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All news on the topic: Association of British Insurers

1238
Home insurance prices soar with average increase of more than 40% in year
Premiums are being quoted between £150 and £199, according to Consumer Intelligence, a firm which tracks prices of home insurance
1037
Labour promises to crack down on 'unfair' car insurers as quoted prices leap 56%
Louise Haigh, the Shadow Transport Secretary, said the Financial Conduct Authority and the Competition and Markets Authority needed to probe the car insurance sector
1421
Aviva sees general insurance premiums jump higher as cost of cover rises
The insurance sector has been increasing the cost of cover in response to the soaring cost of repairs and labour
1140
Home insurance premiums rise by 19% and it's down to severe weather, says ABI
The average home insurance premium paid rose to £375 in the first quarter of 2024, the Association of British Insurers said
500
Car insurance shake-up confirmed and it could save you money if you pay monthly
Insurers have agreed to clearly show the difference between paying annually and paying monthly, as well as taking into account that many drivers can’t afford to pay for their insurance in one go
499
Record £573m paid out in weather-related home insurance claims in 2023
The rise in insurance claims was largely fuelled by a series of storms, including Babet, Ciaran and Debi
1126
Record £9.9bn motor insurance claims paid out last year, says industry body ABI
The cost of vehicle repairs skyrocketed to £6.1billion, a 31% jump from 2022
719
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
1271
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
973
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
726
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
1153
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
1425
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
910
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.
909
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
1388
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
1088
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?
530
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