Politics
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.
Claims companies shoulder blame for high motor insurance
More than 50% of UK drivers blame the cost of motor insurance on claims companies and injury lawyers, according to a survey published today.
UK government urged to tackle flood risk insurance issues
The UK government has been urged to take action "sooner rather than later" to tackle flood risks.
FCA chairman named
The government has appointed John Griffith-Jones as the non-executive chair designate of the Financial Conduct Authority (FCA).
Fitch hails OFT decision to refer motor market to Competition Commission
Fitch Ratings has welcomed the Office of Fair Trading’s (OFT) provisional decision to refer the private motor insurance market to the Competition Commission.
OFT competition decision on motor market divides opinion
The news that the Office of Fair Trading (OFT) is considering referring the private motor insurance market to the Competition Commission has been met with a range of different reactions.
Trade body demands greater clarity over new regulators
The International Underwriting Association (IUA) has called for greater clarity on how the two new insurance regulators are going to cooperate.
Riot scheme not fit for purpose, says ABI
The Association of British Insurers (ABI) has called for an overhaul in the law that provides for compensation to be paid to the victims of riots.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
Referral fee ban lacks definition and will "damage access to justice"
The LASPO Bill represents “a litany of missed opportunities for the personal injury system” according to John Spencer, director of Spencers Solicitors.
Water companies must stop flood of unnecessary policies says Which?
Consumer group Which? has revealed that ten of the UK’s twelve biggest water companies are promoting supply pipe insurance which is potentially unnecessary.
Video: What The Papers Say latest edition
On the sofa this month are Graeme Trudgill, head of corporate affairs at the British Insurance Brokers' Association and Jonathan Swift, editor in chief of Incisive Media's insurance division.
Home Secretary gives backing to Biba and ABI signposting initiative
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have revealed a government backed signposting agreement which they claim will make it easier for older customers to find motor and travel insurance.
Marsh and Guy Carpenter team up to tackle flood insurance drought
Marsh and Guy Carpenter have joined forces with digital mapping and land data intelligence provider Landmark Information Group to create a new flood risk reinsurance pool.
Budget reforms 'strongly welcomed' by ABI
The Association of British Insurers (ABI) has welcomed many of the changes revealed in today’s budget, despite the fact they will have little direct impact on the insurance industry.
Hector Sants resigns as FSA chief
Hector Sants will step down as CEO of the Financial Services Authority (FSA) at the end of June 2012.
One in ten young professionals take out no insurance
One in ten young professionals would rather “take the risk” than spend money on insurance, a new study has revealed.
Biba urges Chancellor not to raise IPT in the Budget
The British Insurance Brokers’ Association (Biba) has called on the Chancellor not to raise Insurance Premium Tax (IPT) above its current level of 6% in the upcoming Budget on 21 March.
Biba to investigate government CCTV fuel proposals
Graeme Trudgill, head of corporate affairs at the British Insurance Brokers’ Association (Biba), has confirmed that the trade body’s motor committee will be looking into reports that the government may be planning to use CCTV to prevent uninsured…
Insurance complications surround government CCTV fuel proposals
Drivers of uninsured cars may find themselves unable to fill up at petrol stations under new government plans, according to The Mirror.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.
ABI warns time is running out on flood insurance cover
The Association of British Insurers (ABI) has warned that the clock is ticking on the need to secure a long-term sustainable flood insurance market in the UK.
Ai Claims sees slip in profit and revenue
Ai Claims Solutions has reported a fall in profit to £858,000 in the six months to December 2011 compared to £1.2m in the same period of 2010.
Corporate Underinsurance: Improving understanding of business interruption cover
Last year's riots brought the problem of a lack of business interruption cover to the fore. What are the solutions to underinsurance in this area?