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Ferma opposes environmental liability fund

Helicopter hovering over an oil spill

The Federation of European Risk Management Associations has urged the European Commission not to create of a fund to cover environmental liability and losses resulting from industrial accidents.

The trade body was responding to a consultation by the commission following a proposal from the government of Hungary for the establishment of a compensation fund, partly in response to a major

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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