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This week: Gaukward moment for insurers following Ogden change

whipping-up-a-storm

It was around Spring when office chat turned to the trend of insurers bolstering full year accounts through claims reserve releases.

I was on the phone to Penny James, the newly-appointed CEO of Direct Line, when I asked her whether the decision to push up flagging operating profit by releasing £54.8m from claims reserves was

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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