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US Congress looks at FAIR Act again

The US Congress is once again looking at legislation that would create a national trust fund to compensate victims of asbestos-related disease.

Congressman Mark Kirk, the bill's chief sponsor, said in a statement that the Fairness in Asbestos Injury Resolution Act, also known as H.R. 1360, would follow the framework negotiated in the Senate

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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