Regulation – Page 140
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News
Broker fined £8.4m for mis-selling accident insurance products
Stonebridge targeted low income customers without degrees or qualifications
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FCA plans to publish claims data a bad idea - UK General boss Hubbard
UK General boss disagrees with a key part of the FCA’s plans to shake up the sale of add-ons
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Online onlyIs the add-on market under threat?
With the FCA announcing it intends to force insurers to publish claims ratios for add-on products, Insurance Times looks at what the proposal means for the sector and whether its very existence is under threat
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Riot Damages Act reforms could cut compensation by 90% – ABI
Insurers criticise the reforms and call for cap to be removed from the proposals
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Industry welcomes MoJ reforms to cut whiplash costs
Cap on medical reporting costs will drive down the cost of claims but more is needed to fix the market
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Whiplash assessment fees to be slashed as government plots fraud crackdown
Medical experts will be banned from writing reports and offering treatment from October
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Brokers face buildings insurance commission disclosure as competition watchdog cites 'excessive charges'
Property managers and freeholders incentivised to choose insurer with highest commissions, CMA warns
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Mesothelioma report criticised for being "too cautious"
Defendant law firm says mesothelioma cases do not differ from other disease cases and should be included in the Laspo reforms
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Government must re-consult on mesothelioma costs
Justice Committee criticises the intial consultation for being rushed through
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Online onlyBrokers failing to protect customers from credit card fraud – Callstream
Brokers risk £10,000 fine by PCI Security Standards Council.
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Cap on credit hire charges in doubt
The Competition and Markets Authority does not have the power to cap charges recoverable through court
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Online onlyGibraltar-based Southern Rock directors step down after regulatory probe
Two recent directors, chief executive Arron Banks and Admiral director Alan Kentish, step down
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Online onlySouthern Rock to sue Gibraltar regulator
Chief executive Arron Banks claims the Gibraltarian Financial Services Commission put undue pressure on PwC when commissioning an independent report into reserving issues
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Online onlyChildren's safety at risk from new government insurance plans - Marsh UK boss
Marsh UK chief executive Mark Weil urges education secretary Nicky Morgan to ditch insurance plan
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Online onlyThe Insurance Times guide to Flood Re
What you need to know about the UK’s new affordable flood insurance scheme
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General insurance accounts for 74% of complaints referred to the FOS
Car and motorcycle insurance is the most complained about general insurance product, excluding PPI
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Online onlyInsurance Europe on the top (re)insurance regulatory issues
Director general Michaela Koller gives update
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Insurance Bill abolishes commercial basis clauses
Government claims new rules will save businesses £100m
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FCA directors not paid bonuses as remuneration falls
But chief executive Martin Wheatley still took home £610,000
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Only 6% of insurance execs believe Solvency II costs are ‘reasonable’
And 62% felt the preparations are distracting management from running their business
