Regulation – Page 81
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Online onlyIDD has been positive for the market, says BIBA
Majority of brokers surveyed said they believed the IDD had been good for the industry
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NewsHard-pressed communities paying most for home insurance, says FCA pricing study
Lower level of insurance knowledge attributed to poorer customers paying more
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NewsInsurers between ‘a rock and hard place’ amid dual pricing
Although the dual pricing situation could put insurers “between a rock and a hard place” but could it actually level the playing field wiith greater regulatory focus?
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Online onlyAggregators making TWENTY SIX times more profit margin on home versus insurers
Aggregators huge operating profit margins rising every year as insurers barely keep head above water
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Online onlyFCA mulls radical plans to force cheaper deals on customers
Regulator interim report on dual pricing
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NewsBiba repeats Brexit fears, as Boris renews pledge to leave EU by Halloween
Boris Johnson addressed delegates at the Tory Party Conference this morning
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Online onlyMajor shake up in broker trading as MS Amlin pulls out of lines
MS Amlin to exit nine lines
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News Uber urged to have appropriate insurance
The move has led to further uncertainty for the taxi ride-sharing firm and potential job losses
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NewsOgden effect sees car insurance premiums rise 0.7%
London continues to attract the highest premiums
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NewsThe antidote to dual pricing? Sell the policy at the correct price
Be Wiser’s managing director Sharon Beckett looks ahead at the forthcoming dual pricing study
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NewsZurich Municipal calls for action to tackle lack of school fire protection in England
Five of the biggest fire protection risks include lack of sprinklers, building combustibility and modern construction methods, fire detection, arson, as well as housekeeping and smoking controls
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NewsWorcester Park fire reawakens concerns over modern methods of construction
The insurer is working with the Metropolitan Thames Valley Association to ensure residents receive needed support
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NewsZurich advocates staff flexible working with new “family friendly” policy
The government is seeking feedback from its modern industrial strategy consultation by 11 October in includes proposals for flexible working and urges employers to be more transparent about parental leave
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NewsSenior Guy Carpenter figure fired over sexually explicit email
Two other members of staff were also given internal sanctions
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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”
