Latest News – Page 2039
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News
Change to legal status of broker and insurer
The Law Commission has proposed a radical change in the contractual relationship between insurers and brokers. In its third issues paper, part of a wider review of insurance contract law, the commission has proposed a rewrite of agency law.As a result, where a broker acts negligently in obtaining pre-contract information, ...
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News
Only 40 seek claims authorization
Only 40 brokers have applied for authorisation under the new claims management company regulations due to come into force next month, Insurance Times has learned. Under the rules, brokers that procure 25 or more claims each quarter will have to comply with Department for Constitutional Affairs (DCA) standards from 23 ...
