Regulation – Page 77
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NewsDAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
With legislation coming in April 2020, DAC Beachcroft says fraudsters are looking more into bent metal claims
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NewsVictims of London Bridge attack bring claim against van insurer
Slater and Gordon is representing a number of victims seeking compensation for physical and psychological injuries
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NewsPensions PI cover: Will FCA crackdown reignite insurer interest in difficult line?
Insurers have been pulling coverage in pensions PI for a number of years, but will the FCA’s recent intervention change things?
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AgendaLitmus unveils insurer ratings ‘how to’ guide amid boom in applications
Ratings advisory firm says the increasing number of unrated failures is encouraging more firms to apply for a rating for the first time
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AgendaMGA transferred LAMP customers to unrated Gibraltar insurer over rated alternative
Now4cover chief executive Michael Muzio explains why the unrated option was the better choice in this case
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NewsContractors unable to get cover as construction insurance crisis spreads
Building inspectors have already been forced to cease trading and now contractors can’t get cover too
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NewsThe construction cover crisis: what we know so far and what next?
The construction market is caught up in a dilemma over Approved Inspectors who oversee projects now finding it increasingly difficult to actually get the insurance they need to operate, Insurance Times investigates
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NewsLAMP home policies transferred to Gibraltar insurer
Customers of now4cover are transferred to another Gibraltar-based insurer
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News‘The inconsistency is breathtaking’ - claimant association slams ABI tracker
The ABI has said that premiums are likely to increase, despite the Ogden rate improving
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NewsHow the rising cost of traditional building materials is impacting claims inflation and premiums
It was revealed recently by Ecclesiastical that the cost of traditional building materials is increasing, but could this have a knock-on effect on claims inflation? And what other factors might be at play?
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Online only“On the cusp of a disaster” – More building inspectors cease trading after failing to renew insurance policies
The trade body for private building inspectors gets behind insurance industry calls for stringent terms of cover to be changed urgently by the government
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NewsPensions PI insurance crisis deepens as insurer stops accepting new clients
An uptick in pensions mis-selling has prompted many insurers to reconsider their position in the last few years
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AgendaEx-CEO Asplin ordered to pay £5.3m for DAS fraud
DAS will receive around £8.3m in compensation from Asplin and the other two defendants found guilty of defrauding the firm at last year’s trial
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News‘Delivering Brexit and uniting the country’: What does Boris Johnson as PM mean for the insurance industry?
Boris Johnson has been described as a ‘consumer champion’ by some, so what will this mean for the insurance industry
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NewsInsurer boost as governmment gives £2.9m for flood protection projects
Flood Re chief executive calls the new funding a “welcomed step forward”
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NewsCLS: the £350m MGA looking to ‘grow by 40% in two years’ through broker partnerships
The Munich Re-backed MGA looks to grow its broker book to grow the business “by 40% in the next two years.”
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Online onlyFirms failing vulnerable customers face FCA action
As the FCA launches a consultation to protect vulnerable customers, the regulator warns it will take action where it finds unfair treatment
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NewsFSCS agrees deal for Alpha’s replacement cover
Final sign-off is intended to be provided on Wednesday 24 July
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NewsABI slams government’s ‘wholly disingenuous’ Ogden Impact Assessment
The ABI’s director general has written a letter to David Gauke MP to object to the ‘misleading’ document
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NewsCopart outlines potential post-Brexit salvage opportunities
Copart’s UK MD says a global client base is essential for sustainability and opportunity beyond 31 October, and how it can benefit its insurer and broker partners
