News articles
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Unpaid UK – bad debt claims soar to a 10-year high
14/06/2019
The number of insurance claims made so far this by UK businesses facing bad debts has reached its highest level in ten years according to latest figures out today from the Association of British Insurers (ABI). In the first quarter of the year 57 firms every day were helped by trade credit insurers.
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Climate change demands a sustained and ambitious response ABI reaction to todays announcement
12/06/2019
Today’s target is a welcome effort to address the underlying causes of climate change. Insurers are on the front-line dealing with the results of rising temperatures and changing investment needs and so understand better than most the serious implications of a changing climate.
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Inland flood defences save the UK £1.1 billion a year
12/06/2019
£1.1 billion a year of flood damage is being prevented by the UK’s current network of river barriers and defences, according to landmark research...
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3,000 Brits require emergency treatment abroad EVERY WEEK, as average medical claim surpasses £1,300
07/06/2019
The Association of British Insurers (ABI) today reveals that the average medical claim on travel insurance surpassed £1,300 for the first time ever in 2018 – reaching £1,368. Claims can easily reach…
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ABI responds as IFS warns of social care ‘catastrophic risk’
06/06/2019
Responding to Paul Johnson of the IFS’ lecture on the social care crisis, marking the centenary of the Government Actuary’s Department, Yvonne Braun, Director of Long-Term Savings Policy at the…
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Tens of thousands entering retirement without ever taking advice each year, ABI warns
03/06/2019
Analysis reveals one-third accessing pension cash without ever taking advice Average pot reaches new high of £120,000 New analysis from the Association of British Insurers (ABI) today reveals…
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Gone in 20 seconds, payouts every 8 minutes – car crime continues to rise in 2019
28/05/2019
Motor theft payouts up over 20% in the first quarter. Figures out today from the Association of British Insurers (ABI) show that the number of motor theft claims paid by insurers in the first quarter…
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Do penalty points affect my car insurance?
24/05/2019
Insurance Questions Answered: How much do penalty points add to the cost of motor insurance? It is very likely that having points on your licence for speeding or other driving offences will…
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Speech: ABI steps up call for access to ICO cyber breach data
13/05/2019
James Dalton, Director of General Insurance Policy at the ABI, today addressed a room of government officials, peers and industry alongside Baroness Neville-Jones, former Chairman of the Joint…
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No defence for no travel insurance as clean sweep for English teams in European football finals
10/05/2019
Travelling football fans spurred on to arrange travel insurance so that they do not feel blue and end up in the red if disaster strikes. With tens of thousands of Spurs, Liverpool, Arsenal and…