Regulation
Market moves: Team players and fresh faces
They say a problem shared is a problem halved. And the same, elusive “they” also say that many hands make light work. Clearly the insurance community has been spending a lot of time with “they” as teamwork has been the buzz phrase in this month’s…
Groupama chief slams legal profession over referral fees
The chief executive of Groupama Insurances has blasted the “lobbying power” of the legal profession in preventing the introduction of an outright ban on the use of referral fees.
Insurance Age blog: Insurance isn't the problem says Galbraith
In a special guest blog, chief executive of the British Insurance Brokers' Association, Eric Galbraith, argues that the industry needs to work together to improve public perception.
Brokers must take heed of Bank of Scotland fine
Brokers have been urged to examine their own complaints procedures following the Bank of Scotland being dealt a £3.5m fine by the Financial Services Authority (FSA) for mishandling complaints.
Consumers urged to avoid claims managment companies in PPI cases
Consumers could lose out on over £2bn in payment protection insurance (PPI) redress by going to claims management companies according to consumer protection body, Which?
Trade bodies hail TV campaign to tackle uninsured driving
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have welcomed the launch of a television campaign to tackle uninsured driving.
Regulators reveal PRA approach
The Bank of England and the Financial Services Authority (FSA) have published a joint paper setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach regulation.
Conference may hold long term PPI answers
Tomorrow’s conference on banking regulation may provide some much needed clarity on the future handling of payment protection insurance (PPI) complaints, according to Paul Clark, CEO of Charter UK.
FOS receives record-breaking number of PPI complaints
The Financial Ombudsman Service (FOS) has published its annual review covering the 2010/11 financial year.
New Bill puts responsibility for securing risk info on insurers
The onus of responsibility to provide all relevant information regarding a risk has shifted from the customer to the insurer following the introduction of a new Bill.
Biba 2011: Video – Biba Today: regulatory reform - views from Biba 2011
As the British Insurance Brokers' Association conference enters its second day, Post and Insurance Age catch up with delegates after a night of festivities in Manchester.
Biba 2011: Trade bodies must work together, says Homer
Insurance industry trade bodies need to join forces to solve the problems surrounding the handling of client money, according to Towergate's Andy Homer.
Biba 2011: Biba/IIB merger could drive regulatory change
The proposed merger of the British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) will give the broking industry “one strong voice”.
Biba 2011: Galbraith calls for "proportionate" regulation of brokers
Eric Galbraith has called on HM Treasury and the new Financial Conduct Authority to work together towards delivering the right regulation for insurance brokers.
Biba and IIB confirm merger discussions
The British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have confirmed they are in formal merger discussions with an aim to complete them by the end of the year.
Customers may eventually bear brunt of PPI compensation
The decision by the banking sector not to appeal against the recent payment protection insurance (PPI) ruling may not be all good news for consumers it has emerged.
Calls for banks to settle PPI claims swiftly
The Financial Services Authority (FSA) has welcomed the decision by the British Bankers’ Association (BBA) and Nemo Personal Finance (Nemo) to accept the High Court’s dismissal of their legal challenge to the FSA’s payment protection insurance (PPI)…
Banks' PPI decision could be bad news for brokers
The banking industry's decision to abandon its appeal against the High Court's judgment on the mis-selling of payment protection insurance (PPI) could lead to a further flood of claims.
Banks abandon PPI appeal
The British Bankers' Association (BBA) will not appeal the High Court judgment on the mis-selling of payment protection insurance (PPI).
FSCS pledges to target insurers in the wake of High Court PPI ruling
The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle…
FSA fines set to treble, brokers warned
Two new regulators formed from splitting the FSA could compete to set the highest fines
Polly C – the hottest insurance gossip
Polly’s attention has been drawn to a tricky situation facing brokers and their insurer accounts.
Ruling forces rethink over ash cloud payouts
Ombudsman rules that insurers remain liable for payouts to passengers left stranded by ash cloud
Reportage: what is there to be afraid of?
The shake-up of the regulatory regime has got the industry in a sweat, fearing the wounded beast may put it under unwarranted scrutiny. Edward Murray looks at what it means for brokers