Regulation
Arc slams MoJ employment tribunal fees proposals
Arc Legal Assistance has called on the Ministry of Justice (MoJ) to rethink proposals to charge individuals fees of up to £2,000 or more to bring employment tribunal cases.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
FSA issues £2.8m fine for TCF breaches
The Financial Services Authority (FSA) has doled out a near £3m fine to an American insurer operating in the UK.
Ex-ABI man to head up new FSA department
Peter Vipond has been appointed as head of department, insurance sector and prudential support, at the Financial Services Authority (FSA).
ABI questions Ombudsman's publishing policy
The Association of British Insurers (ABI) has questioned the Ombudsman’s policy of publishing all its decisions.
Hiscox awarded chartered status
Hiscox has been awarded corporate chartered insurer status by the Chartered Insurance Institute (CII) for their London market business.
LEI providers challenged to manage conflicts of ABS
Arc Legal Assistance has challenged legal expenses providers intending to develop alternative business structures (ABS) to prove they can manage the “inherent conflicts” the situation throws up.
Nearly two-thirds of UK businesses hit by bad weather
Research conducted by Zurich has revealed that 64% of UK businesses have suffered disruption as a result of adverse weather.
FSCS makes senior board appointment
The Financial Services Authority (FSA) has appointed Paul Stockton as non-executive director to the board of the Financial Services Compensation Scheme (FSCS).
Market moves: Dave new world
For the first time in a long time Scotland had a relatively quiet month, although Glasgow welcomed a new Mitsui Sumitomo branch. The insurer also made a senior appointment in Manchester, which was quite a hub of activity in November, with Arista and MMA…
Reportage: And a happy new year?
A tough 2011 looks likely to be followed by another 12 months to forget, but there are some things to look forward to, writes Caitlin Morrison
RBSI firms forced to change "unfair" policy terms by FSA
RBS Insurance has been forced to change the terms of its pet policy after the regulator found that it contained “unfair terms”.
FSA costs top £1bn a year
The Financial Services Authority (FSA) has cost the UK’s financial sector over £1bn in the past year, according to experts.
Brokers warned of rise in fraud after FSA bans broker
Brokers have been warned to ensure that proper internal controls are in place to tackle a rise in simple but potentially business-threatening fraud.
Insurance Age blog: fighting the threat of regulation
Well we've chalked off yet another Broker Expo and again it attracted a record number of brokers - over 750 made the journey to Coventry this year.
Broker Expo: Referral fee ban will be the 'next scandal'
The proposed ban on referral fees will be a good thing, but has the potential to damage public perception of the insurance industry, according to a panel discussion at the 2011 Broker Expo, hosted by Insurance Age.
Broker Expo: Delegates warned that tougher FSA is already here
Brokers have been warned that the Financial Services Authority’s (FSA) long-promised new intrusive approach is already here and that it is not “pussyfooting around anymore”.
Editor’s letter - November 2011
“Having one trade body will only help convince those in power this is a serious industry, united in its desire for fair representation”
Sentiment Survey Autumn 2011
The latest Sentiment Survey indicates that dual pricing is still a concern for brokers and commercial is lagging behind personal lines in terms of rising premiums
Market moves: welcome home
October saw a lot of business development action with insurers chasing brokers and brokers chasing clients in the static UK economy. While there were numerous appointments across the board, as seems to have been the case throughout 2012, Scotland and the…
Biba and IIB merger goes ahead
Trade bodies promise stronger representation as merger is finally completed
Reportage: LEI’s future in the balance
Legal expenses insurance faces an uncertain future but commercial could provide a lucrative new market, reports Louise Meeson
Brokers demand big changes in FSCS review
Trade body prepares to lobby FSA to get brokers a better deal in review of compensation scheme
Disturbing lack of faith
The centuries old principle of uberrima fides, or acting in good faith, has disappeared in non-business insurance, and the industry only has itself to blame, writes Tony Cornell