The incident appears to have been related to an electrical power failure on the vessel...
Motor premiums stabilise but cost to insurers mount
Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of rises seen in 2023. 1 However, insurers continue to absorb growing costs, with the average claim paid...
Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of rises seen in 2023. 1 However, insurers continue to absorb growing costs, with the average claim paid...
Article / 9 days ago
Weather damage insurance claims worst on record
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
Property insurers paid out the equivalent of £13 million every day last year to help homeowners and businesses cope with unexpected and unwanted events like flooding and theft, according to figures...
PR / 24 days ago
Motor insurers pay out record amounts to help keep motorists mobile
Average of £1.13 million paid out every hour in motor claims last year....
Average of £1.13 million paid out every hour in motor claims last year....
PR / 1 month ago
Weathering the Storm
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
PR / 5 months ago
Keeping motorists mobile - motor insurers payouts up 14% over the last year
Motor insurers paid out £2.4 billion in motor claims in the first quarter of this year, up 14% on the same quarter last year according to our latest data. This was the highest...
Motor insurers paid out £2.4 billion in motor claims in the first quarter of this year, up 14% on the same quarter last year according to our latest data. This was the highest...
PR / 11 months ago
Above inflation costs for insurers continue to put pressure on motor insurance premiums
Average price paid for motor insurance up by 2% in the first quarter of this year to £478, as insurers facing above inflation cost increases....
Average price paid for motor insurance up by 2% in the first quarter of this year to £478, as insurers facing above inflation cost increases....
PR / 12 months ago
Sinking UK – last summer’s record-breaking heatwave leads to surge in insurance payouts for subsidence
Last summer’s record-breaking heatwave led to a surge in subsidence claim payouts, according to figures out today from the ABI...
Last summer’s record-breaking heatwave led to a surge in subsidence claim payouts, according to figures out today from the ABI...
Article / 1 year ago
Climate change demands that insurance changes
To mark the 2022 Climate Change summit and the publication of an updated ABI Climate Change Roadmap, Director General, Hannah Gurga and Andy Briggs...
To mark the 2022 Climate Change summit and the publication of an updated ABI Climate Change Roadmap, Director General, Hannah Gurga and Andy Briggs...
Article / 2 years ago
Insurers expect to pay out nearly £500 million to support customers hit by damage from Storms Dudley, Eunice and Franklin
Flood defence investment remains vital as level of insurance payouts following the recent storms revealed...
Flood defence investment remains vital as level of insurance payouts following the recent storms revealed...
Article / 2 years ago
Downhill drive continues with the average cost of motor insurance down 7% over the last year
The average price motorists are paying for their motor insurance continues to fall according to the ABI’s latest Motor Insurance Premium Tracker...
The average price motorists are paying for their motor insurance continues to fall according to the ABI’s latest Motor Insurance Premium Tracker...
Article / 3 years ago
