the UK if a government-driven consultation on corporate tax for controlled foreign companies leads to substantial legislative changes, according to Pricewaterhouse Coopers.
Affinity: 'Sticky' challenge faced by affinity in bid to boost business
Insurers must "tap into partner loyalty" within affinity arrangements if they are to stay one step ahead of mounting outside pressures, according to Ageas' partnerships director Ian Wardle.
Referral fees a 'red herring' claims CSC
The Claims Standards Council has warned the insurance market that abolishing referral fees is a "red herring" that will only send motor insurance premiums "through the roof", due to the loss of their ancillary income stream.
Broker focus - Biba/IIB merger: Let's get together
Following the initial flurry of excitement when Biba and the IIB announced they were in merger talks, Chinwe Akomah talks to the market about their hopes and concerns for new a single body.
Financial and Legal leave ABI in protest against review
Financial and Legal has become the latest legal expense insurer to resign from the Association of British Insurers in protest against the trade body's support of the Jackson Review.
Parliamentary Connections: The gender discrimination battle is lost: age will be the next battleground
Insurers should welcome the announcement earlier this week by Treasury minister Mark Hoban about the UK government plans for implementing the recent European Court of Justice ruling outlawing the use of gender as a rating factor when setting insurance…
Transport Commitee re-opens inquiry into motor insurance premiums
The Transport Committee is to re-open its inquiry into the cost of motor insurance premiums after further concerns about the increasing cost of premiums.
Foil calls for fixed fees to be slashed
The Forum of Insurance Lawyers has urged the government to extend the road traffic accident claims portal to £25 000 and to reduce fixed fees in the regime.
‘Dirty secret’ comes as no surprise to legal expenses group
The Legal Expenses Group has welcomed Jack Straw’s investigation into referral fees.
Hoban addresses insurance community
This morning Mark Hoban, Financial Secretary to the Treasury gave a speech to the London 100 Group at the City of London Club.
Government delivers gender certainty
The government has today announced that domestic law is to be amended to deliver absolute clarity for brokers and insurers on when and how the forthcoming European ban on gender-based premiums takes effect.
Post history - 20 years ago: US blamed for Lloyd's record losses
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Keoghs boss: motor claims costs to rise under reforms
The Ministry of Justice should "refocus on cost" if Lord Justice Jackson's reforms are to deliver lower premiums for customers. Steve Thomas, director of market affairs at law firm Keoghs, has warned the government consultation that started in August…
ABI biennial conference: Cable tackles short-termist culture
Business Secretary Vince Cable has launched a three-pronged strategy to tackle a culture of short-termism and bolster corporate governance, while ensuring the proper functioning of capital markets.
Editor's comment: Referral fees witch hunt
Well, it was bound to happen sooner or later: public outrage at referral fees and the "gobsmacking" practice of insurers making money from passing on details of claimants to personal injury solicitors. Few, however, would have put money on it emanating…
News comment - Women in business: Room at the top
After Business Secretary Vince Cable called on insurance company chairmen to publish their medium-term targets for female board representation, Heather Jackson explains why quotas are not the answer.
Spotlight on: Insurance scores - Number crunching
Looking at the links between credit data and insurance behaviour is unusual in the UK, but this could be about to change, claims Sam Barrett, as insurers look to develop the data sources they use.