UK buckling under metal theft crime wave
Victims of metal theft are now being paid out over £1 million a week by insurers according to the ABI. For more on the UK’s metal theft crime wave click
here
Commenting on the Care and Support Bill announced in Queen’s speech, Steve Gay, Director of Life, Savings and Protection at the ABI said:
“We hope the Government will stay firmly resolved on tackling the social care funding crisis. Whilst we are pleased to see the draft Care and Support Bill addressing the quality of care, it’s very important that funding reform retains Government focus and is not kicked into the long grass.“The ABI backs proposals in the Dilnot report to cap the amount people pay for care, extend the means-tested limit and introduce a national framework for social care funding. The insurance industry is ready to work with the Government to develop a sustainable solution to this major challenge facing society.”
Motor insurance and volunteering
Motorists using their cars for volunteer work in their local communities should not be charged any extra motor premium under an ABI commitment. Click
here for details of participating insurers.
Solvency II
Commenting on the nine-month push back on the deadline for integration of Solvency II into national legal systems, Hugh Savill, Director of Prudential Regulation, Association of British Insurers said “The Commission’s announcement means that insurers will have even less time to prepare for the implementation of Solvency II. Our members are already well advanced in their preparations for Solvency II but the concern for insurers, particularly those who want to use an internal model, is that this leaves them very little room for manoeuvre.”
Tackling the UK whiplash epidemic
Should people claiming whiplash neck injuries be able to claim compensation without objective medical evidence?
ABI sets out ideas on how to tackle the UK’s thriving whiplash industry
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Home Security
As consumer survey
highlights 1 in 4 may be relying on neighbours for home security, ABI produces
guide on home insurance and
answers to common questions
Countdown to London Olympics
For information on the potential insurance issues around the Olympics see
ABI’s Question and Answer guide.
ABI publishes guide on organising street parties and other events.
With over 3,500 applications made so far to local authorities for street parties to celebrate the Queens’s Diamond Jubilee, this year looks set to be a bumper year for celebrations.
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Shareholder voting rights
Responding to the BIS consultation on enhanced shareholder voting rights, Director General,
Otto Thoresen, ABI, said: