News Tag: Association of British Insurers
March 11, 2010
The Association of British Insurers (ABI) today reported the heavy snowfall earlier in the year cost insurers £650 million in weather-related claims.
Between December 18 and January 13, when snow and plummeting temperatures swept the country, there were around 335,000 claims, said the ABI.
The majority of the claims came from motorists as a result of the treacherous conditions on Britain’s roads. January ...
Treacherous weather conditions cost insurers £650m
by Kay Murchie
April 16, 2009
According to the Association of British Insurers (ABI), the recession has sparked an increase in the number of fraudulent insurance claims.
The ABI found that around 107,000 claims totalling £730 million were false last year - this value was up 30% on 2007, with the figure rising since 2004.
Figures show that the most common fraudulent claims were home insurance ...
Fraudulent insurance claims on the rise due to recession
by Kay Murchie
July 11, 2008
A deal has been reached between the Government and the Association of British Insurers (ABI) to ensure that homes will continue to receive flood cover.
Last month, the ABI warned the Government to take action against floods as its members will stop insuring people in high risk areas.
The ABI has been urging the Government to pump more funds into ...
Agreement reached to ensure homes will get flood cover
by Kay Murchie
