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European environmental liability options

Deepwater Horizon rig in flames

Environmental damage costs have hit the headlines in recent years and the European Commission is looking at the option of a fund to control them. But, as Sam Barrett finds out, the insurance industry is not the number one fan of this idea.

Environmental damage resulting from industrial accidents can be devastating, and recent incidents, including the Deepwater Horizon oil spill which killed 11 workers, affected thousands of businesses

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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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