News articles
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Drivers get the green light for hassle free post Brexit driving in the EU
17/05/2018
UK drivers and hauliers will not have to apply or pay for ‘Green Card’ documentation from insurers when they travel in an EU member state after Brexit, the Department for Transport has confirmed in a letter to the ABI.
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Cost of car insurance now gobbles up 10% of a young driver's average salary
06/02/2018
Further evidence of the need to tackle rising motor insurance premiums - the cost of car insurance now gobbles up 10% of a young driver’s average salary 10% of a young driver’s average annual…
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Insurers to pay out estimated £20 million to motor customers after Liverpool car park fire
03/01/2018
The Liverpool car park fire is likely to result in claims worth £20 million being paid out to motor insurance customers, the Association of British Insurers (ABI) estimated today. Payments have…
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When can a car be described as "automated"? Insurers set out 10 key features
06/11/2017
Insurers are today setting out 10 criteria for what drivers should expect from vehicles described as “automated”. The industry wants to see motor manufacturers being absolutely clear about what their…
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Automated and Electric Vehicles Bill is the way ahead says the ABI
18/10/2017
Commenting on the publication of the Automated and Electric Vehicles Bill today, Ben Howarth, Senior Adviser for Motor and Liability at the Association of British Insurers, said: “Insurers are…
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Vehicle repair bill hits a record £1 billion in the second quarter of the year
15/09/2017
Motor insurers paid out a total of £2 billion in claims in the second quarter of 2017, fuelled by rising repair bills and higher theft costs according to ABI data published today. In the second…
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ABI welcomes Discount Rate Announcement
07/09/2017
Responding to the announcement by the Lord Chancellor on personal injury compensation reform Huw Evans, Director General of the ABI said: “This is a welcome reform proposal to deliver a personal…
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Prospect of owners of off-road vehicles needing insurance is unnecessary, unworkable and unfair says the insurance industry
24/08/2017
Owners of vehicles like golf buggies and motorised lawnmowers could be forced to take out third party insurance following a ruling by the European Court of Justice. Owners of vehicles used on…
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Motor premiums rising at fastest rate ever
18/07/2017
11% year on year increase as Discount Rate and Insurance Premium Tax take effect Average motor premiums have gone up by £48 compared with this time last year, hitting a new record high of £484…
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Premiums for young and old drivers at record levels while clock ticks on Discount Rate bombshell
08/07/2017
Drivers in nearly all age groups are paying record amounts for their car insurance and could face further increases unless the Government takes action to reduce claims costs, the ABI warned…