Insurance Regulation

Flood Re Review Should Prompt Property Re-Build Rule Changes

Responding to the publication today of Flood Re’s Quinquennial Review, James Dalton, Director of General Insurance Policy at the Association of British Insurers, said: “The insurance industry established Flood Re as part of our commitment to […]

Insurance Regulation

Regulatory: ABI Advice on Housing Materials Accepted by Govt Committee

A report out today from the Housing, Communities and Local Government Committee has adopted an Association of British Insurers (ABI) recommendation to help increase the safe use of modern methods of construction (MMC) through the development of […]

Insurance Regulation

FCA Reaction to Loyalty Penalty Super Complaint

Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: “Before the CMA published its supercomplaint response last year, we had already begun work in the mortgages, cash savings and general insurance markets. […]

News

Is It The End for the Annual Car Insurance Search & Switch Festival?

Today, the government has announced that firms that overcharge loyal customers could be hit with direct fines under new plans being unveiled this morning by the Government. The move will help tackle the loyalty penalty and practices […]

News

Average Travel Insurance Claim is Now £1300 – Over £400m Paid Out in 2018

The Association of British Insurers (ABI) today reveals that the average medical claim on travel insurance surpassed £1,300 for the first time ever in 2018 – reaching £1,368. Claims can easily reach the tens of […]

News

Driving to Madrid? Don’t Forget Emergency Kit, Insurance & Your Shirt!

As tens of thousands of Tottenham and Liverpool football fans flock to Madrid for the Champions League Final this week, By Miles is urging those who are driving not to fall foul of foreign rules of the […]

Insurance claims

CoverGenius Survey Reveals Consumers Waiting 10 Weeks for Claims Pay-Outs

The whole point of insurance is that it kicks in when something goes wrong, and you get your car fixed, your stuff replaced, or a tidy sum to get some new stuff. Naturally, you’d like […]

Insurance claims

Claims: New Rules See Charges Capped at 20%, New FCA Complaints Regulator

It’s no an April Fool – from today the Financial Conduct Authority (FCA) will be in charge of overseeing the activities of the UK claims management companies (CMC). So everything from your long established PPI […]