Regulation
Industry united in FSA fee opposition
The insurance industry has voiced its concern over the Financial Services Authority's "value for money" after the regulator announced increases to regulatory fees for the next 12 months.
Jacobs exits ABI for new role at FSA
Justin Jacobs is leaving the Association of British Insurers to work in a newly created role at the Financial Services Authority.
MoJ draft rules agreed
The Ministry of Justice road traffic accident personal injury draft rules have been agreed and signed off by the rules committee.
Credit hire bodies in talks to create single industry voice
The Accident Management Association and National Association of Credit Hire Operators are poised to merge, Post has learnt.
Pick of the week
Post reporter Leigh Jackson outlines some of the major stories from this week's issue of Post Magazine.
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
Provident rating improves to positive
Standard and Poor's has revised its rating of Provident Insurance based on its proposed sale by GMAC.
FSCS predicts increase in PPI compensation claims
The Financial Services Compensation Scheme has forecasted an increase in payment protection insurance compensation claims for the rest of the financial year and into 2010/11 - which could increase the levies on insurance firms.
FSA proposes 10% increase in regulatory fees for 2010/11
The Financial Services Authority has announced its proposed annual funding requirement for 2010/11, with increases of 10% in regulatory fees cited as necessary to provide more “intensive” and “intrusive” supervision.
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
European insurers must rebuild capital
As insurance companies wait for the world economy to slowly recover, they must work to rebuild capital, reassess risk management, integrate changing regulations and aggressively seize opportunities for growth, both via acquisition and new product…
Manslaughter publicity orders go live
From 15 February, any organisation guilty of an offence under the Corporate Manslaughter Act is potentially liable to a publicity order, requiring it to publicise details of its conviction and sentence.
TUC supports EL database proposals
The Trades Union Congress has welcomed the government moves to open a consultation on the setting up of an employers’ liability insurance bureau.
Business Interruption - Valuations: Setting sums
The risk of commercial underinsurance can leave brokers in the firing line and the insured financially distressed. Terri Adams and Richard Powell report on how this can be avoided.
Public Sector - Reserving: Emerging into the sun?
After the harsh winter, John O'Neill takes a look at the challenges facing local authorities in terms of reserving for future events. Is the outlook still bleak or is the sun on the horizon?
Public Sector - Road Maintenance: The big freeze
With much criticism being levelled at local authorities for their handling of the recent heavy snowfall, Caroline Elson details the defence against winter maintenance claims.
Public Sector - Road Maintenance: Smoothing things over
With a pothole being repaired every 33 seconds in England and Wales, Edward Murray reports on the issue of public liability claims concerning this road hazard.
In Series: Solvency 2 - Capital ideas
Alex Arterton explains how the prospect of more demanding capital requirements is already shaping insurer strategies.
In Series: Solvency 2 - A year of achievement
With implementation deadlines for Solvency II fast approaching, Sam Barrett looks at how these are driving market developments and insurer action.
News analysis: Financial Services Bill - Nuts and bolts
The Financial Services Bill is going through the legilslative process. Daniel Preddy and Martin Langley explain why more debate is needed about some of the proposals.
News analysis: Scottish LIon - Sting in the tail
Although the Scottish Lion appeal was a victory for creditor democracy, many legal arguments over solvent schemes of arrangement remain to be settled. Tim Goodger and Ed Stanley explain how the judgment places a heavy burden on scheme administrators to…
Plaques parity touted
Parity in pleural plaques legislation between England and Wales and Scotland could be a reality "before the election", a Labour MP has claimed.
New York regulators impose agent pay disclosure
The New York State Insurance Department has imposed a law that will force agents to disclose how much they are paid to clients.