Regulation
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
Ratings downgrades may spark client flight to quality
With the number of ratings warnings increasing across the industry, brokers need to keep an eye out
Blood on the boardroom floor
What role did regulation play in the sacking of the entire Swinton executive board?
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).