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Commission-hungry claims firms target Covid-hit businesses
Claims firms and no-win-no-fee solicitors have ramped up attempts to get businesses to make Covid-related claims with them following the Supreme Court business interruption ruling – but insurance experts are concerned that fees could be as much as 40% of any damages.
FCA proposes to cap CMC fees saving consumers £9.6m a year
The Financial Conduct Authority has published proposals to cap the fees claims management companies can charge their customers.
Under the Bonnet, driven by Haynes Pro: What progress is being made in making the UK vehicle pool more environmentally friendly?
In the first of a new quarterly series in association with Post, Haynes Pro crunches the data to look at the take up of electric and hybrid vehicles in the UK over the past 10 years
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Analysis
Briefing: BI ruling a self-made catastrophe for insurers
Insurers have been found hugely wanting by a business interruption judgment that is a victory for common sense. But the struggle is not over yet, for them or their customers.
Analysis
Analysis: The class of 2020 emerges
The emergence of a cluster of start up and scale up carriers, or a class of 2020, caught analysts by surprise despite the hardening market.
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claims management companies
We’ve published a consultation on proposals to restrict excessive charging by claims management companies, which could save consumers an estimated £9.6m.
— Financial Conduct Authority (@TheFCA) January 21, 2021
Read and respond by 21 April 2021 https://t.co/VpFq1UwRax pic.twitter.com/zsx1eAYd6c
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A series of video casts brought to you by Insurance Age and Insurance Post while our journalists are in isolation lockdown looking at the major topics of the day
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