The former CEO of a mutual insurer is looking at fines and a ban, following a joint investigation by the Financial Conduct Authority and Prudential Regulation Authority.
Insurance trade bodies have found themselves at loggerheads over whether part of insurance premium tax should be ring-fenced for flood defences.
Flooding in the north of England could cost insurers between £80m and £120m, PWC has estimated, though this could rise.
Insurtech Zego has become a licensed insurance carrier in Gibraltar and is also expected to target a full UK licence.
UK flooding is expected to continue, as insurers and loss adjusters have warned of a "spike" in both personal and commercial lines claims as a result.
Ageas UK CEO Andy Watson has cautioned that amid the Ogden rate change and inflationary pressures, current motor rates are “surprisingly low and unsustainable”.
Solicitors must declare the source of their claims leads, Aviva has challenged, as research shows a tiny fraction of nuisance calls have the legally-required customer consent.
RSA UK has booked £8m in restructuring charges for the third quarter, as overall the group reported its operating profit was up.
Exclusive: The Ministry of Justice has defended itself over a "loophole" in whiplash legislation that lawyers and trade bodies argue could leave the majority of children injured in road traffic accidents without access to compensation or representation.
Insurtech Lemonade is fighting an injunction by T Mobile parent company Deutsche Telekom over use of the colour magenta.
Hiscox has reserved $165m to cover claims from Hurricane Dorian and Typhoons Faxai and Hagibis, while reporting it expects to see fees and profit commissions dip $25m this year.
Swiss Re has cancelled a share buy-back programme, following a hit from natural catastrophes, capital deployment and the suspension of Reassure's initial public offering.
CBL Corporation has delisted from the New Zealand Stock Exchange, effective from close of play today.
The government will seek to tighten the law around the use of handheld mobile devices on the road, but will not extend a ban to hands free use.
Ageas UK has created three directors of distribution roles, with Chris Dobson set to retire at the end of the year.
The FCA continues to be concerned about the problems faced by vulnerable customers. The regulator is expected to soon unveil a consultation to provide clarity on expectations of firms. Experienced claims handlers will play a key role in helping insurers…
The staff poaching lawsuit between Gallagher and Ardonagh wrapped up in court on Friday, as the judge threw out all but one of Gallagher’s claims. It serves as a timely reminder of the ultimate costs of litigation, which are not always financial.