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Instalment Plan in place for next year's regulatory fees

A payment by instalments plan has been successfully negotiated to enable firms to again pay their regulatory fees by this method.

Interest rates of 3.35% (9.2% APR), with a rate of 2.85% (7.8% APR) for trade association members, have been negotiated and agreed for 2007/08 for firms wishing to pay their regulatory fees and levies

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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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