Insurers Pay Record Claims for Weather-Related Damage in UK: ABI February 11, 2025 Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in...
British Insurers Propose Green Infrastructure Funding Model July 23, 2024 By Huw Jones Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers...
Travel Insurance ‘Will Likely’ Cover Injuries Sustained in Singapore Airlines Incident: ABI May 23, 2024 Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers...
UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI April 29, 2024 Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen...
Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums April 18, 2024 By Huw Jones The rising cost of car insurance has triggered a barrage of complaints in the cost of living crisis, Britain’s financial...
UK Home, Business Property Insurance Payouts Hit $6B in 2023 April 15, 2024 By Carolyn Cohn Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a...
Banks, Insurers Ordered to Report Sexism and Bullying Cases in Britain February 15, 2024 By Kirstin Ridley and Carolyn Cohn Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and...
Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry November 16, 2023 By Olivia Konotey-Ahulu Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in...
Rapid Shocks in Store for Insurers in New Bank of England Stress Tests October 3, 2023 By Huw Jones The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a “stress...
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...