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No more safety in numbers.

The special privileges and insurer relationships broker club members enjoy mean the figures add up for those involved. However, the Financial Services Authority is eyeing these arrangements unfavourably. Simon Threadgold wonders if the clubs' days may be numbered.

How to service the broker distribution channel is something that has
puzzled insurers for a long time. One solution is to set up a club for
brokers who introduce the most business, and give them

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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