Politics
Aon reportedly on rogue investigator SOCA list
Aon has been named among the firms that appear on the Serious Organised Crime Agency's (SOCA) list of organisations that used rogue private investigators, it has been reported.
LSE study warns that Flood Re is "unsustainable"
The Flood Re agreement struck between the government and insurers is at risk of being "unsustainable", a study has warned.
Biba questions new government flood agreement
The British Insurance Brokers’ Association (Biba) has responded to the Department for Environment, Food and Rural Affairs' (Defra) flood insurance consultation with concerns over a lack of cover being available for small businesses and some UK…
Time to look in the mirror
It has long been argued by the insurance industry that the public's perception of the sector has been damaged by the actions of bankers, that insurers have been unfairly tarnished by the same financial services brush.
BPF warns that Flood Re will leave "thousands" of SMEs adrift
The British Property Federation (BPF) has warned that Flood Re will leave "thousands" of SMEs unable to afford insurance cover.
Private investigator in Lloyd's of London blue-chip hacking claim
A private investigator who was jailed last year for his role in the blue-chip hacking storm has claimed that insurers at Lloyd's of London were among his clients, it has been reported.
Insurance companies implicated in use of rogue private investigators
Ten insurance companies have been implicated in the use of the “rogue element of the private investigation industry”, according to a report from the Serious Organised Crime Agency (Soca).
Motor and home insurance premiums fall again in Q2 2013
Motor and home insurance prices “plummeted” in the second quarter of 2013, according to the most recent AA British Insurance Premium Index.
Biba turnover rises by 9% to hit £3.5m
The British Insurance Brokers' Association (Biba) saw its turnover rise by 9% to reach £3.5m for the year ended 31 December 2012.
Defra and ABI had 60 meetings in Flood Re countdown
The Department for Environment, Food & Rural Affairs (Defra) has had 60 meetings with the Association of British Insurers (ABI) to discuss the future of flood insurance since January 2012.
Insurers welcome end to Statement of Principles uncertainty
Outgoing Allianz UK CEO Andrew Torrance has described the Flood Re deal to replace the Statement of Principles (SoP) as "a step in the right direction".
Deal finally struck to replace Statement of Principles
An agreement has finally been struck between the government and insurers to replace the Statement of Principles (SoP) and "guarantee" affordable flood insurance for homes.
AA warns fines for uninsured driving pose little deterrent
AA Insurance has welcomed the planned increase in the fixed penalty fine for driving without insurance from £200 to £300 but warned that it will do little to deter those who habitually drive without cover.
Jet-ski specialist broker welcomes £500,000 cash injection
Johnstone Insurance Brokers has received a £500,000 funding package from Santander Corporate & Commercial, backed by the government’s Enterprise Finance Guarantee.
MOJ to name rule breaking CMCs online
The Ministry of Justice (MOJ) has revealed that it will be logging any breach of the rules by claims management companies (CMCs) online for consumers to check.
Tougher penalties planned for uninsured drivers
The British Insurance Brokers’ Association (Biba) has welcomed plans to enforce tougher penalties for motorists caught driving without insurance.
UKGI exposes liability claims fears
Brokers’ most pressing concern is the fear of being exposed to liability claims for the delivery of inaccurate risk data following the implementation of the Consumer Insurance Act, according to a survey by UKGI.
Transport committee in whiplash investigation
The Transport Committee has called for evidence on reducing the number and costs of whiplash claims.
The state we’re in
If the UK is to avoid another economic crisis in the near future, insurers and the government need to join forces to tackle flood insurance, says Tony Cornell
ABI calls for greater political commitment to flooding plans
The Association of British Insurers (ABI) has called for cross-party political support to ensure that the UK can properly tackle flood risk.
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.