FCA urges insurers to consider what ‘fair’ means

Car crash

The Financial Conduct Authority has reminded insurers to reflect on what “fair” means going forward, after Direct Line was slammed for underpaying customers.

Speaking at the Managing General Agents’ Association’s conference today (6 July), Matt Brewis, the FCA’s director of insurance, addressed what “fair” settlements should be in the industry.

Brewis

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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