Politics

HSE cuts could trigger premium rise

CBG Group has warned that insurance premiums could reach a 10-year high in reaction to the Health and Safety Executive’s plans to cut unannounced workplace inspections.

Biba welcomes motor cost report

The British Insurance Brokers’ Association (Biba) has welcomed the Transport Select Committee’s report into the cost of motor insurance.

Towers Watson criticises motor insurance report

Towers Watson has criticised the House of Commons’ transport select committee report into the cost of motor insurance for falling short of endorsing the recommendations in Lord Justice Jackson’s review of civil litigation costs.

MIB to launch CIE TV campaign

The Motor Insurers’ Bureau is set to launch a television campaign “in the coming months” to raise awareness of the new Continuous Insurance Enforcement scheme.

Committee calls for PI action

The House of Commons cross party transport committee has called on the insurance industry to take action against the rise in personal injury claims.

Dedicated insurance police force mooted

The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.

PPI bill set to become “colossal”

Jonathan Evans, chair of the All Party Parliamentary Group on Insurance Financial Services, has warned that the final figure for payment protection insurance mis-selling compensation could end up as high as £4bn.

EC plans to standardise tax

The European Council’s proposals to standardise taxes across member states could mean fewer insurance companies look to redomicile to countries such as Ireland.

New ABI DG to focus on consumer issues

The Association of British Insurers’ new director general has pledged to put consumer issues across general insurance and life & pensions at the centre of the organisation’s strategy.

Editor’s comment: two new faces to watch

With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.

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