Politics
Lembit Opik tells brokers to be "less risk averse"
Politician Lembit Opik has urged Lloyd's brokers to be "less risk averse" and instead encourage mavericks to work in insurance.
Das warns on LEI drop
Das has warned that the number of policy holders taking out uninsured loss recovery has now hit an estimated 50%, down from over 80% a few years.
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.
MOJ shuts another 200 claims companies
The Ministry of Justice (MoJ) has confirmed that between April and November last year it closed 209 claims management companies.
Deloitte predicts 2012 household insurance profit
Deloitte has forecast that insurers will make a 2012 household insurance profit, the fifth year of profitability in a row.
Competition Commission sets out motor investigation timetable
The Competition Commission has unveiled the timetable for its investigation into the private motor insurance market.
Video: What The Papers Say latest edition
In the December edition Ageas' director of communications, Paul Lynes, updates the audience on the insurance industry's negotiations with the government over the ending of the Statement of Principles in June 2013.
Biba supports MoJ's whiplash consultation
The British Insurance Brokers' Association (Biba) supports the government's consultation designed to reduce the number and cost of whiplash claims.
Government to tackle whiplash claims
The government will today unveil plans to tackle what it has described as “the huge number of whiplash claims which have been pushing up costs”.
AA welcomes extra flood defence cash
The AA Insurance has welcomed the news that the government will invest a further £120m on flood defences.
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.
Biba urges government to re-think regulatory approach
The British Insurance Brokers’ Association (Biba) has called on the government to address regulation issues and to provide more support for the general insurance broking sector in the upcoming Autumn Statement.
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.
Insurers facing worst flood damage bills since 2007
British insurers are expected to face the worst flood damage bills since 2007, PricewaterhouseCoopers (Pwc) has warned.
The £50K resignation
If your boss were to offer you £50,000 what would you do? Well, the correct action would of course be to resign.
Biba visits Downing Street
The British Insurance Brokers’ Association (Biba) has visited the Prime Minister’s office to raise a number of key broker issues.
AA urges government to make flood investment a "priority"
The AA has urged the government to make flood investment a "priority" or risk leaving homes uninsurable.
Biba helps government write insurance 'Dummies' book
The British Insurance Brokers’ Association (Biba) has joined forces with the Cabinet Office and several other organisations to produce a new guide for SMEs.
Biba to offer higher commissions through trade credit scheme
Increased commission levels will be available to members of the British Insurance Brokers’ Association (Biba) when they place trade credit insurance through the UK Export Finance initiative.
Insurers blasted for "continuing delays" over flooding deal
Insurers and the government have been slammed for their failure to reach an agreement over affordable cover for households at risk from flooding.
The Eurozone and government cuts top SME worries
UK SMEs have identified continuing Eurozone woes and government spending cuts as the main factors impacting upon their business optimism, according to an Axa Commercial Lines study.
Flood levy could add 10% to home insurance premiums
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.
PMI market faces fight to keep customers amid spiralling costs
The private medical insurance (PMI) market has a fight on its hands to retain its customer base amid spiralling costs, delegates heard at the 2012 Association of Medical Insurance Intermediaries (AMII) conference.