Politics
Lloyd's to be dual-regulated by PRA and FCA under new financial regime
The Government today outlined its view that Lloyd’s and Lloyd’s managing agents should be dual-regulated firms with the Prudential Regulatory Authority responsible for prudential regulation (including the activities of ensuring the adequacy of members’…
More details published on regulatory regime
A new approach to financial regulation: building a stronger system provides further detail on the government’s proposals to reform the framework of financial regulation in the UK.
Government rebrands broker regulator before launch
The government is to rename the Consumer Protection and Markets Authority as the Financial Conduct Authority and give it the power to ban products or limit their distribution for up to 12 months.
Parliament debates mutual model
Labour MP Gareth Thomas has called for the government to honour pledges to support the development of the mutual financial model in the UK in a debate in Parliament today.
Motor Claims 2011: Adderson clashes with Smale over motor claims collaboration
Brit Insurance claims manager Paul Adderson has spoken out against Rob Smale, claims and operations director at Ageas, and his view that the motor claims industry should not collaborate.
Motor Claims 2011: Smale warns of tipping point for policyholders over motor prices
The insurance industry should take steps to tackle the rising cost of motor policies before the government intervenes, Ageas claims and operations director Rob Smale has warned.
Ex-flood chief warns UK could face Oz-type disaster
Investment in defences needs to be ongoing or the UK could face a situation as devastating as the recent flooding in Australia.
Motor Claims 2011: Jackson: implementation of reforms is beyond my control
Lord Justice Jackson has urged the government to act on the recommendations in his review of civil litigation costs after admitting implementation of the report was not "within his grasp".
Legal expenses: The end of after-the-event insurance?
The Jackson Report could see the end of after-the-event insurance. Veronica Cowan canvasses the views of those in the industry to find out if the market would still be viable.
PM warns"damaging" EU regulation could unfairly hit female drivers
The impact of the upcoming European Union gender eqality directive on female drivers' insurance premiums was raised today in Parliament during Prime Minister's Questions.
PM warns"damaging" EU regulation could unfairly hit female drivers
The impact of the upcoming European Union gender eqality directive on female drivers' insurance premiums was raised today in Parliament during Prime Minister's Questions.
MDU backs CFA proposals
The Medical Defence Union has backed Ministry of Justice plans to address conditional fee arrangements.
Government "failing to see bigger picture" on justice reform
President of the Association of Personal Injury Lawyers, Muiris Lyons, is set to announce that the reforms of the civil justice system which focus on costs, fail to consider the “bigger picture” for injured people.
Cutting legal aid and restricting CFAs would create a “perfect storm”
The Association of Personal Injury lawyers has responded to the government’s consultations on legal aid and civil litigation funding and costs, which both close today.
Euler Hermes backs government ECGD products
Credit insurer Euler Hermes has cautiously welcomed the government’s plans to launch a series of new ECGD products.
AJAG issues final Jackson response
The Access to Justice Action Group (AJAG) has today submitted its response to the Ministry of Justice Green Paper on implementing the Jackson review.
Claims Club news: Ombudsman relying on third parties as caseload increases
The Financial Ombudsman Service is making increasing use of outsourcing as it battles to keep up with the volume of cases it has to deal with, especially in the payment protection sector.
APPG - 20 years in force: Representation for the industry
With its 20th anniversary just passed, David Worsfold looks at the success of the All Party Parliamentary Group on Insurance & Financial Services, detailing some key highlights from two decades of debate.
Career development & CSR: Cable calls for increased focus on apprenticeship schemes
Business secretary Vince Cable and skills minister John Hayes have urged more employers to drive economic growth by creating a new generation of skilled workers, while underlining the government's commitment to increase the budget for apprenticeships to…
AVCIS reaches £4m recovery milestone with South African haul
Following the recovery of 18 high-value stolen vehicles from South Africa, the UK’s vehicle crime unit has announced that it has recovered vehicles valued in excess of £4 million during the past four months.
Government plans extension to travel protection scheme
The scheme that protects holidaymakers in the event that a travel firm goes bust looks set to be extended.
Treasury committee calls for right not rushed regulation
The Treasury Committee has today published its report on the government's proposals for financial regulation, calling for more time to get it right.
Motor Claims 2011: Adapting to change in the motor market
With the insurance industry suffering from reviews, increased legislation and the need for additional transparency, Brendan Keane looks at how the motor market can adapt and change to keep one step ahead.
Public sector cuts: Risk management savings - a false economy?
The squeeze on public sector spending is about to get tighter. Jakki May examines the ways in which its employees, brokers and underwriters need to get the best out of insurance, without compromising quality.