Regulation – Page 133
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CMA probe: watchdog defensive of lack of action on credit hire
Probe leader Alasdair Smith said the Competition and Markets Authority was left with no alternative option for tackling inflated credit hire costs
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CMA probe briefing: a 288 page report but not a lot of action
The Competition and Markets Authority private motor insurance probe was meant to solve the problem of credit hire and drive down costs. But with no remedies put forward for tackling inflated claims costs, has the investigation been a costly missed opportunity?
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CMA probe: lack of action means claims costs could increase
Insurers warn that the Competition and Markets Authority’s failure to deal with inflated credit hire and repair costs could lead to an escalation in the price of a claim
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CMA probe: Lloyd’s market considering appeal
The Lloyd’s Market Association has been critical of the probe into the private motor insurance market
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CMA probe: credit hire firms looking to invest after years of uncertainty
Credit hire industry welcomes the findings of the Competition and Markets Authority and urges insurers not to launch an appeal
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CMA probe: Biba welcomes aggregator pricing agreement ban
But the trade body said the ban should have included wide most favoured nation clauses
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CMA probe: insurers must improve how add-ons are sold
No claims bonus protection comes in for special criticism from the watchdog
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CMA probe: industry reaction
Insurance Times brings you a round up of industry responses to the Competition and Markets Authority final report from its probe into the private motor insurance market
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CMA probe: insurers slam watchdog on lack of action
The ABI has criticised the CMA for not taking any action on credit hire costs
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FCA cancels east London broker's permission
The regulator said EPLS Risk Solutions failed to submit its February RMAR despite repeated demands
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CMA probe: watchdog 'unable' to take action on £84m cost of credit hire
The Competition and Markets Authority will not be introducing proposed credit hire rate cap
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CMA probe: aggregator pricing agreements banned
But no action is taken on inflated credit hire costs
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Senior Labour ministers 'strongly in favour' of Flood Re
At a round table meeting shadow Defra MPs pledged support for wider water management and flood prevention
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Agenda
Special Report: Manufacturing
With the upturn in the UK economy, manufacturing is showing signs of booming again. In this special report we look at opportunites for insurers and brokers, and uncover some of the mistakes that manufacturers make when it comes to insurance cover
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Agenda
Moorhouse probe has brokers fearing FCA call
Broker Moorhouse faces possible fine after regulator examines sales processes. Smaller brokers are asking themselves if they might now start to come under the FCA’s gaze
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ECJ ruling on VAT could cost UK insurers ‘hundreds of millions’
Services supplied between a group’s headquarters and branches could now be taxed
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ABI updates guidelines on private investigators
Guidance now applies to PIs appointed on behalf of insurers as well as those appointed directly
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Briefing: what can we expect from the CMA motor probe?
The eagerly anticipated final report from the CMA’s private motor insurance investigation is set to be published in the next couple weeks, but with so much still shrouded in doubt, Insurance Times takes a look at what the industry could face when the remedies are finally published
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Government consulting on second round of whiplash reforms
Proposals under consultation include a central IT hub for allocating independent medical experts and a data sharing initiative for claimant lawyers and insurers
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Gibraltar to accept insurance linked securities
The Gibraltarian government has published guidelines that allow for ILS to be traded from the country