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The Latest Breaking News from ABI

Record £11.7bn paid in motor claims in 2024 says Association of British Insurers

The average cost of motor cover across 2024 was £622 – 15%, or £78, higher than 2023.

Evening Standard

UK insurers paid out record £585m last year as climate breakdown intensifies

Insurers blame ‘significant and consistent bad weather’ after year of 12 named storms

The Guardian - UK

Storms and flooding took record toll on insurance claims in 2024 – ABI

The Association of British Insurers said it has ‘long stressed’ the need for further investment in flood defence and maintenance.

Evening Standard

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Arm PC market share won't rise above 13% in 2025 says ABI Research

Arm-based PCs won't enjoy a lot of momentum in 2025, according to a recently published report by ABI Research.

Tom’s Hardware

Thousands more people ‘priced out of car insurance market over past year’

Citizens Advice said bold action must be taken, including targeted support for those struggling most.

The Independent UK

Record £4.1bn paid out in property claims this year so far – ABI

Flood prevention and resilience must be considered in all planning decisions and building standards, the Association of British Insurers said.

The Independent UK

Average cost of motor cover £50 higher than a year earlier

While insurance prices are higher on an annual basis, the average cost of cover has fallen when compared with the previous quarter.

Evening Standard

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Home Office launches new charter in ‘crackdown’ on insurance fraud

It comes as fraudulent insurance claims detected by the Association of British Insurers (ABI) topped £1.1 billion in 2023.

Evening Standard

£1.1bn-worth of bogus insurance claims detected last year

More than half of detected bogus claims last year involved motor insurance, the Association of British Insurers said.

The Independent UK

Why car insurance is getting so expensive across the UK

THE average cost of car insurance has risen sharply over the past two years as industry experts highlighting inflation and elevated interest rates…

The National (Scotland)

Record 4.4m people took out pet insurance last year, figures show

Around 1.7 million more people have pet insurance than a decade ago, the Association of British Insurers said.

The Independent UK

Record £1.4bn in property insurance claims paid out in the second quarter – ABI

Subsidence payments for home insurance claims increased in the second quarter of the year, hitting a record £60 million, the ABI said.

The Independent UK

England riots: what help is available for affected homeowners and businesses?

Insurers say they will respond as quickly as possible, while official compensation could be another option

The Guardian - UK

Before and after: Kahibah cottage set for auction after coastal transformation

The property will be auctioned on June 26.

Newcastle Herald

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The Guardian - UK

Business manifestos: six pre-election proposals touted by UK industry

The business groups’ big ideas, from payroll savings schemes to making big tech compensate for fraud on its platforms

Barchart

3 Highest Yielding Dividend Kings With Immediate Buy Signals

Discover 3 three highest yielding dividend kings with buy signals today.

The Guardian - UK

Car insurance firms agree to crack down on ‘poverty premium’

UK insurers say they will aim to stop monthly payments falling hardest on those who can least afford it

The Guardian - UK

Flood and frozen pipe damage caused by series of storms, says Association of British Insurers

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Evening Standard

Record £9.9bn paid out in motor insurance claims last year, says ABI

Payouts for repairs, thefts and replacement vehicles increased, the Association of British Insurers said.

The Guardian - UK

UK car insurance cost up by third but just 2% in France

Disparity, along with lower increases for car cover in rest of Europe raises questions about motor insurance in Britain

The Guardian - UK

Is the car insurance industry driving up prices to take us for a ride?

Premiums have soared but data appears to show numbers don’t add up

The Guardian - UK

‘They quoted £7,000-£8,000’: young drivers face huge car insurance rises

Motorists between ages of 17 and 20 are being quoted thousands but there are ways to cut costs

The Independent UK

Motorists warned to watch out for thieves targeting vehicles left to defrost

Motor insurance policies may exclude theft where keys are left in the ignition, the Association of British Insurers said.

The Guardian - UK

As extreme weather increases, watertight insurance is a must

With storms and floods becoming more frequent, the cost of policies is soaring. But homeowners could face repair bills in the thousands without it

The Independent UK

People affected by Storm Gerrit urged to contact insurers for help and advice

The priority for insurers will be to help affected homeowners, businesses and drivers recover as soon as possible, an ABI spokesman said.

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