All news on the topic: Association of British Insurers

1173
Initiative launched to improve insurance cover for fire safety risk buildings
The Fire Safety Reinsurance Facility aims to help increase insurance market competition to cover properties affected by combustible cladding and other fire safety problems
455
Average quoted price of home insurance premiums increased by 40.6% in January
This is the biggest yearly rise since Consumer Intelligence began keeping records in 2014
490
Pension funds to be forced to disclose levels of investment in UK businesses
The Government said the reforms will help employers and savers to compare schemes and make informed choices
943
'Budget' car insurance policies may not cover common claims, warns Which?
The average price paid for motor insurance in the final quarter of 2023 was around a third, or £157 in cash terms, higher compared with a year earlier, according to figures from the Association of British Insurers
812
Association of British Insurers calls for 'hidden in plain sight' tax cut
The tax is likely to hit the poorest the hardest as they spend proportionately more on insurance such as home and motor cover, said the Association of British Insurers
392
Homes hit with 'hidden' tax costs public and businesses £8billion a year
More than 3 in 10 have no idea what Insurance Premium Tax (IPT) is, study finds
739
Average car insurance increased to £627 - costing drivers £157 extra a year
The Association of British Insurers has announced plans to tackle the rising cost of car insurance after new figures show the average price for car insurance in the last three months of 2023 was about a third higher than the same time the previous year
589
Record £5.2 billion annuity sales due to higher interest rates, says ABI
Sales of retirement annuities reached a post-pension freedoms high last year, according to the Association of British Insurers
1173
19% annual jump in average price paid for buildings and contents cover
The average price paid for cover was £364, up from £305 in the same quarter a year earlier
417
Calls for flood defence cash and insurance tax cuts to ease cost of living
The British Insurance Brokers' Association (Biba) said the measures it is calling for could "make a difference" to people as they struggle with the cost of living
915
Average car insurance premium is driven up by £157 in a year, says industry body
The ABI pointed to surging costs for insurers, such as longer repair times, higher repair costs, and the rising price of replacement vehicles
371
Warning drivers being charged £300 more for spreading out cost of car insurance
The average annual cost of monthly payments was £892, while the cost of paying annually in one go was £583.
958
Fraudsters could use these tricks to turn your big holiday into a nightmare
Fraud experts are warning that some 'special travel offers' may turn out to be cons from crooks trying to relieve you of your hard-earned money
605
Car insurance premiums rise by two-thirds in a year to record high
The average quoted price of motor insurance jumped by 67.2% in the year to November 2023, according to an index
771
Insurers urge households and businesses to contact them for help and advice
Insurers' first priority when helping customers affected by Storm Babet will be to make sure they recover as quickly as possible, according to the Association of British Insurers
987
Mum-of-four had to pay £30,000 to save husky after horror dog attack on beach
Marie has launched a petition asking for dog-on-dog attacks to be made a specific offence after her husky was mauled on the beach by dangerous dogs
776
Exact time to renew your car insurance as premiums hit highest level since 2012
The average premium paid for private comprehensive car insurance in the second quarter of 2023 was £511, according to new research from the Association of British Insurers
609
What rights holidaymakers have as thousands told to flee Rhodes wildfires
UK holidaymakers are being told to flee to safe areas as the raging wildfires on the Greek island of Rhodes continue to spread, but what rights do holidaymakers have?
881
Black motorists 'are charged up to £300 more than their white counterparts'
They are the worst affected of minority ethnic groups, who pay an average of £250 more overall, with people of colour said to have spent £180m more than white people on car premiums last year
1056
Maps show areas of UK most at risk of flood damage after experts' grim warning
Researchers have revealed that annual damage caused by flooding could increase by more than a fifth over the next century and can only be avoided if countries stick to their Net Zero promises