Politics
Government looking at a Flood Re style for SMEs, says Cameron
Prime Minister confirms government is looking at a flood insurance solution for small businesses.
Chancellor gives Parliament power to appoint or dismiss FCA chief exec
Appointments and renewals to be for five year terms.
Government being “hoodwinked” by insurance industry, says new lobbying group
New group of personal injury lawyers formed to fight changes to whiplash compensation.
Ex-broker MP backs Brexit
Craig Tracey urges people to consider the options and make their own decision ahead of the EU Referendum.
Flood Re publishes list of insurers
Aviva, Hiscox, Legal & General, LV and More Than among firms which will offer policies backed by the scheme.
Flood Re receives regulatory approval
Organisation confirms 4 April launch date.
Flood Re still waiting for regulatory approval
Three weeks ahead of the launch CEO Brendan McCafferty says Flood Re has two issues to solve before PRA authorisation.
Government’s 2015 IPT discussions revealed
Exclusive coverage of the Treasury’s talks with the Association of British Insurers.
Insurance Act full of potential traps, warn lawyers
Lawyers Colin Wynter and Stuart Hill explain the possible pitfalls for brokers ahead of the implementation of the Insurance Act.
UK Broker Summit 2016: Brokers get ready for the Insurance Act
Five key points to keep in mind about the new legislation ahead of its implementation in August.
UK Broker Summit 2016: Brokers key to a successful nation says Lord Blunkett
The peer and former government minister says they enable risks to be taken.
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers
Smaller brokers are being pushed out of market, says MP
Politicians and Biba criticise FCA for burden of regulation on insurance brokers.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
FCA, FOS, FSCS branded “not fit for purpose”
MPs raise Early Day Motion in Parliament.
Moorhouse plans £2m expansion in Wales
Broker targets nearly 90 new jobs and has secured £550,000 from the Welsh government.
Biba teams up with government on cyber
Trade body, ABI and government also continues agreement to improve transparency for older customers.
Broking Break – Your Top Five
In a busy week for insurance which stories did your clicks put in the top five most read?
Mis-selling broker director banned for 11 years
David Stuart Picton from My Cover disqualified for mis-selling insurance policies.
Stephen Catlin: We need a CyberRe
Catlin says exposure is too big for insurers to be able to respond.
ABI 2015: Driverless cars to change insurance landscape
RSA's Steve Lewis says it is impossible to understand the ramifications of where technology is heading.
ABI 2015: Government recognises challenges of IPT rise
David Gauke MP also mentions innovation and adapting to technology as key steps going forward.
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development in a period of “chronic uncertainty” around the world.
Una survey finds upcoming IPT hike already hitting buying patterns
Research also reveals almost half of consumers remain unaware of November’s tax rise.