The Association of British Insurers (ABI) has hit out at the government and said it would not renew the statement of principles for flood insurance as it was supposed to be a short-term measure and grossly distorted the market.
The declaration came on the same day as MPs criticised the government over flood defence spending and a lack of clear lines of responsibility in a new report. The ABI stated that insurers were "frustrated"...
Product will offer insurance and risk management to oil and gas organisations.
Van linked to three cases which would have cost insurers £100,000, as police appeal for information on others involved.
Insurer stresses UK property and casualty not affected by disposal plans.
Move broadly supported but market flags short-term concerns