Association of British Insurers (ABI)
RBSI puts operating loss down to bodily injury claims injection
The chief executive of Royal Bank of Scotland Insurance said its results were heavily impacted by the need to boost its reserves for bodily injury claims after reporting a £253m operating loss for H1 2010 (H1 2009: £217m profit).
Claims farming clampdown needed to cut motor costs
The insurance industry must tackle the ongoing rise in claims farming in order to reduce overall motor claims costs, according to a recent report issued by Defaqto.
Ex Axa CEO joins Chaucer as non-exec director
Chaucer Holdings has announced the appointment of Mark Wood as a non-executive director from 1 September 2010.
Flooding: Raising the barriers
The spate of high-profile floods over the last five years has given insurers, brokers and clients much food for thought about rates and whether or not some risks can be covered at all. Andrew Tjaardstra finds out what precautions the industry is taking.
Climate science: Too hot for comfort
Global warming is one of the most contested and emotive issues in the world. Regardless of whether the experts are right or wrong, the industry has to face the challenge, writes Danny Bradbury.
Obituary of Allan Bridgewater
Allan Bridgewater, former chairman of the Association of British Insurers, president of the Chartered Insurance Institute and leader of Norwich Union died on 5 August aged 81.
ABI appoints new investment committee chairman
Alain Dromer, chief executive of Aviva Investors, is to become the next Investment Committee Chairman of the Association of British Insurers (ABI).
ABI flood defence warning
The Association of British Insurers has warned the coalition government must make investment in flood defences a priority despite the squeeze on spending
Allianz establishes specialist team to identify fraud
In what it claims is an insurance industry first, Allianz has established a specialist casualty claims validation team, which it predicts could identify up to £15m of fraud next year.
Brokers demand 'safe harbour' from PPI storm
The Financial Services Authority (FSA) has come under increasing pressure to force insurers to share the burden of compensation claims resulting from the widespread mis-selling of payment protection insurance (PPI).
ABI reveals fraudulent claims cost more than £16m a week
Insurers are detecting more fraudulent insurance claims than ever according to figures released today by the Association of British Insurers (ABI).
New government: Coalition consequences
The new government has already announced the end of the Financial Services Authority and an Emergency Budget full of spending cuts and tax rises. Emmanuel Kenning looks at the implications for insurance brokers.
ABI confirms Kelly's departure after few months in role
The Association of British Insurers (ABI) has confirmed that Kerrie Kelly is stepping down from her role as director general to return to Australia for personal reasons.
Subsidence claims could flood in during dry spell
With rainfall at its lowest since 1964, it is likely that there could be a rise in subsidence claims, according to Cunningham Lindsey’s latest Subsidence Surge Briefing.
Regional power hour - Bristol: When it rains, it pours
This month's power hour, sponsored by Ecclesiastical and held in Bristol, looks at the growing impact of climate change on the industry - particularly that of flooding. Martin Friel reports.
Emergency Budget 2010: CGT and IPT rise meets mixed reactions
As part of the coalition government's emergency Budget, Chancellor George Osborne has announced increases in capital gains tax (CGT) and insurance premium tax (IPT).
ABI urges football fans to choose correct travel cover for World Cup
With less than a month to go until kick off, the Association of British Insurers (ABI) is reminding the 20,000 English fans planning their trips to the World Cup in South Africa to ensure that they have the right travel insurance in place.
Tim Breedon to become ABI chairman
The Association of British Insurers has confirmed that Tim Breedon, group chief executive of Legal & General, has been nominated to become its next chairman.
News Analysis: Volcanic fallout
Andrew Tjaardstra reports on the aftermath of the Icelandic eruption.
Volcano will have limited impact on insurance industry, says Moody's
The Icelandic volcanic erruption will only have a limited impact on the insurance industry, according to Moody's.
Trade credit insurers paid out £320m in claims in 2009
Trade credit insurance helped UK businesses by dealing with 22,791 claims in 2009, according to figures from the Association of British Insurers (ABI).
News Analysis: A Budget for business?
Emmanuel Kenning reviews the profession's response to the last Budget before the upcoming general election
Report predicts insurance fraud will hit £2.5bn mark
General insurance fraud losses could reach £2.5bn in 2010, according to research from Experian.