Regulation News
Soaring prices prompts Irish public liability market study
High claims awards are thought to be behind a 204% hike in premiums since 2014 and carriers exiting from the line
Insurance broker declared in default
Broker declared in default by the FSCS during July
Steep rise seen in insurance admin fees as FCA clampdown looms
Cancellation and adjustment fees rose well above the rate of inflation, according to aggregator
ABI calls for cyber breach data to be publicly available as claims payout rates hit 99%
The request follows recent high-profile cases like the Marriott hotel and British Airways (BA) data breach
Fraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
Ogden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
FCA issues double warning of unauthorised insurance firms operating through Instagram
Unauthorised firms by the name of Cheap Insurance Broker and B1 Insurance were both being run through Instagram
Allianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
HMRC collects record £6.2bn from IPT
Direct Line reveals Ogden hit as profits fall 10.2%
DAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
Victims of London Bridge attack bring claim against van insurer
Litmus unveils insurer ratings ‘how to’ guide amid boom in applications
MGA transferred LAMP customers to unrated Gibraltar insurer over rated alternative
Contractors unable to get cover as construction insurance crisis spreads
LAMP home policies transferred to Gibraltar insurer
‘The inconsistency is breathtaking’ - claimant association slams ABI tracker
“On the cusp of a disaster” – More building inspectors cease trading after failing to renew insurance policies
Pensions PI insurance crisis deepens as insurer stops accepting new clients
Ex-CEO Asplin ordered to pay £5.3m for DAS fraud
Insurer boost as governmment gives £2.9m for flood protection projects
Firms failing vulnerable customers face FCA action
FSCS agrees deal for Alpha’s replacement cover
ABI slams government’s ‘wholly disingenuous’ Ogden Impact Assessment
What counts as unfair pricing? FCA reveals all
Regulation Analysis
‘Hands-free phone use as socially unacceptable as drink driving’ - could proposed ban cut claims?
A report highlighting a rise in death toll and casualties could be evidence to support an extension of the ban on using mobile phones while driving, but what does industry think?
Analysis: Where the squeeze is being felt from HMRC’s record IPT income
Insurance Times takes a deeper look at the impact of IPT following HMRC announcing a record income from the tax
Pensions PI cover: Will FCA crackdown reignite insurer interest in difficult line?
Insurers have been pulling coverage in pensions PI for a number of years, but will the FCA’s recent intervention change things?
The construction cover crisis: what we know so far and what next?
The construction market is caught up in a dilemma over Approved Inspectors who oversee projects now finding it increasingly difficult to actually get the insurance they need to operate, Insurance Times investigates
