Association of British Insurers (ABI)
FCA chief to reflect on first 100 days
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), will tell the Association of British Insurers' (ABI) conference that the FCA is “a very different animal to the Financial Services Authority (FSA)”.
Defra and ABI had 60 meetings in Flood Re countdown
The Department for Environment, Food & Rural Affairs (Defra) has had 60 meetings with the Association of British Insurers (ABI) to discuss the future of flood insurance since January 2012.
FCA to probe dual pricing
The Financial Conduct Authority (FCA) will investigate dual pricing, it has been reported.
Insurers welcome end to Statement of Principles uncertainty
Outgoing Allianz UK CEO Andrew Torrance has described the Flood Re deal to replace the Statement of Principles (SoP) as "a step in the right direction".
Deal finally struck to replace Statement of Principles
An agreement has finally been struck between the government and insurers to replace the Statement of Principles (SoP) and "guarantee" affordable flood insurance for homes.
Clock is ticking for motor legal market
So the countdown has begun for the motor legal expenses insurance (MLEI) market.
Insurance trade bodies welcome FCA motor legal expenses review
Both the British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have welcomed the regulator’s review into Motor Legal Expenses Insurance (MLEI).
UIB and Elite in renewed assault on UK solicitors' PI market
UIB has renewed its binding authority capacity deal with Elite Insurance for another year.
Biba and ABI launch telematics guides
The Association of British Insurers (ABI) and the British Insurance Brokers’ Association (Biba) have produced two guides on telematics.
ABI research into motor claims cost sees whiplash hit 20%
A new report by the Association of British Insurers (ABI) has revealed that personal injury costs now make up the largest proportion of motor insurance claims.
Elite Insurance rejoins the ABI after departure over Jackson reforms
Elite Insurance is to rejoin the Association of British Insurers (ABI), after leaving the trade body in June 2011.
ABI calls for greater political commitment to flooding plans
The Association of British Insurers (ABI) has called for cross-party political support to ensure that the UK can properly tackle flood risk.
Shooting from the lip
Last Friday was brilliant.
Flaxman Partners labels insurers "disingenuous" amid Biba fallout
Claims specialist Flaxman Partners has defended the British Insurance Brokers' Association's (Biba) controversial research revealing that insurers have become stricter on paying claims.
Biba defends claims research
The British Insurance Brokers’ Association (Biba) has defended its handling of the research which claimed insurers had become stricter at paying claims.
ABI slams Biba’s claims research
The Association of British Insurers (ABI) has waded into the debate surrounding research by the British Insurance Brokers’ Association (Biba) alleging that insurers were becoming stricter on paying claims.
Flood risk homeowners hit with £20,000 excess
Homeowners in areas prone to flooding are already facing excess levels up to £20,000 on their insurance policies, according to the AA.
Mixed reaction to government proposals on whiplash
The Association of British Insurers (ABI) has welcomed the government's plans to take tough action on tackling rising whiplash claims, amid criticism it is "cheap political point scoring".
JLT warns of "economic chaos" after flood insurance impasse
JLT has warned that the current flood insurance deadlock could soon harm commercial insurance.
Fitch predicts flood insurance pool
Fitch has stated that the most likely solution to providing insurance coverage in high-flood risk areas of the UK is the introduction of a non-profit risk pool.
ABI claims government flood talks have hit deadlock
The Association of British Insurers (ABI) has claimed that government talks over securing long-term flood insurance for high-risk households have reached deadlock.
MASS calls for better resources to tackle crash for cash fraud
Crash for cash figures released by the Insurance Fraud Bureau (IFB) have been branded “astonishing” by the Motor Accident Solicitors Society (MASS).
All work and no play
With the new regulator fast approaching it seems that every week more and more news stories seem to be focusing on what will change for the insurance industry.
Industry welcomes OFT motor market decision
The Office of Fair Trading’s (OFT) decision to refer the private motor insurance market to the Competition Commission has been welcomed by firms across the industry.