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Biba rejects recent criticism of FSA Commingling

The British Insurance Brokers' Association (Biba) has rubbished recent reports criticising the Financial Services Authority's (FSA) commingling rules.

Biba has dismissed suggestions that client money shortfalls will be larger in a commingled client bank account as misleading. It said this argument presumes that small brokers reconcile their

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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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