Regulation – Page 31
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AnalysisBriefing: Why property insurance commission is so controversial
The storm over property insurance could lead to full-blown commission disclosure debacle
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NewsLloyd’s boss John Neal addresses Atrium scandal
Neal made clear that ‘zero tolerance is the only answer’ for bad behaviour
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AnalysisIn Focus: How can firms start to prepare for the FCA’s incoming Consumer Duty?
With the FCA’s Consumer Duty expected to come into effect from April 2023, industry experts debate how firms can best prepare for the new customer protection regulation
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NewsSocial media requires due diligence amid FCA’s Consumer Duty – Davies Group
The firm has made several recommendations on how organisations can adapt existing operating and service models
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AnalysisHospitality group BI judgment could signal ‘flood of further cases’ ahead
Insurers could still face ‘potentially significant’ claims exposure around BI policy interpretations, despite intention of test case judgments
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NewsReich Insurance named in Parliament as MPs call for FCA regulation on commission fees
It follows the broker being hit with a forced commission disclosure order
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NewsMercedes to accept liability for accidents involving its new self driving tech
The car manufacturer will not accept blame where a driver has failed to take control of a vehicle when prompted, however
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AnalysisBriefing: Was the MoJ’s part two consultation response worth the bother?
With a five-year gap since the initial reform consultation and the OIC portal still posing functionality problems, has the MoJ taken the easy way out with its no change agenda for part two of the whiplash reforms?
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NewsGovernment scraps building safety manager requirement in latest Building Safety Bill shake up
The Secretary of State now has the power to ’impose requirements about new build home warranties’
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AnalysisInsurance sector rallies around Ukraine
Insurance Times rounds up how the UK insurance industry has responded so far to the ongoing conflict
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NewsMoJ unveils no change to credit hire and rehab in part two whiplash reform consultation response
The government will work with industry stakeholders to see whether arrangements such as the GTA should become mandatory, however the emphasis is on the ‘industry to keep its own respective houses in order’
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NewsGovernment moves closer to axing controversial Vnuk law
The European ruling could have created extra costs of £2bn a year for the insurance sector
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IT InterviewShirley Woolham: ‘Thematic response’ needed by claims sector to ensure OIC portal success
Law firm chief executive acknowledges that despite ‘issue after issue’ and ‘moaning’, the Official Injury Claim portal ‘is not going away’
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NewsOnline Safety Bill introduced to parliament
New measures have been introduced to push tougher criminal sanctions on tech bosses and data manipulation
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NewsIreland follows UK with home and motor price walking ban
The new law will come into effect from 1 July 2022 and exclude new customer discounts
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NewsLloyd’s slaps Atrium with ‘largest fine ever imposed’
The managing agent has accepted charges related partially to ‘inappropriate conduct’ at a ’boys’ night’
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NewsTribunal hits Reich Insurance with forced commission disclosure order
The order follows FCA warnings on the need for ‘fairness and transparency’ around broker fees and commissions
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AnalysisIn Focus: Solvency II reform comes under scrutiny despite potential cost saving
Many industry commentators see post-Brexit Solvency II reform as an ’opportunity’ for insurers and shareholders, but could it leave policyholders paying higher prices? Insurance Times investigates…
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AnalysisBriefing: Sector collaboration is quicker and more certain solution to tackle spoof ads versus OSB
The insurance industry must work together to collate information and case studies if it is to prevent ad spoofing from ‘legitimising fraud’
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NewsIndustry backs Online Safety Bill’s new fraudulent advertising duty
Ofcom will be setting out further details for platforms
