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Motor insurance industry called to explain 40% premium rises

The Office of Fair Trading (OFT) has called for the motor insurance industry to produce evidence explaining premium rises. Motor insurance premiums have increased by around 40% in the 12 months prior to 31 March 2011 and the OFT hope [...]

Insurers could face vicious circle

Motor insurers have been warned that they could find themselves in a Catch 22 situation if rapidly rising insurance premiums are not tamed. In a poll carried out by What Car? magazine, 84% of motorists say their car insurance has [...]

Survey highlights ignorance of coasting dangers

As motorists employ every trick available to conserve fuel, over a quarter of drivers are underestimating the dangers of coasting, a new survey has revealed. High street insurer Swinton quizzed 1,200 motorists and found that 27% of them admitted to [...]

ABI: Motor insurance to cover Toyota owners

"The ABI confirms that motor insurance policies will continue to cover Toyota owners affected by the recall of certain models. Any claims will be dealt with in the normal way, in accordance with the terms and conditions of the policy. [...]

Scrape your windscreen, don’t lose your car to winter thieves says ABI

The ABI is warning motorists not to leave their vehicles unattended, with the engine running to defrost and warm up, during the current freezing weather. Thieves are increasing targeting cars left unattended in this way. Parts of the country have [...]

ABI appoints Peter Jolly as Assistant Director, Consumers and Distribution Reform

The ABI has appointed Peter Jolly as Assistant Director, Consumers and Distribution Reform. Peter joins the ABI from Standard Life, where he was Head of Distribution Policy, and takes over from Alex Roy, who has left to take up a [...]

Insurance industry has improved customer outcomes, but has further to go

Speaking at the Insurance Times Forum, Challenges for 2010 and Beyond, Stephen Haddrill, the ABI’s Director General, said: “We have come a long way in improving customer outcomes. We have been competitive and innovative to the customers’ great advantage. But [...]

Financial services industry and FSA agree a package to help MPPI customers

The Association of British Insurers (ABI), the British Bankers Association, the Building Societies Association and the Council of Mortgage Lenders have reached an agreement with the Financial Services Authority (FSA) that sets out a framework for dealing with recent and [...]

Quicker compensation for people injured in motor accidents

Around 400,000 people injured in road accidents could benefit from much speedier compensation under a more streamlined compensation system, announced today by the Ministry of Justice. The new arrangements follow an ABI campaign for a simpler, quicker and more cost-effective [...]

Government Must Act On Introduction Of A Car Scrappage Scheme

The AA has urged the Government to make a decision to introduce a car scrappage scheme. Either way a decision is needed as the automotive industry in the UK hangs by a thread. The organisation has called on the Treasury [...]

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