Regulation
Pinsent Masons reveals general insurance market concerned about risk of fraud
A survey carried out by law firm Pinsent Masons has revealed that the general insurance market is co...
Anger over uninsured driving delay
The government has stalled the fight against uninsured driving by failing to implement an enforcemen...
Lockton seeks industry standard for escape of water
Water damage claims in the construction sector could be significantly reduced if an industry standar...
Editor's comment
As I was in the process of putting the August edition to bed, the news was broken that direct insura...
FSA slaps fine on Hastings
The Financial Services Authority (FSA) has hit direct provider Hastings with a fine of £735,000 for ...
Square Mile broking
Many happy returns Dominic D'Inverno and David Garrad of Square Mile Broking One thing we were dre...
PB Week: The final slalom for the Olympic insurers
With the official opening of the Olympics next week, its insurer PICC Property Company (PICC) and its broker Marsh, still have many obstacles to negotiate if they are to avoid some potentially damaging claims, writes Katherine Brandon, reporter at…
Immediate action needed to address conflicts of interest law
British businesses need to move more quickly to ensure they comply with new laws governing directors’ conflicts of interest, UK law firm Dundas & Wilson has warned.
PB Week: Prince Andrew praises Plumeri’s opening
On Monday, Willis’ chief executive and chairman Joe Plumeri was accompanied by a high powered ensemble to open the Willis Building (again), writes Andrew Tjaardstra, editor, Professional Broking .
Aon comment on ‘toothless’ MoJ personal injury reforms
Comment by John Bell, head of claims at Aon Risk Services, on the Government's response to the consultation on case track limits and the claims process for personal injury claims.
MoJ decision means faster claims process says law firm
After a year of contemplation, the Ministry of Justice has finally published its response to the consultation on revisions to personal injury claims. The changes affect all personal injury litigation, uninsured loss recovery claims, credit hire and most…
Increased fraud by rogue intermediaries says survey
A survey carried out by law firm Pinsent Masons has revealed that the general insurance market feels concerned about the risk of fraud posed by intermediaries. It found that a third of respondents were unsure or felt that the systems and controls they…
Landmark respond to flood insurance cover deal with government
James Sherwood-Rogers, managing director of Landmark Legal & Financial, commented: “As flooding continues to hit the headlines, Friday’s news that insurers will offer cover for homes at moderate risk and to existing customers at significant risk from…
Biba and IIB liaise on transparency
As revealed by Insurance Age last month, the British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have confirmed that they are both keen to move forward with an industry initiative to address the regulatory concerns…
Environmental risk exposures hampered by lack of regulation says Ace
The effective management of environmental risks is being hampered by a lack of certainty about the impact of environmental liabilities and slow progress on international regulatory harmonisation, according to the latest research amongst senior risk…
Durham broker joins TBN
Langley Insurance Agents has joined the Broker Network as a full member.
Chaucer sell Pembroke to Ironshore
Chaucer Holdings, the specialist Lloyd’s insurer, has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m, subject to a £ for £ adjustment to the extent that net assets at completion differ from £0.5m.
The truth about disclosure
The German statesman, Konrad Adenauer, once said: "We all live under the same sky but we don't all h...
Acquisition fever on Lime Street
Lloyd's brokers
Claims handling - Jail awaits for poor claims handling
James MacNish and David Gilinsky run their eyes over the major innovations of the new Unfair Trading Regulations, which have consumer protection at the heart of a greatly expanded regulatory remit
Amending the complaints process
I have updated my complaints procedure as a result of November's compliance rule changes, though I have now heard that they are changing again. Is this correct and what is different?
Brokers told to prepare for FSA's next move or face enforcement
Brokers need to prepare themselves for the next bout of regulatory pressure from the Financial Servi...
Survey reveals consumer frustration in complaints management process
Complaints management has become the forgotten element of Treating Customers Fairly, a financial con...
Biba and IIB to join forces
The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers will team u...