Regulation – Page 51
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NewsManifesto 2021: Biba launches resilience-themed 2021 manifesto
The trade body flags seven key topic areas that are of prime importance for brokers over the coming year
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NewsGovernment in talks with insurers over rising D&O cost
Widespread concerns that small businesses in particular are struggling to meet the cost of rising D&O premiums
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NewsIrish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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NewsMPs to launch inquiry into LV= potential takeover
The All-Party Parliamentary Group for Mutuals are ‘concerned’ about how the proposed sale could affect ‘LV= members, the insurance industry and competition and choice in financial services’
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FeaturesGreater data analytics gives FCA ‘finger on the pulse’ of GI market
Insurance Times explores what the FCA’s increased use of data analytics could mean for brokers and insurers as the regulator learns more about the firms it supervises
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NewsE-scooter insurance demands from local authorities are ‘very different’
Local authorities have very different capabilities when dealing with the procurement of e-scooters and insurance demands also vary
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NewsInsurance claims against property agents surge – Mint Insurance Brokers
Over the last year and a half, there has been a surge in claims due to tenants’ deposits not being lodged on time
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NewsBackchat January/February 2021
Deers in the swimming pool, exploding ovens and an outgoing president - what has the insurance industry been up to at the start of 2021? Plus, which profession pays the least for car insurance premiums? You heard it here first…
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NewsIUA appoints Zurich commercial head as new chairman
New head replaces Patrick Tiernan who will be taking on the role of chief of markets for Lloyd’s of London
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NewsCovid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
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NewsIrish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
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Sponsored ContentThe trends insurers need to know and how they’ll determine marketing spend – Oliver
Simon Martin, founder and chief executive of in-house agency solutions provider Oliver and former director of specialist units at Aviva, tells Insurance Times about the ‘fast trends’ he foresees for insurers
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NewsGovernment launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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NewsQ&A: Pearson Ham on the FCA’s pricing reforms - how will insurers claw back lost renewal revenue?
Pearson Ham’s director of insurance pricing Stephen Kennedy talks to Insurance Times about pricing reforms and how insurers might attempt to claw back lost revenue following the FCA’s price walking remedies and the coronavirus lockdowns
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NewsFCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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News AnalysisChallenge-laden high street weighs heavily on trade credit insurers – but could premium finance be a solution?
With the Covid-19 pandemic continuing and non-essential retailers being plunged into lockdown again, Insurance Times explores the implications and challenges that the insurance industry are facing
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NewsSoaring professional indemnity insurance premiums ‘unsustainable’ for surveyors
There is also a lack of PII insurers in the market which is an additional strain on premiums and makes it more difficult for surveyors to get the cover they need
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FeaturesBriefing: Has the drive for transparency come too late to repair reputational damage?
Discussions around greater transparency in policy wordings and clarifying coverage have become a top priority following the FCA’s business interruption test case – is this a ‘better late than never’ scenario or has the hit to the sector’s reputation crippled any chance of forging customer trust?
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NewsEnterprise Act risks BI payout ‘ticking time bomb’ for insurers, warns law firm
Devonshires’ Stephen Netherway tells Insurance Times how the Enterprise Act could affect business interruption pay-outs following the Supreme Court appeal ruling earlier this month




























