Regulation
Ex-Groupama claims chief appointed as IFB director
Phil Bird has been appointed full-time director of the Insurance Fraud Bureau (IFB) on a six month secondment.
Jack Straw to "push on" with motor reform
Jack Straw has vowed to fight on in his bid to reform the UK motor insurance market despite his Motor Insurance Regulation Bill hitting the wall.
Jubilee calls for clarification on PPI
Jubilee has called upon government and regulator to address the uncertainty surrounding regulation of payment protection insurance (PPI) in order to let the industry grow.
RBSI firms fined £2.17m over complaints tampering
Direct Line and Churchill have been hit with a £2.17m fine by the Financial Services Authority (FSA).
Jack Straw warns of regulatory threat facing motor insurers
Jack Straw has called on the industry, particularly insurers, to do much more to reform the private motor market or face further government intervention.
PPI complaints soar by 57%
The Financial Ombudsman Services (FOS) has revealed that the number of payment protection insurance (PPI) cases it received increased to 30,301 in the final three months of 2011.
Biba welcomes Treasury FCA report
The British Insurance Brokers’ Association (Biba) has welcomed the Treasury Select Committee’s report on the Financial Conduct Authority (FCA).
Ireland's Injuries Board sets good example
The UK should look to Ireland for a lesson on tackling the problem of increasing insurance premiums, according to Catherine Barton, partner in the insurance team at Ernst & Young.
Treasury aims to tackle aloof nature and expense of regulator
The Financial Services Authority (FSA) is too expensive, aloof and bureaucratic and does not protect consumers from regulatory failure.
Biba commits to regulatory focus for 2012
The British Insurance Brokers’ Association (Biba) has revealed that its main focus for 2012 will be achieving appropriate, proportionate and cost effective regulation for its members.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Hoban calls on insurance industry to face long term challenges
Mark Hoban MP has warned that the insurance industry must be careful to avoid becoming “absorbed by the short term challenges” it faces and be more aware of the long term difficulties.
FSA goes for former Zurich chief as new FSCS chairman
The Financial Services Authority (FSA) has appointed a new chairman of the board of the Financial Services Compensation Scheme (FSCS).
FOS proposes changes to case fee structure
The Financial Ombudsman Service (FOS) has launched a consultation aimed at changing its case fee structure.
Taxman punishes SMEs while indulging big business
The Forum of Private Business has accused HMRC of indulging in the “harassment and mistreatment” of small business while arranging “sweetheart deals” with large companies.
Cameron's attack on H&S culture challenged by legal sector
David Cameron has vowed to “wage war” against the health and safety culture in Britain.
Biba offers sanction checking facility to members
The British Insurance Brokers’ Association (Biba) has launched a sanctions checking facility to help members comply with their obligations under the Terrorism Act and the Financial Services Authority’s (FSA) financial crime requirements.
Equity dodges £1m fine as it receives censure from Lloyd's
Equity Syndicate Management, the managing agent of Syndicate 218, has been censured by the Lloyd’s Enforcement Board regarding deficiencies in its reserving that saw the Lloyd’s player require a £311m injection from parent company Insurance Australia…
Editor’s letter - January 2012
“The number of executives… that were dispatched in the last few of months of 2011 is staggering”
Government brings ABI young driver proposals to a full stop
Road safety minister rejects ABI proposals to place restrictions on new and young drivers
Market moves: restructures and resignations
The blood is well and truly covering the floor this month with three high profile departures and the sacking of an entire board. But there was better news for one of their peers who has found his way back into the market in double quick time. What has…
A fresh start
The New Year is a great time to set some personal resolutions and a perfect opportunity to set some SMART objectives for your business, writes Deborah Windermere
Give and take
When does giving or receiving gifts or hospitality become bribery? Jill Hambley explains