IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration.
Police arrested a man yesterday (27 May) for selling fraudulent car cover and offering it to NHS workers at a discount.
Compliance organisation RWA warned clients of a compliance survey email claiming to be from the regulator.
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
Report claims brokers receive up to 80% of their remuneration from insurers with Mactavish saying more businesses are “questioning the role their brokers play" as coronavirus crisis "brutally exposes" problems in the market.
The levy will be £18m falling from the indicated £23m, however, it is still more than the £12m collected last year.
There is no provision for equivalence in the IDD and this means brokers with EU clients need to set up EU entities to trade in the bloc.
Regulator issues call for more information as it puts together its High Court test case with the aim to resolve uncertainty for businesses making claims.
Move requires firms to consider payment deferrals, premium reductions and waiving cancellation fees.
Romero and NDML’s Simon Mabb says why he believes brokers must unite with the regulator to overcome the current Covid-19 business interruption dispute.
Insurance Cares: Report by Consumer Intelligence and Sicsic Advisory shows number of people in the vulnerable customer category has hit 13m.
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.
Providers urged to consider how value of products has changed as customers alter behaviours during coronavirus with product refunds proposed.
The regulator issued a raft of measures today (1 May) for how financial services firms should behave while coronavirus grips the nation.
Regulator seeks court action to resolve uncertainty on business interruption cover and bring clarity on specific policy clauses.
Insurance Covid-Cast episode seven: Empathetic, sympathetic and offering strategic guidance – how brokers are managing clients in lockdown
In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how brokers maintain their ‘trusted adviser’ status during these difficult time.
A.J. Cook Insurance Brokers has been declared in default by the scheme.
The FCA has asked up to 300 firms to provide financial information on client money, staff furlough, debt and cash.
Watchdog says the two year project led to 6.2m visiting its dedicated PPI website.
Sector responds to the regulator's Dear CEO letter calling on insurers to pay valid claims quickly.
Regulator reports 75% increase in PPI complaints ahead of 29 August 2019 deadline.
Regulator tells firms who refuse to pay out to explain why and how they believe it represents a fair outcome for customers.
Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.