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PIA disciplines Nat West Bank.

The Nat West Bank was fined £500,000 last week by the Personal Investment Authority, after disciplin...

The Nat West Bank was fined £500,000 last week by the Personal
Investment Authority, after disciplinary action taken over compliance
failings identified during a monitoring visit in 1997.


The PIA

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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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