Regulation
Direct Action.
Recommendations released by the Law Commission could bring much needed clarity and increased certainty to a pillar of insurance law - the Third Parties (Rights Against Insurers) Act 1930. Gavin Reese and James Stockwell explain.
Lloyd's calls in SFO to investigate online insurer
Lloyd's has become embroiled in a Serious Fraud Office Investigation after an insurance intermediary ...
End of the road?
A new hazard waste directive coming into force on 1 January next year, will have serious implications for end-of-life vehicles and as a result insurers. Ian Gaskin explains how the industry can avoid falling foul of the legislation.
Age-old dilemma.
Last week, the government unveiled plans to regulate sales of long-term care insurance, but this is just one part of the jigsaw, as Andrew Harwood reports.
Moody's: Lloyd's syndicates no longer provide "adequate" security
Moody's has downgraded five Lloyd's syndicates amid what it described as "growing concerns over the a...
Ferma calls for European Pool Re
The Federation of Risk Management Associations has called on the European Commission to study the fea...
Ace posts heavy third quarter losses
Bermudian insurer Ace has reported a net loss of £310m for the quarter ended 30 September 2001, compa...
IUA petitions US regulators over funding requirements
In a letter to Commissioner John Oxendine, Chairman of the NAIC reinsurance taskforce, the Internatio...
Lloyd's agrees compromise with US regulator
Lloyd's has reached a compromise agreement with the US regulators over the size of its deposits conce...
Lloyd's and NAIC reach compromise
Lloyd's has reached a compromise agreement with the US regulators over the size of its deposits for l...
Prudential: general sale mooted.
Speculation over whether Prudential may sell all or part of its general insurance business mounted t...
Mould move to head off claims.
Guidelines for dealing with toxic mould are being drawn up at the request of UK insurers, fearful of...
Government speaks over Holocaust law.
The US supreme court has agreed to hear from the government in a $1.6bn (£1.1bn) class lawsuit alleg...
Asthma damages.
Woodwork teacher Eric McCreery has won £200,000 damages for chronic allergic rhinitis and occupation...
Lloyd's EU delays criticised.
The European Commission has come in for criticism over its delayed decision on Lloyd's infringement ...
Trade body set for recovery position.
The replacement industry took its first step towards establishing its own trade body last week, with...
Long-term rules.
The government's decision to bring the regulation of the fledgling long-term care insurance market u...
US calls on Lloyd's for full cover
The US has said that Lloyd's must deposit funds equivalent to 100% of its business in covering the Wo...
Aqera to cut admin costs in half.
Business and IT infrastructure provider Aqera this week claimed it can save life insurers 50% of the...
Landmark on liability.
Brokers could now be faced with much greater liability when placing reinsurance contracts. Andrew Symons and Richard Tosh explain the future repercussions of last week's landmark House of Lords ruling.
Appointment at RAC Motoring Services.
The RAC has made two senior appointments to its financial services division. David Nicholas joins as...
Brokers urged to call PWC bluff over Indie
Brokers were told to stand firm against requests from the provisional liquidator Pricewaterhouse Coo...
Chinese whispers?
China has recently begun to open its doors to European insurers, granting licences to a handful of the larger companies. While the outlook seems optimistic, all those involved are being cautious about long-term fortunes, says Jeremy Golden.
Class Law after funding for Equitable challenge.
Class Law, the law firm acting on behalf of the creditors of Independent Insurance Group, is seeking...