A bulletin from the Association of British Insurers states that “older customers will find it easier to get motor [auto] and travel insurance under an agreement between the ABI, the Government and the British Insurance Brokers’ Association (BIBA).” The agreement, …
Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss Re evince just how bad they actually were. In its latest sigma study the reinsurer points …
The European Union will allow some insurance on Iranian oil shipments before its full embargo starts on July 1, member states agreed on Thursday, responding to concerns from Asian importers heavily reliant on the EU for their coverage. The decision, …
The Association of British Insurers (ABI) is urging homeowners not to worry unnecessarily, but to be aware of the ongoing drought conditions currently afflicting the UK. The extremely dry weather, with little or no rainfall across many parts of the …
Phil Ellis, the CEO of Willis Global Solutions Consulting Group, called on the insurance industry “to innovate rapidly to address the glaring gap that exists for reputational risk cover.” Speaking at a seminar -The Risk Frontiers Conference – in London, …
The Association of British Insurers (ABI) has warned that the flood risk faced by communities in political constituencies across England and Wales presents a “worrying”‘ situation. It selected “Boston and Skegness in Lincolnshire as the constituency with the most homes …
Swiss Re’s new report – “Lessons from recent major earthquakes,” focuses on the most recent series of devastating quakes, which have caused extensive loss of life and injuries, along with widespread property damage, over the past two years. The report …
Underwriting Agency, i-Digital Insurance and specialist Lloyd’s insurer Jubilee have joined forces to develop and distribute a new product providing coverage for downloaded content held on computers, smart phones, mobile devices and any other form of electronic equipment. “i-Digital’s own …
An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …
Otto Thoresen, director general of the Association of British Insurers has issued a statement outlining the organization’s position on flood coverage in the UK, in response to recent proposals from the government. “This is a frustrating update from the Government,” …
