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Your Say: A step closer to international clarity

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After a journey that started in 2001 and led to the stopgap International Financial Reporting Standards 4 in 2005, the end of the search for an international accounting standard may be drawing near.

An exposure draft was issued on 20 June with responses required by 25 October. If the responses do not send the standard setters back to square one, then a final standard should be issued in 2015

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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.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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