Association of British Insurers News

ABI Says Reducing Whiplash Costs Key to Lower Auto Premiums

“Tackling the cost of whiplash claims is essential to ensure UK motorists continue to benefit from lower average motor insurance premiums,” The Association of British Insurers said in a bulletin. According to the ABI’s latest quarterly average private comprehensive motor …

McCafferty to Become CEO of UK’s Flood Re: ABI

A bulletin from the Association of British Insurers announces that “Brendan McCafferty has been appointed CEO of Flood Re, after a selection process run by the Flood Re directors and senior representatives from the insurance industry.” He is currently the Commercial …

ABI Exec Welcomes Government’s Insurance Growth Plan

As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers commented: “The Insurance Growth Action Plan demonstrates how important the UK insurance industry is to the economy and wider society …

ABI Estimates 105,000 Claims Totaling $208 Million from St. Jude Storm

The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims, and pay out £130 million [$208 million] to policyholders whose homes, businesses and vehicles were damaged during last week’s St …

ABI Warns Travel Sickness Could Cost Uninsured Brits over $1,300

Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to the Association of British Insurers. The ABI’s bulletin noted that “many travelers are under-estimating or ignoring the risk …

British Insurers’ Proposals Target Whiplash Claims

Anyone claiming whiplash injury should be required to undergo examination by an accredited medical expert under proposals being pushed by the Association of British Insurers (ABI). According to the organization, everyday 1,500 people claim whiplash injury. Reported whiplash has risen …

ABI Analyzes Effect of Upcoming Gender-Neutral Insurance Pricing

With one month to go until gender-neutral pricing becomes mandatory in the UK, the Association of British Insurers (ABI) stressed that “the insurance market will remain competitive despite the ruling and has published key consideration points for consumers set to …