Industry must prove itself.
The collapse of Independent is yet another embarrassing incident for the insurance industry and now MPs will surely take action over regulation.
Speculation and rumour will run rife in the wake of the catastrophiccollapse of Independent Insurance but one certainty is that the insurance
industry will find the heavy hand of tougher regulation fingering its
collar before very long.
Drake Insurance, Equitable Life, Iron Trades/Chester Street,
Independent.
It is a roll call of shame of the failure of regulation to protect
consumers.
There probably isn't an MP in the land who doesn't have constituents
affected by the inability of these four
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