Regulation – Page 133
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NewsFlood Re’s go-live date still in flux
‘Significant’ testing will be required once the scheme is set up this summer, says chief executive Brendan McCafferty
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NewsBrokers and insurers welcome Insurance Bill’s passage into law
Biba praises re-introduction of clause 11 into final version of new act
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Online onlyProtected no claims bonus changes will push up motor premiums - CMA
The Competition and Markets Authority accepts costs and premiums will increase, but says the ultimate benefit felt by the consumer will be greater
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Online onlyDriverless cars won’t need traditional insurance
Motor manufacturers may be able to self-insure vehicles without the need for traditional insurance
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NewsBrokers face 'significant' charge over FCA ban on premium rate numbers
A firm with a 75-seat call centre could pay £90,000 a year for switching to a cheaper line
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NewsFlood Re 'needlessly expensive' say advisers
The Committee on Climate Change says there is a strong case to drop the £180 levy
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NewsTowergate faces £85m compensation bill for mis-selling financial products
Broker could recover £12m of the compensation payments from insurers
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Online onlyCMA under fire for no claims bonus changes
Insurers and brokers have criticised the Competition and Markets Authority at a hearing consulting on the implementation of the new rules
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NewsInsurers and lawyers invited to register for government whiplash portal
MedCo will be fully operational on 6 April
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NewsFCA to consider changes to PPI complaints handling rules
Regulator gathering evidence on whether current complaints process is working
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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
