Discount rate benchmark to switch from very low risk to low risk investments: expected to be recalculated to between 0-1%
The Government is set to change the way the Discount Rate is to be calculated, by benchmarking it against low...
Read MoreABI urges EU Commission to clarify motor insurance status of private land vehicles in the UK
The ABI has urged the EU Commission to clarify that compulsory motor insurance only applies to vehicles when in traffic...
Read MoreDishonest claims fell by 5% in 2016
Insurers detected 125,000 dishonest claims valued at £1.3 billion last year, a 5% drop from 2015. The figures have been...
Read MoreUK road traffic accident personal injury payouts are 17 times higher than in some other European countries, says RAC Foundation
The RAC Foundation has said that PI compensation levels for road traffic accidents in the UK are 17 times higher...
Read MoreFinancial Guidance and Claims Bill a missed opportunity to ban CMC cold calling, says APIL
The Association of Personal Injury Lawyers (APIL) has said that the Financial Guidance and Claims Bill is a missed opportunity...
Read MoreABI says that increase in inflation requires a “more sensible” Discount Rate
The Association of British Insurers has said that the 0.5% increase in the Consumer Price Index (CPI) inflation measurement requires...
Read MoreNew evidence in A2J commissioned report shows no correlation between whiplash claim numbers and rising motor insurance premiums
Access to Justice (A2J), the personal injury lawyer lobby group, has called on the Government to rethink its plans for...
Read MoreBudget reaction: Chartered Insurance Institute bemoans lack of movement on Insurance Premium Tax
The Chartered Insurance Institute has expressed regret at Philip Hammond’s decision to not use the Budget as an opportunity to...
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