News articles
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Costa fortune – Every three minutes a UK traveller now needs emergency medical treatment abroad, as the medical treatment bill hits an eight-year high
19/08/2019
A claim for heart problems in the US cost £241,000; £200,000 to treat a brain haemorrhage in China; £153,000 to treat a fractured arm in San Francisco…
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"Mobile phone use while driving should be as socially unacceptable as drink driving" - ABI response to Transport Select Committee
13/08/2019
Responding to a report from the Commons Transport Select Committee, calling for tougher actions to tackle driving while using a mobile phone, Laurenz Gerger, Motor Policy Adviser at the…
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Cyber insurance payout rates at 99%, but uptake still far too low
08/08/2019
Up to 89% of businesses potentially unprotected against attacks The Association of British Insurers has, for the first time, revealed that 99% of claims made (207) on ABI-member cyber insurance…
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Wider review of pension tax allowances needed "to fix and simplify for all"
07/08/2019
Commenting on news of a consultation on the taxation of public sector pensions, Head of Taxation at the ABI, Mervyn Skeet, said any review should go much further: “Steps to address pension…
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Plus ça change…
06/08/2019
Developments in tax and regulation in the context of the ever-changing external environment, can bring on a desire to lie down in a darkened room in even hardened practitioners, but…
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“Confusing patchwork of rules” behind pension charge issues
05/08/2019
Responding to a report out today from the Work and Pensions Select Committee, Rob Yuille, Head of Long-Term Savings Policy at the Association of British Insurers, said: “Of course consumers…
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Flash flooding: Insurers swing into action to help those affected
01/08/2019
With a spate of flash flooding affecting parts of the UK including Cheshire and Greater Manchester, insurers are working to support affected customers deal with the clean up and repairs. Laura…
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ABI releases new Criminal Convictions Guide
31/07/2019
ABI issues revised guidelines to help insurers deal with criminal convictions The Association of British Insurers (ABI) has issued updated guidance to help insurers treat people with criminal…
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ABI responds to FCA proposals on defined benefit pensions
30/07/2019
Responding to the FCA announcement today of measures to protect consumers transferring out of defined benefit pension schemes, Rob Yuille Assistant Director, ABI’s Head of Long-Term…
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Fall in the cost of motor insurance stalls, as the ABI warns of a bumpy road ahead for motorists.
29/07/2019
Record repair costs adding pressure to premiums. Government changes to personal injury calculations set to add to motor insurance costs going forward. The average price paid for motor insurance in…