Regulation
Chubb warns new fit note will not create "duty of care"
The insurer said the new Government scheme could potentially raise some questions with regards to employer’s insurance liability in the event of a claim from an employee
Reportage: Decisions,decisions
Giving policyholders freedom of choice to select which lawyer handles their BTE claim sounds positive, however Paul Jacobs argues that it could do more harm than good for the legal expenses market
The Jackson Review of civil litigation costs
Lord Justice Jackson's final Review of Civil Litigation Costs report was published on 14 January 2010, following a preliminary report in May 2009.
The Ministry of Justice reforms
The Ministry of Justice reforms for low value road traffic accident personal injury claims, valued between £1,000 and £10,000, are due to be implemented on 30 April. The live date was deferred from 6 April.
Reportage: The legal expenses landscape
Louise Meeson asks what is on the horizon for the legal expenses sector following the implementation of the Ministry of Justice reforms and explores the implications of the Jackson proposals.
Editor's comment
At first glance, the Budget should be a definite positive for brokers.
Insurers considered irrelevant in MMC and fire risk debate
Experts have warned that obtaining cover for buildings using modern methods of construction (MMC) could become increasingly difficult after insurers were prevented from taking part in a London Assembly planning committee meeting.
Motor law tweaks to allow e-certificate distribution
Legislative changes allowing brokers to distribute motor insurance certificates to customers electronically should be in force by the end of April.
FSA consumer strategy bolstered as enforcement fines set to soar
The Financial Services Authority (FSA) has unveiled a new "confrontational" supervision strategy following the revelation that fines could treble in size.
FSCS levies set: brokers stung by higher than expected £61m
The Financial Services Compensation Scheme (FSCS) has set the 2010/11 general levy at £148m with brokers being hit by more than £60m of that.
Hung parliament could stifle economic green shoots
Brokers have been warned that the lack of a clear winner in the UK's forthcoming general election is the biggest threat to the green shoots of economic recovery.
Admiral denies watchdog's race discrimination allegations
The insurance industry has come under the microscope following allegations that Admiral breached race discrimination laws.
Brokers cautioned to take note of fixed-premium IPT exception
Despite the Chancellor's u-turn on the imposition of IPT on intermediary fees, brokers have been warned that they may still apply to add on policies such as legal expenses and breakdown cover.
The UK history of Quinn Insurance
Following an application by the Irish Financial Regulator, the High Court has appointed joint provisional administrators to Quinn Insurance.
Could Quinn downfall trigger a hard market?
The Irish Financial Regulator's decision to stop Quinn Insurance writing new business in the UK could kick-start a return to a hard market, industry experts have claimed.
SME plans fail to impress
The 2010 Budget proposals to ease the burden for small to medium-sized enterprises (SMEs) have received a lukewarm reception from the business community.
RPC raises concern over FSA discount on mounting fines
The Financial Services Authority (FSA) has smashed its record fines for last year by 21%, handing down £33.1m in fines, according to Reynolds Porter Chamberlain (RPC)
Quinn Insurance enters administration
The High Court has this morning appointed provisional administrators to Quinn Insurance, owner of Quinn Direct and Quinn Healthcare, on an application by the Financial Regulator
Interim FSCS levy scrapped but £61m PPI burden on brokers remains
The Financial Services Compensation Scheme (FSCS) has set the 2010/11 general levy at £148m.
Budget 2010: SMEs not satisfied with Darling's proposals
More than nine out of ten small to medium enterprises (SMEs) were left disappointed by this week’s Budget, a snap poll has revealed
FSA publishes rules on adviser charging
The Financial Services Authority (FSA) has today (26 March) published new rules that aim to "remove commission bias" from the sale of retail investment products and boost consumer confidence.
Budget 2010: IPT broker burden reduced
Biba and the IIB have both expressed satisfaction following the publication in today's Budget of the final legislation extending the scope of Insurance Premium Tax (IPT).