Looking ahead to Parliament in 2007

With 2006 having been such a good year in Parliament for insurers, 2007 promises to be tougher, with some battles to be fought

The insurance industry has rarely had such a good year in Parliament, with new laws covering compensation, fraud and uninsured driving. However, looking ahead, the next Parliamentary session promises a few tougher battles.

At the top of the agenda is the threat to cut spending on flood defences. This has put the government and the industry on a collision course that could result in thousands of householders finding themselves denied cover for flood damage. The deal hammered out between 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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