ABI
ABI : Londoners let down by riot compensation scheme
While insurers reacted quickly to help customers hit by last August’s riots, the riot compensation scheme has failed too many Londoners the ABI (Association...
ABI : Tidjane Thiam is new chairman
Tidjane Thiam has been nominated by the Board of the Association of British Insurers to become its next Chairman, with effect from July 3....
ABI : UK compensation culture still needs reform
Further evidence of the need to reform the UK compensation culture comes today with an ABI-commissioned survey showing that three in four people have...
ABI pension report : Time to Act: Tackling our Savings Problem and Building our Future
The key role the workplace will play in closing Britain’s chronic savings gap is highlighted today by the publication of the ABI’s pension report...
Code of Good Practice on Incentivised Transfer Exercises published
A Code of Good Practice on Incentivised Transfer Exercises (ITE) was today published by the Industry Working Group on Incentive Exercises. Developed by a...
AMII : three new teams announced
The Association of Medical Insurance Intermediaries (AMII) has announced three sub committees working directly to the main Executive Committee.
The new sub committees are as...
ABI : calls for an end to the UK’s whiplash culture
People claiming whiplash injuries should not be entitled to compensation unless there is objective evidence that they have suffered injury. This is one of...
Experts warn about flood insurance becoming unavailable to many in just four months
Businesses and homeowners seeking flood insurance could face greater uncertainty and prohibitively expensive insurance premiums in just four months’ time, experts will warn today.
The...
ABI welcomes claims limit extension
The Association of British Insurers (ABI) welcomed on Thursday the Governments announcement to extend the claims limit for settling personal injury motor claims from...
Telematics : the quarrels begin
With the recent surge in interest for telematicts technology, disputes have begun to emerge over the ownership of the data the devices produce.
To nip...
PM’s new year resoltion : “kill off health and safety culture for good”
Prime Minister David Cameron's new years resolution is to “kill off the health and safety culture for good" in the UK.
According to Mr Cameron,...
Insurers using ‘opt out’ loopholes in policies
More and more travel insurers are opting out of covering clients when a medical condition arises after purchasing the policy.
Customers who take out a...
Insurance Fraud Enforcement Department opens it’s doors
London's new Insurance Fraud Enforcement Department (IFED) opened it's doors for the first time today, and already they are reviewing a number of cases...
Insurers may face damages for slow claims payments
A proposal has been made for a law to require insurers to pay legitimate claims promptly or face damages. Under the proposed law, insurers...
FSA : Peter Vipond to head new department
The FSA has appointed a new manager within their Insurance Division.
Peter Vipond will lead the new Insurance Sector and Prudential Support Department as...
ABI : “focused approach” the best method for transparency
The Association of British Insurers (ABI) has questioned whether publishing all findings from the Financial Ombudsman Services' (FOS) is the best way to achieve...
IFB : new Supervisory and Technical Board
The IFB today announced the members of the newly structured Supervisory and Technical Boards. The new structure is a part of its recently agreed...
ABI : reassurance to motorists on winter tyres
Motorists are reassured by the Association of British Insurers as it has been announced there will be no extra charge on their motor insurance...
ABI figures show income from life insurance still falling
The UK life insurance industry paid out $32 million in benefits each day in 2010, according to the Association of British insurers.
The payments were...
ABI concerned about planning framework flood risk
The government's proposed relaxation of the planning regulations could lead to more homes being built in flood risk areas, according to the Association of...
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