Association of British Insurers (ABI)
Post magazine - 11 October 2012
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Allianz casualty boss wants MoJ fixed fee clarification
Allianz has become one the first major insurers to comment on the Court of Appeal's decision to revise the judgment made following the Simmons v Castle case relating to a damages uplift.
Alarm and RSA 'welcome' CoA revised damages uplift judgment
Risk management body Alarm has welcomed the outcome of today's Court of Appeal decision to reverse the initial 10% damages uplift judgment for conditional fee arrangement funded claimants.
Claims 2012: ABI brands Riot Damages Act "inadequate"
Last year's riots in England demonstrated the need for radical reform of the Riot Damages Act, according to Aidan Kerr, head of property insurance at the Association of British Insurers.
Revised uplift judgment sparks impassioned responses from ABI and APIL
The Court of Appeal decision to revise its initial judgment relating to a 10% uplift in general damages has drawn contrasting responses from two of the key stakeholders from the hearing.
ABI wins 10% damages uplift challenge
Claimants that have entered a conditional fee arrangement before 1 April 2013 will not qualify for the 10% uplift in damages after the Association of British Insurers won a challenge in the Simmons v Castle case.
UK FSCS in talks over Lemma liquidation
The Financial Services Compensation Scheme is stepping in to help customers of Lemma Europe Insurance Company Ltd after declaring the firm in default.
National curriculum should include driving, says the AA
The AA is calling for driving education to be part of the national curriculum at a Conservative Party conference fringe event.
Aviva calls for more rigorous driving tests
Aviva has backed the Association of British Insurers' campaign to introduce changes to driving qualifications in a bid to improve road safety.
The rise of pet insurance fraud
Shocking stories of claimants deliberately harming pets are guaranteed to grab headlines, but what is the truth behind the increasing level of fraud detected in a sector predicted to be worth £900m by 2015?
Factor in reforms, motor insurers urge Competition Commission
The Competition Commission has been urged to consider the impact of upcoming legal reforms, including the ban on referral fees and changes to general damages, when it begins its two-year investigation into the private motor insurance market.
Judgment on damages uplift faces further delays as new Chancellor is sworn in
The Court of Appeal's written judgment on how the incoming 10% rise in general damages will be implemented has been further delayed, much to the exasperation of interested parties.
Brake technology to cut insurance premiums
Motorists who buy cars fitted with autonomous emergency braking technologies as standard could benefit from cheaper insurance premiums from this month.
Francis accepts nomination for Swiss Re board
Mary Francis has been proposed for election to Swiss Re's board of directors at its next annual general meeting in April 2013, and to join the board of directors of Swiss Reinsurance Company on 1 October 2012.
'Signposting' agreement has not worked, says Age UK
The 'signposting' agreement introduced by the Association of British Insurers in April is not working effectively, according to a leading age charity.
ABI backs Competition Commission credit hire investigation
The Association of British Insurers has thrown its support behind the Office of Fair Trading's decision to refer the motor market to the Competition Commission.
ABI launches Retail Distribution Review jargon buster
The Association of British Insurers has created a guide for retail customers to help boost understanding of changes due under the Retail Distribution Review
Insurers manage trillions of pounds in investments, ABI finds
UK insurers are now paying out nearly £200m every single day to customers, according to figures published by the Association of British Insurers.
Post Top 100 UK Insurers Supplement: AM Best commentary - Flooding the market
A deluge of weather-related claims, coupled with low investment returns, continue to dampen non-life insurer performance albeit one buoyed by premium increases.
Rehabilitation First Awards 2012 - The winners
Guests were welcomed to the eighth annual Rehabilitation First Awards, held at the Royal Garden Hotel in Kensington, by chair of the judging panel and editor of Post Lynn Rouse, who spoke of how the hugely successful London Paralympics could prove a …
Biba boss urges Financial Conduct Authority to regulate 'appropriately'
British Insurance Brokers' Association chief executive Eric Galbraith, pictured, has called for "more appropriate" regulation, and offered to "help point the gun" at problem areas to support the FCA's efforts to stamp out product mis-selling.
Industry divided over advantages of attending party conferences
Insurers remain divided over the merits of attending party conferences as a means of raising the profile of important industry issues in political circles.
Motor insurance: Driving down cover costs
With two major indices reporting a fall in the cost of motor insurance, there are signs that the sector’s fortunes are improving. Can insurers afford to be optimistic, or should they proceed with caution?
Court of Appeal delays decision on key date for 10% damages uplift
The Association of British Insurers' hopes of ensuring that the forthcoming 10% rise in general damages is tightly synchronised with the withdrawal of the recoverability of success fees and after-the-event premiums hang in the balance.