Regulation – Page 128
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Online onlyBanks face mass compensation bill for credit card insurance mis-selling
FCA wants 11 lenders to compensate customers
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NewsEuropean Commission approves Flood Re
UK flood insurance scheme will not unduly distort competition, Commission concludes
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Online onlyMotor claims rise again
The Laspo reforms were heralded as the saviour of the insurance industry, but the latest figures from the Minsitry of Justice portal reveal a different picture
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NewsRegulators urged to boost insurance expertise
IUA chief airs worries over lack of industry knowhow after supervisor’s appointment
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NewsWheatley regrets 'shoot first' comment
FCA chief tells MPs that comment does not reflect watchdog’s approach
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NewsABI motor head James Dalton named as general insurance policy director
Dalton will lead the ABI’s policy directorate with director of long term savings policy Yvonne Braun
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NewsGibraltar unveils plans for new financial regulatory regime
Joint government and FSC plans will merge existing rules and create a new ombusdsman
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Online onlyGeneral insurance complaints down 37% – FOS
But number of cases found in favour of the customer is on the increase
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Online onlyScottish court reforms will cut legal fees for insurers
Sherriff Courts will now be able to hear cases for claims valued up to £100,000
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NewsUK regulators will resist urge to gold-plate Solvency II
Prudential Regulation Authority believes UK is in a good position
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Online onlyHolding top executives to account
Prudential Regulation Authority moots new regime for senior insurance managers
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Online onlyBiba lends support to Ageas's call for young driver telematics tax break
Executive director Graeme Trudgill said the campaign was included in Biba’s 2015 manifesto to “take this issue forward”
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NewsNo FSCS levy for insurance brokers in 2015/16
But compensation scheme detects rise in deafness and mesothelioma claims
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NewsBiba urges FCA to be more proportionate in manifesto launch
Ten point plan aims to cut the cost of regulation and provide more value for money for brokers
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NewsBroker fee for running FSCS to halve
But for insurers they will have to pay 44% more towards the scheme’s running costs
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Online onlyWho’s in the top five FCA fines of 2014?
The regulator’s financial penalties against the general insurance industry more than doubled on 2013. Who had the lion’s share?
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NewsHouse of Lords to debate counter-terrorism bill
Bill includes plans to ban UK insurers from covering the cost of terrorism ransoms
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Online onlyHow the shadow banking crackdown could hit (re)insurers
Reinvestment and credit insurance in the FSB’s spotlight
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