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Asbestos bill facing increased opposition

Legislation to establish a $140bn asbestos compensation fund faces a lack of support even if it musters enough backing to be voted out of the Senate Judiciary Committee this week, a Democratic opponent has claimed.

The bill has two declared Democratic supporters on the Judiciary Committee, but Senator Edward Kennedy of Massachusetts said he doubted it could attract more Democrats when the panel resumes work on

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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