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Support Rallies For ABI Calling To End Compensation Culture

Leading retailers and business groups have joined support for the ABI’s call for an end to the ‘have a go’ compensation culture.

The British Insurance Brokers’ Association (BIBA) and the Institute of Insurance Brokers (IIB) have jointly called for regulation to be simplified and reformed.

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Ageas Insurance has partnered with risk management specialists, Cardinus, to deliver an online risk management solution for its Commercial policyholders and brokers.

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Vauxhall and Ageas are to create new insurance partnership which will offer fully branded motor insurance products to all Vauxhall’s customers.

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In a welcome move the European Parliament adopted the new Consumer Rights Directive which will ban the use of pre-ticked boxes on websites for selling insurance

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Aviva has announced that it is to sell the RAC for £1 billion.

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BIBA presented its Financial Services Compensation Scheme (FSCS) petition of nearly 7000 member signatures to Jonathan Evans MP at the House of Commons.

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Companies which operate an insurance price comparison website have received a letter from the FSA to ensure they are aware of their regulatory requirements.

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The insurer of Michael Jackson’s cancelled comeback concerts has refused to pay out on the policy because it was not informed of the state of Jacko’s health.

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The Lloyd’s of London insurer, Novae, has confirmed it is in merger talks with Omega Insurance Holdings.

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