News articles
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Discount Rate in Scotland
30/09/2019
This is a bad outcome for Scottish insurance customers and taxpayers that does not reflect the real world environment of how investment decisions are made...
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ABI responds to personal injury Discount Rate announcement
15/07/2019
New rate bad news for insurance customers and taxpayers Commenting on today’s Government announcement that the Discount Rate used to assess compensation for serious personal injury compensation…
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Discount Rate review begins
19/03/2019
Responding to an announcement today, 19 March, to the London Stock Exchange stating that the Lord Chancellor will announce later the commencement of the first review of the Personal Injury Discount Rate...
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Driving on - motor insurers paying out a record amount to motorists
20/11/2018
Over £23 million paid out every day this year by motor insurers, the highest on record. Cost of theft claims up by a third, with repair costs also rising. But a highly competitive market and…
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Relief for drivers as average motor insurance premiums continue to drop
25/10/2018
Average motor premium drops for third quarter in a row, to £471 Strong progress of Civil Liability Bill possible cause of the fall Lower costs only sustainable if Government leaves Insurance Premium…
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Civil Liability Bill cost benefit amendment - insurers ready to provide evidence
06/09/2018
Commenting on the cost benefit amendments being put forward as part of the Civil Liabililty Bill, Head of Motor and Liability at the Association of British Insurers (ABI), Rob Cummings…
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Public back reform to whiplash compensation
31/08/2018
Majority of the public positive about measures to fix the UK’s broken personal injury compensation system. Overwhelming view that legal costs are too high. Most people back Government plans to…
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Cost of motor insurance falls for second successive quarter
27/07/2018
First year-on-year quarter fall since 2014 but lower insurance costs only sustainable if personal injury reforms implemented in full The average price paid for comprehensive motor insurance in…
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Tougher action on nuisance calls "cannot come soon enough."
30/05/2018
Responding to the news that the directors of nuisance call companies could be directly fined up to £500,000, James Dalton, Director, General Insurance Policy, commented: “Tougher…
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Mixed news as motor premiums fall in last three months but go up compared to same time last year
01/05/2018
Highest ever Q1 premium highlights need to fix broken system to help millions of motorists The average price paid for comprehensive motor insurance fell in the first quarter of 2018, but remained…