Regulation
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.
Legal firm welcomes "overdue" ELIB plan
Ian McFall, head of asbestos policy at Thompsons Solicitors, said: "We have said for many years that what is good enough for road traffic accident victims is good enough for the workers."
Apil “delighted” with ELIB proposals
The Association of Personal Injury Lawyers has backed government proposals to establish an Employers’ Liability Insurance Bureau as a fund of last resort.
ABI voices fears over ELIB proposal
Nick Starling claims it is right that today's law-abiding employers should have to pay for their potentially uninsured competitors.
Government backs EL database
The government has proposed setting up an employers' liability tracing office to help people claim compensation who have serious industrial diseases and who cannot trace their employers' insurance records.
Editor's comment: Sants - is he quackers to give up FSA position?
A headline screaming "lame duck" and "Financial Services Authority" was put up on the Post website on Tuesday following the resignation of the regulator's chief executive Hector Sants.
Employers' Liability Bureau Bill debate adjourned
A second reading of private members bill to establish an Employers Liability Bureau has been adjourned until later this month.
FSA "a lame duck" following CEO resignation, claims lawyer
Jonathan Davies, regulatory partner at City law firm Reynolds Porter Chamberlain, believes insurers should be worried by the news Hector Sants is to quit the FSA.
US wants UN sanctions resolution on Iran within weeks, including reinsurance
The United States wants the UN Security Council to approve a resolution within weeks, laying the ground for new sanctions against Iran over its nuclear programme, including a ban on (re)insurance.