Regulation News

Ireland Irish Dublin Eire flag

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

default

Insurance broker declared in default

Broker declared in default by the FSCS during July

Money

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

cyber illustration

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

GettyImages-980432112

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

Steve Treloar

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

discount rate change

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

Jon dye new nov 2017

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

More Regulation News

Regulation Analysis

mobile phone car

‘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?

Tax

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

changedirections_Changingrisk

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?

JCB

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

More Regulation Analysis