Protection

The decision of the Association of British Insurers to drop its earlier opposition to the Law Commission's proposals to reform insurance contract law for personal lines business is good news.

Law Commission proposals on non-disclosure would tighten rules over when an adviser is representing a customer and when they are acting for the insurer.

Legal & General and Everyday Financial Solutions have agreed a sole-tied protection partnership.

The ABI has finalised its guidance on changes to total premium disclosure.

Legal & General (L&G) has increased the maximum benefit on its Group Income Protection scheme from £300,000 to £350,000 for all new and switching schemes.

Nearly one in four employers has reduced their benefit costs by introducing a flexible benefits scheme, according to a survey of UK employers conducted by Mercer.

Tension between the Association of British Insurers (ABI) and the Law Commission over non-disclosure rules is mounting following a television programme focusing on declined claims.

Legal & General has rolled out its online new business system to its mortgage network, Legal & General Partnerships Services Limited (LGPSL).

The protection industry will once again come under the spotlight tonight in an ITV programme on the dangers to consumers of non-disclosure.

Protection sales figures released by the ABI today show new single premium business crashed nearly 80% on last year while the group market is proving most resurgent in its recessional recovery.