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...However, the government came under fire from the IMF again this week....
...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...Graeme Trudgill, chief executive at the British Insurance Brokers’ Association, a trade body, said it had been working closely with the government and its members on the pledge....
...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...“The [private medical insurance] sector is beginning to look like the less well-off cousin,” she added. Any collective action carries a risk that doctors will fall foul of competition authorities....
..., according to data published on Monday by the Association of British Insurers....
...Charlotte Clark, director of regulation at the Association of British Insurers, said part of the reason that the rise in prices looked “so significant is because it is coming off the back of the pandemic...
...The only sure-fire way to keep a lid on insurance costs in risky areas is for governments to put more effort into climate mitigation strategies and support for retrofitting, including for flooding, subsidence...
...Residents in the two housing estates abutting the Goods Yard site have voted both for and against redevelopment, in a ballot held by the site’s owner, One Housing, a housing association....
...England’s town halls are being “forced to the pawnshop” in an unsustainable fire sale of assets aimed at temporarily staving off bankruptcy, councils and experts have warned....
...Payouts for private claims hit a record of almost £3bn in 2022, the latest year for which there is complete data, the Association of British Insurers said....
...Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...The Association of British Insurers’ Investment Delivery Forum, set up to facilitate the promised investments, on Monday said new public-private partnerships that use taxpayer funds would reduce risks....
...The need to spend on fire safety works, fix mould problems and make environmental upgrades in their existing portfolios has added to the demands on their budgets....
...By contrast, the average annual policy cost £561 in the third quarter of 2023, a yearly rise of 29 per cent, according to the most recent edition of the Association of British Insurers’ own index, which...
...The combined force of Babet, Ciaran and Debi created £352mn in claims for damaged homes, according to the Association of British Insurers, which said it was too early to gauge the scale of damage from the...
...A tracker provided by the Association of British Insurers, a trade body, said the average annual home insurance policy — covering building and contents — in the second quarter was £329, up 10 per cent on...
...Average UK motor premiums are now at record highs, according to the Association of British Insurers. At Admiral they rose 21 per cent year over year in the first six months of 2023....
...The area of land affected so far is exceeded only by the 1825 Miramichi fire, which burnt 3mn acres in eastern Canada and the state of Maine, according to a list compiled by the Western Fire Chiefs Association...
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...limits of the identified policies were in excess of any other insurers underwriting trade credit insurance in the Australian market”....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Hankey may be playing with fire again....
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