Politics
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.
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.