Politics
ABI Conference: Guidance on Test Achats due by year end
Jonathan Rees, director general at the Government Equalities Office, said that guidance from the European Commission on what the gender directive judgement means should be ready by the end of the year.
ABI Conference: FSA and Eiopa clash over Bank of England role
The Financial Services Authority has clashed with the European Insurance and Occupational Pensions Authority over the Bank of England’s role in the regulation of the insurance sector.
Groupama urges government to act on referral fees
Groupama Insrances has called on the government to ban referral fees following publication of the Legal Aid, Sentencing and Punishment of Offenders Bill.
Industry responds to Justice Bill
The industry has responded to the government’s reforms to ‘no win no fee’ arrangements outlined as part of the Legal Aid, Sentencing and Punishment of Offenders Bill published today.
Draft bill published on financial regulation reforms
The government has published a White Paper and draft bill detailing its proposed reforms to the financial regulatory regime within the UK.
FSA refuses to back down over FSCS review timing
The Financial Services Authority has refused to commit to an April 2012 deadline for a review of the Financial Services Compensation Scheme, as it would be "counterproductive" to consult when changes to European insurance legislation are ongoing.
Motor Focus - Educating Policyholders: Education, education, education
Young motorists are unaware of how their driving behaviour affects the cost of cover. Nigel Bartram looks at what can be done to counter this.
Motor Focus - Fraud Unit: Opening Pandora's box
On the face of it, the suggestion of a police force funded by the industry to help fight fraud seems reasonable. However, Robin Reames examines if going down this path is really the right way forward.
Motor Focus - Premium Challenges: Mauled by the media
After being pounded by the press for putting premiums up, Leigh Jackson looks at the future of motor insurance and asks whether policyholders could do more to help themselves.
FSA acknowledges consumer support on product intervention
The Financial Services Authority has published its feedback statement discussing responses to its “Product Intervention” discussion paper.
Beachcroft: FSA product intervention marks “a major U-turn” in approach
Matthew Rutter, financial services partner at Beachcroft, has said the FSA’s feedback statement on product intervention – its powers to stop or intervene over financial services products – marks a major U-turn in its approach.
RBSI businesses record sharp losses in 2010 as claims soar
Royal Bank of Scotland Insurance companies NIG, Churchill, Direct Line and UKI all suffered losses during 2010, latest accounts reveal.
Biba presents petition on fees to MP
The British Insurance Brokers' Association has presented a petition of nearly 7000 member signatures to Jonathan Evans MP calling for the government to accelerate the Financial Services Authority’s review of the Financial Services Compensation Scheme…
Biba presents petition on fees to MP
The British Insurance Brokers' Association has presented a petition of nearly 7000 member signatures to Jonathan Evans MP calling for the government to accelerate the Financial Services Authority’s review of the Financial Services Compensation Scheme…
FSA spends £763k on delayed FSCS review
The Financial Services Authority spent £763 000 on a review of the Financial Services Compensation Scheme that it later abandoned.
FSA spends £763k on delayed FSCS review
The Financial Services Authority spent £763 000 on a review of the Financial Services Compensation Scheme that it later abandoned.
Cyber risks - Liability update: Privacy policed
Public and political awareness of cyber risks is on the rise as high-profile cases hit the headlines. Patrick Hill and Hans Allnutt review the effectiveness of existing cover options and detail unconventional developments.
Interview - Paul Taylor: Relishing challenges
With a career that has spanned the globe, new Airmic chair Paul Taylor wants to push risk management up the agenda. He talks to Lynn Rouse about his upcoming tenure.
LSB referral fee advice slammed as 'mistaken'
The Ministry of Justice has been urged to disregard the "mistaken" advice of the Legal Services Board and ban referral fees, as lawyers and insurers joined forces to criticise the decision.
Editor's comment: Passing the hot potato
And so the buck gets passed once more. Another week, another non-decision on referral fees. This week it was the turn of the Legal Services Board to fight shy of a ban, deferring future responsibility for dealing with this questionable practice to…
Interview - David Bott: In the Apil hotseat
With claimant lawyers facing radical change over the next year following the Jackson Review, David Bott has a turbulent introduction to his tenancy as the new Apil president. Leigh Jackson talks to the man whose job it is to steady the ship through these…
Commercial property - Sprinklers: A burning issue
The safety and business benefits of sprinkler systems are undeniable — yet many commercial buildings remain unprotected. David Townsend urges insurers to continue to lead the calls for mandatory inclusion.
Exercise Watermark set for insurer-specific rerun
The Association of British Insurers has confirmed Exercise Watermark, the government's emergency flood scenario run nationwide in March, will be re-enacted specifically for the insurance industry in August, in conjunction with the Cabinet Office.
Exercise Watermark set for insurer-specific rerun - Insurance News Now – 2 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Association of British Insurers that the government’s emergency flood scenario will be re-enacted specifically for the insurance industry…