Association of British Insurers (ABI)
Underinsured flooding risks costing £1bn a year
Uninsured or underinsured flooding risks are costing £1bn a year in England and Wales according to new figures.
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.
Robert Hiscox slams "feeble" ABI
The outgoing chairman of Hiscox, Robert Hiscox, has hit out at the lack of expertise in the incoming regulator and lack of strength among industry representatives at a recent industry conference.
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”.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
LV hires claims director from American Express Insurance
LV has appointed Chris Rolland as claims director responsible for overseeing all aspects of claims within LV's general insurance business.
Income pressure to hamper premium recovery until 2015
Non-life premiums will not recover to 2003 levels until after 2015, according to the Ernst & Young ITEM Club Outlook for financial services.
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.
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.
Brightside's Holman hits out at slow approach to DVLA access
Brightside Group has hit out at the insurance industry for not securing access to the DVLA database sooner than it is.
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.
Broker's Ark
If you’ll excuse the mixed metaphor, I think the topic most likely to explode in insurance land this year is flooding.
Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.
So long, brave new dawn
The FSA is looking for nearly £580m in fees from the industry in its final year of existence, a 15% increase on the previous year.
ABI refuses to renew statement of principles for flood insurance
The Association of British Insurers (ABI) has hit out at the government and said it would not renew the statement of principles for flood insurance as it was supposed to be a short-term measure and grossly distorted the market.
MPs criticise government over flood defences
The Commons Public Accounts Committee has criticised the government over flood defences and urged the Association of British Insurers to renew its statement of principles on flood insurance.
A Festivus for the rest of us
A couple of years ago I bought a bank. You probably did too. Ever since I have been paying out generous bonuses, none more so than the £1m I gave to Stephen Hester yesterday for kindly running the Royal Bank of Scotland so well.
Thoresen urges FCA to tone down the rhetoric
Otto Thoresen, director general of the Association of British Insurers (ABI), has called on the Financial Conduct Authority (FCA) to engage with balanced rhetoric to head of a confrontational relationship with the industry.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Cameron's attack on H&S culture challenged by legal sector
David Cameron has vowed to “wage war” against the health and safety culture in Britain.
Profile: Biba does Brussels
Distribution, European influence and a united voice for insurance are just some of the key areas new Biba chairman Andy Homer and CEO Eric Galbraith are focusing on, writes Martin Friel
Government brings ABI young driver proposals to a full stop
Road safety minister rejects ABI proposals to place restrictions on new and young drivers
Ex-ABI man to head up new FSA department
Peter Vipond has been appointed as head of department, insurance sector and prudential support, at the Financial Services Authority (FSA).
ABI questions Ombudsman's publishing policy
The Association of British Insurers (ABI) has questioned the Ombudsman’s policy of publishing all its decisions.