Politics
Cable’s accountability plans increase D&O brokers risk management role
Brokers selling directors’ and officers’ policies could be called upon to ‘plug the gap’ between policyholder expectations and insurance cover following tough new government proposals aimed at increasing the responsibility of company executives.
Prisoners paid to gather insurance details
Prisoners are being paid to gather insurance details and other other personal details as part of market research for insurance companies, the BBC has reported.
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
Liverpool firm first to get private investigators' standard
A Liverpool-based private investigation firm is the first to achieve accreditation under a new corporate standard for the industry.
Scotland’s future – financial services regulation
Among the questions Scotland's independence referendum raises for the insurance industry is how financial services would be regulated if Scotland votes for independence in September 2014.
Europe: Continental catastrophes
An EC Green Paper proposing harmonisation of catastrophe insurance across Europe has faced strong criticism from the market. Edmund Tirbutt explains why.
Mesothelioma: Bearing the burden
With the Mesothelioma Bill due to come into operation early next year, just how much strain is the compensation scheme likely to put on insurers?
Biba vents concerns over flood cover in consultation response
The British Insurance Brokers' Association is concerned small businesses currently covered under the Statement of Principles will not be covered by the four proposals outlined in the government consultation on the future of flood cover.
Whiplash: What next?
The Transport Select Committee published the much anticipated findings of its inquiry into whiplash claims last week.
CII: Data protection hindering fraud fight
The industry's attempts to work together to combat fraud are being hampered by the Data Protection Act, the Chartered Insurance Institute has claimed.
ABI backs Home Office calls for regulation of private investigators
The Association of British Insurers has thrown its weight behind a Home Office initiative that intends to bring about the regulation of the private investigation industry.
Home Secretary mandates private investigators licence
Home Secretary Theresa May has vowed to outlaw unlicensed private investigators following allegations that rogue private investigators have been operating in the commercial arena for years.
Insurers welcome TSC report but rue small claims decision
LV managing director John O’Roarke has described the Transport Select Committee’s decision not to recommend extending the small claims court limit as “disappointing”.
Outsourcing NHS services may leave negligence claims cover black hole
Politicians concerned over sufficient insurance indemnity
AA boss pleased with TSC recognition of 'quick buck' culture
AA Insurance director Simon Douglas has praised Transport Select Committee members for recognising the “delicate balance” between legitimate and dishonest claimants.
Ten insurers face civil action over rogue private investigators
Ten insurance businesses are on a list of 102 firms investigated by the Serious Organised Crime Agency for using rogue private investigators.
Whiplash small claims track extension under threat
The conclusion of a Transport Select Committee inquiry into the cost of motor insurance has sparked “disappointment” among insurance industry bosses after MPs refused to support Ministry of Justice plans to place whiplash claims on the small claims track.
Redomiciling: Insurer’s paradise?
With continued uncertainty over Solvency II, could more firms be tempted to follow the lead of Randall & Quilter and split their tax and regulatory domiciles?
RAC Foundation calls for overhaul of licencing system
The RAC Foundation has called the government to consider placing conditions on young drivers’ licences as a way of reducing fatal accidents among this age group by more than a half.
NFDA meets MP Evans about claims management companies
The National Franchised Dealers Association has aired its concerns about claims management companies’ behaviour in light of payment protection insurance mis-selling scandal to the chair of the All Party Parliamentary Group for Insurance and Financial…
UK driverless car trial planned for 2013
A trial of driverless cars is set to be launched onto UK roads later this year, the Department for Transport has announced.
Vision 2020: Full steam ahead
Despite the report fading from memory, the insurance industry is still on track when it comes to achieving Vision 2020’s key aim to progress the industry
Insurers called to step up lobbying efforts on young drivers’ safety
Insurers should put pressure on the government to change track on its safe driving proposals for young people, Simon Jackson, managing director of Girls Drive Better, has said.