Regulation – Page 141
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Solicitors accused of ‘playing the system’ with psychological harm claims
Transport Select Committee investigation finds psychological claims being made even if they are not in the claimant’s interest
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MPs criticise insurers for paying whiplash claims without medical evidence
Transport Select Committee also calls for deadline for making a whiplash claim to be cut
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FCA chief to defer bonus amid life insurance gaffe probe – reports
Decision by Martin Wheatley and eight colleagues to defer payments is expected to be published in July annual report
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CMA probe: Remedies are a missed opportunity for a dysfunctional market
Proposed remedies will do little to address the problem of rising claims costs, analyst warns
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CMA probe: credit hire volumes could increase
Credit hire organisations could be incentivised to take on more split liability cases as a result of the proposed CMA remedies
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Risk managers shrug off broker conflict of interest concerns
Remuneration models drop down list of Airmic members concerns
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Online onlyHow a derivatives rate rigging scandal could cost insurers money
Allegations of interest rate swap market manipulation could spark wave of costly D&O claims and litigation
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Online onlyBriefing: Why the ban on aggregator pricing restrictions is good news for the industry
The CMA has moved to ban most favoured nation clauses in a move that should see better commission rates and an improved service from the aggregators
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CMA probe: Aggregator pricing restrictions to be banned
But insurers will still not be able to offer prices cheaper through their direct site
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CMA probe: Price cap to reduce hire rates by as much as 50%
Dual rate price cap will encourage insurers to accept liability for replacement vehicle costs within three days of receiving a claim
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CMA probe: Hire vehicle costs to be capped
Aggregator pricing agreements that restrict cheaper prices being offered elsewhere will also be banned
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Online onlyCredit hire fights to clear name in 'dysfunctional' market
With the Competition and Markets Authority expected to release its remedies for the private motor market tomorrow, Insurance Times listens to the key arguments from both sides of the credit and direct hire debate
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Online onlyABI 'concerned' by Riot Damages Act
Association is worried that insurers may face irrecoverable losses and businesses could be made uninsurable
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Courts to throw out entire claim if claimants exaggerate injuries
New legislation will also ban solicitors from incentivising claimants with cash and iPads
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Airmic launches insurance compliance database
Tool designed to help insurance buyers ensure their programmes are globally compliant
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Andrew Moss makes first City move since Aviva
Ex-Aviva chief executive joins regulation consultant Parker Fitzgerald
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FeaturesRegulation Report Part 3
To help you make sense of the changes in the regulatory landscape since the FCA took over from the FSA in April last year, Insurance Times, in association with the Chartered Insurance Institute, is creating a series of five reports focusing on a different area of regulation as it affects ...
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Brokers must prove innocence in wake of FCA conflicts probe - Biba
Biba urges action after FCA probe warns about risk of brokers putting their own interests ahead of customers
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Law firms face striking off for hiding information from insurers
SRA probing 23 law firms over non-disclosure to PI insurers
