Politics
BUDGET 2010: George Osborne: IPT to rise
Chancellor George Osborne has announced insurance premium tax is to rise in today's budget.
Aviva chair joins Cable's business advisory group
The members of the Business Advisory Group established last month have been confirmed. The group will act as an informal advisory board to the Secretary of State, Business, Innovation and Skills, Vince Cable.
Deregulation of health and safety legislation is going to be "challenging"
This is according to Garwyn, who has responded to Lord Young's announcement that he will be conducting a review of health and safety legislation to crack down on the compensation culture in the UK.
CBG issues IPT warning
CBG Group has warned that increasing the level of insurance premium tax is likely to deter customers from buying adequate cover.
IUA calls for "well informed" insurance regulator
The International Underwriting Association has called on the coalition government to ensure that there is a strong insurance prudential regulator as part of its shake-up of the financial services industry.
Compliance firm urges industry to work together for regulatory change
Wolters Kluwer Financial Services UK managing director Dean Curtis has urged the financial services sector to pull together to ensure the Chancellor George Osborne’s regulatory changes are effective.
ABI warns government against adding to burden of costs
The Association of British Insurers has said that it is "open minded" to regulatory changes to the financial services sector.
Sants to head transition to new financial regulatory body
Hector Sants has agreed to remain as chief executive of the Financial Services Authority and to lead the transition and the creation of a new prudential authority.
Chancellor outlines future of financial regulation
The Chancellor of the Exchequer has outlined the government’s intention to hand over regulatory control of the financial services sector to the Bank of England.
Law firm criticises government plans
Law firm CMS Cameron McKenna has said that the government’s plan to split supervision and enforcement of the financial services industry will “dissipate responsibility”.
Government makes plaques medical evidence pledge
The coalition government has pledged to consider compensating past pleural plaque victims if new medical evidence became available
Post in print – 17 June 2010
News editor Mairi MacDonald outlines the major news stories from this week’s issue of Post, including: the possibility that the government may look to buy more insurance in a strategic move to cut costs; Tesco price comparison coming under scrutiny…
PMI providers weigh into IPT debate
Any rise in insurance premium tax will severely hit an NHS already under pressure, according to the Association of Medical Insurance Intermediaries.
Postscript - 5 years ago: Pay-as-you-go motor scheme
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 5 years ago reveals.
Postbox: A Budget tax warning
With the new coalition government currently reviewing spending and revenue, many forecasters believe that the 5% tax rate on general insurance will be at least doubled in the emergency Budget due on 22 June.
Passion is important
Passion and politics are just as important as technical skills when it comes to securing today's top risk management roles.
Labour MP calls for government to reveal ELIB outcome
A newly elected Labour MP has called on the government to reveal the outcome of a consultation into the establishment of an employers' liability insurance bureau undertaken before the general election.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Government may buy insurance to cut costs
The government may look at buying more insurance as part of its strategy to cut costs, Post has learnt.
Tory Lord to consider PI ad ban
The Conservative Lord appointed to lead a review to put the “commonsense back into health and safety” rules has said he will look at banning personal injury firms from advertising their services.
RSA chairman rounds on "anti-British" Obama for BP attack
The chairman of RSA John Napier has labelled Barack Obama anti-British for his attack on BP.
RSA chairman rounds on "anti-British" Obama for BP attack
The chairman of RSA John Napier has labelled Barack Obama anti-British for his attack on BP.
PJ Hayman calls for standardisation of tax rates for insurance
P J Hayman, specialist travel insurance and schemes provider, calls on the new government to reassess the level at which Insurance Premium Tax is charged on travel insurance.
Evans is new insurance parliamentary group chair
The All Party Parliamentary Group on Insurance and Financial Services, for which Post provides the secretarait, elected former trade minister Jonathan Evans as its new chairman at a meeting in the House of Commons last night.