ABI

Cybercrime insurance payouts surge by 230%

The Association of British Insurers has revealed it paid out £197m to businesses affected by cybercrime in 2024. This is £138m more than in 2023 and represents a 230% year-on-year […]

Salvage Code of Practice updated by ABI

The ABI has updated its Salvage Code of Practice to bring the guidance in line with new vehicle technology such as electric and hybrid vehicles. The Salvage Code of Practice is […]

UK government launches motor insurance taskforce

The government has established a new taskforce to address rising motor insurance premiums and deliver fairer outcomes for drivers. Transport Secretary, Louise Haigh, and Economic Secretary to the Treasury, Tulip […]

UK insurance price hikes outstrip Europe

Car insurance in the UK has risen far sharper since 2015 than in any other comparable European country. According to analysis commissioned by the SNP, average premiums in the UK […]