Better lobbying leads to government action

Insurance has gradually climbed higher on the present government's agenda than at any other time during its term of office

The insurance industry seems to be having a good run with government.

I have little doubt that some of the recent encouraging signs have much to do with the huge rise in the cost of insurance over the last couple of years, which has forced the availability/affordability argument to the forefront.

Stephen Byers recently lashed out at the perceived effects of the compensation culture in no uncertain terms and this was followed up by the Education Secretary, Charles Clarke, speaking at one of the

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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