ABI on London riots
The Association of British Insurers (ABI) has expressed its sympathy for residents and business owners who have suffered damage to their properties in the London riots. The Association’s director of...
View ArticleISO enhances Rating Service offering
ISO has developed newly formatted algorithm files to accompany its ISO Rating Service and ISO Electronic Rating Content. Rating data and the rules for acting upon rating data are now in formats that...
View ArticleFSA acts on packaged account insurance
The packaged bank account, which commonly includes some kind of insurance cover, has attracted the attention of the Financial Services Authority (FSA). The regulator estimates that one in five UK...
View ArticleHigh Court throws out Sky TV warranty appeal
The Court of Appeal has dismissed appeals by Digital Satellite Warranty Cover and Satellite Services. The businesses, which are not registered with the Financial Services Authority (FSA), provided...
View ArticleAon extends investment consulting to insurance market
Aon Hewitt is extending its investment consulting services to the insurance market at the same time as building on its existing offering to the corporate sector. With insurance companies facing fresh...
View ArticleInsurance application fraud up 23%
Insurance fraud rates reached 11 in every 10,000 applications and claims in 2011, according to Experian, with the proportion up 23% on 2010. Figures from the credit rating firm show 89% of insurance...
View ArticleAviation insurance sector turns in a profit
The airline and aviation manufacturing insurance sectors turned in a profit in 2011, following one of the safest years in recent times in terms of aircraft losses and passenger fatalities, Willis...
View ArticleFinancial ombudsman sends warning shot to insurers
Financial Services Ombudsman (FOS), Natalie Ceeney, has warned insurers that things are “going wrong” in the sector. Speaking at a conference hosted by the Association of British Insurers, Ms Ceeney...
View ArticleProspect of global insurance accounting standard dims
Swiss Re’s latest “Sigma” report takes a fresh look at the long-running debate over upgrading and harmonising insurance accounting practices. And a key conclusion of the study is that accounting...
View ArticleLloyd’s provides cover for “Coldest Journey”
Lloyd’s of London, Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the most challenging...
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