Regulation
Mixed reaction to Webster Dixon's High Court success
Legal expenses insurer DAS has called for caution following Webster Dixon’s success in the High Court last week where the circumstances in which legal expenses insurers may not decline a policyholder’s claim were clarified.
Japanese, Swiss and Bermudian regimes largely equivalent to Solvency II, says Eiopa
The supervisory systems operating in Switzerland, Bermuda and Japan are largely equivalent to Solvency II, but not for all classes, according to the European Insurance and Occupational Pensions Authority.
NAO call on greater flood risk expertise at local level
The National Audit Office claim that local authorities must increase their technical expertise if they are to be given increased powers to identify flood risk and target investment.
Insurance Insight weekly update live - 28 October
Insurance Insight's weekly update is live with an article on Pan-European and Global business interruption cover; and a View from the Top on how insurers must be as global as the firms they work with.
FSA packaged accounts rules to create simpler sales process
PwC has welcomed the Financial Services Authority’s proposed new rules to increase consumer protection in the packaged account market.
Extending the ELD could have damaging consequences
A proposal today by the EC for a new law to regulate safety standards for offshore oil and gas operations could have unintended consequences for the environmental liability market, according to the CEA.
News analysis: IFB’s three-year strategy wins financial backing from insurers
The Insurance Fraud Bureau is to more than double in size in its crackdown on professional enablers.
Westinsure pushes ‘alliance’ angle to entice brokers
Westinsure is set to rebrand under the slogan ‘Together we are stronger’ at its exhibition in January 2012, as it looks to become the market-leading broker network.
ABI mulls development of no-claims discount register
The Association of British Insurers is considering setting up a no-claims discount register in the wake of the creation of the industry’s Insurance Fraud Register.
Aviva to axe 950 jobs as Dublin-based operation set to be dismantled
The decision to dismantle Aviva’s Dublin-based European holding company with the loss of up to 950 jobs has been blamed on “economic and regulatory burdens”.
Broking supplement - Interview Toby Esser: Expansive thinking
Toby Esser talks about striking serious deals, his acquisitive ambitions and plans to penalise paper-lovers
MoJ reaffirms ban on referral fees
Justice Secretary Kenneth Clarke has announced that the banning of referral fees will be debated in the House of Common next week and, if passed by vote, will be added to Legal Aid, Sentencing and Punishment of Offenders Bill which is currently…
Post magazine – 27 October 2011
This week the Post team reports on feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting multinational firms including Apple and Ford Motors.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Ruling “sting in the tail” for insureds
Michael Frisby, partner in the dispute resolution team at law firm Stevens & Bolton has commented on a test case which has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Ruling puts paid to ‘cash-cow’ legal expenses insurers
A test case in the High Court has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Lord Turner calls for greater FCA powers
Financial Services Authority chairman Lord Turner yesterday urged politicians to give the Financial Conduct Authority the powers to prevent the customer from being “ripped off”.
Aon Benfield proposes optimisation strategy for Solvency II
Aon Benfield claims to have developed an optimisation process for setting a consistent strategy across asset and liability risks which will support insurers to better manage their risk and capital under Solvency II.
MYI secures appointment to handle Manchester riot contentious claims
Loss adjuster MYI has been exclusively appointed to handle high-value and contentious claims against the police from the Manchester riots in August.
View from the top: Diversity dilemma
Better gender diversity will boost the industry's understanding of cultural, social and economic issues, says Nicolas Aubert, managing director, Chartis Insurance UK.
In series - Lloyd's & London Market: An eye on the future
Lloyd’s and the London market has a fantastic reputation and its inherent creativity and principle of continuous self-improvement should be feared by its competitors.
In series: Lloyd's & London Market: Staying number one
Tightening regulation and a less advantageous tax regime are making it tough for Lloyd’s to retain its pre-eminence, but is protectionism the greater threat?
Post magazine – 20 October 2011
This week the Post team reports on the reason behind Imperial Consultants’ Ian Hogarth’s move to LAS Claims Management.
Hogarth’s Imperial exit sparked by ‘difference of opinion’ - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the reason behind Imperial Consultants’ Ian Hogarth’s move to LAS Claims Management.