Regulation – Page 76
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NewsInsurers back government sprinkler plans, but after Worcester Park fire do they go far enough?
The fire has prompted the question as to whether sprinklers should be made compulsory for all flats, regardless of height
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AgendaWatchstone counterclaim accuses Slater & Gordon of using ‘illicit back channel’ in £637m acquisition
Slater & Gordon has since 2017 been claiming against Watchstone to recoup the whole £637m it paid for the group’s professional services division in 2015
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NewsFCA warns of Close Brothers clone
The regulator has warned of a clone charading as the premium finance provider
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NewsBe Wiser rejoins Biba, five years after joining the first time
The Andover-based broker first joined the association in September 2014, but after leaving in 2016, it has now rejoined
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NewsApplication fraud dominates as average tops £12,000 per case
However, one fraud worth £1.2m was detected, and around 1300 fraudulent cases are exposed every day
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NewsFCA clamps down on CMCs’ ‘unscrupulous’ false advertising
Martin Milliner of LV= says CMCs have gotten away with unscrupulous activities “for too long”
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NewsIrish drivers 'no longer need green cards' in no-deal Brexit
However, as it stands, UK drivers will still need them in Ireland
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NewsLondon Bridge terror van insurer not eligible for MIB support
Slater and Gordon is representing a number of victims seeking compensation for physical and psychological injuries against the van insurer
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NewsSoaring prices prompts Irish public liability market study
High claims awards are thought to be behind a 204% hike in premiums since 2014 and carriers exiting from the line
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News‘Hands-free phone use as socially unacceptable as drink driving’ - could proposed ban cut claims?
A report highlighting a rise in death toll and casualties could be evidence to support an extension of the ban on using mobile phones while driving, but what does industry think?
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NewsSteep rise seen in insurance admin fees as FCA clampdown looms
Cancellation and adjustment fees rose well above the rate of inflation, according to aggregator
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NewsABI calls for cyber breach data to be publicly available as claims payout rates hit 99%
The request follows recent high-profile cases like the Marriott hotel and British Airways (BA) data breach
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NewsFraudster sentenced after lying about losing partner’s engagement ring
The fraudster was caught sending a text to a friend, admitting his plan to exploit the insurer
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NewsOgden hits LV= but operating profit is up by half
£13m Ogden rate hit puts underwriting profit lower than last year but Steve Treloar hails six months of solid growth elsewhere
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AgendaFCA issues double warning of unauthorised insurance firms operating through Instagram
Unauthorised firms by the name of Cheap Insurance Broker and B1 Insurance were both being run through Instagram
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NewsAnalysis: Where the squeeze is being felt from HMRC’s record IPT income
Insurance Times takes a deeper look at the impact of IPT following HMRC announcing a record income from the tax
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AgendaAllianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
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NewsDirect Line reveals Ogden hit as profits fall 10.2%
Direct Line reveals how much money the group lost through the resetting of the Ogden rate to -0.25%
