Regulation – Page 101
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News
GDPR consultation period closes today
The GDPR consultation period will close today, with insurers at “various levels of preparedness”
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Unrated insurers - the controversy rages
Are unrated insurers dangerous to do business with? The FCA is still considering whether to charge an additional levy on brokers that use unrated insurers. But others argue that being unrated is not a sign of unreliability.
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Senior Managers Regime – What it means
Senior Managers Regime will redefine executive responsibililty and will reach much further down the corporate hierarchy
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50,000 sign petition on mental health discrimination after Bupa refuses travel cover
A petition rallying against mental health discrimination in travel insurance has gone viral and reached 50,000 signatures after Bupa refused a customer travel cover over bipolar disorder.
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AIG heads for $150m compliance saving
AIG heads for $150m compliance saving after US government lifts “too big to fail” status
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Broker offers cover for costly FCA investigations
Cover for costly FCA investigations is on offer from Allegiance Insure
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Comparethemarket welcomes CMA insurer contracts probe
Comparethemarket revealed as price comparison site at centre of CMA probe
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Regulator fines firm for 146 million illegal PPI calls
ICO penalises firm for illegal PPI calls
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Insurers could face £100m extra GDPR costs
Insurers who don’t prepare for the new legislation could face £100m extra GDPR costs
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Ogden rate to be reviewed regularly under new law
Government reveals big change to how Ogden rate will be set in future
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Positive Ogden rate proposed in new draft law
Lord Chancellor to lay new Ogden rate legislation before Parliament later today
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Fixed costs proposed for hearing loss cases
The Civil Justice Council has published its recommendations for fixed costs for hearing loss cases
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Industry unites to fight ‘absurd’ effects of ECJ motor ruling
UK insurance industry responds to consultation on ECJ motor ruling
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Insurance Act one year on: Analysis
Premium content: The Insurance Act is a year old, and debate about fair presentation of risk and loss mitigation still rages
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Deloitte partner fined over legacy ERS reserving debacle
Case over legacy ERS reserving debacle continues as Deloitte partner fined
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Gibraltar regulator signs info sharing deal with FSCS
Memorandum of understanding between Gibraltar regulator and FSCS will allow bodies to prepare for company failures
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PRA proposes big change to general insurance fees
Regulator’s planned changes could have a ‘substantial’ effect on general insurance fees in some cases