Legal
GDPR a real concern for brokers
Brokers urged to implement change now or risk heavy fines.
Broking break: Your Top Five
Deals, bribery offences, Arnold Schwarzenegger and Kanye West hit the headlines this week and make up the five most popular stories.
Lloyd's syndicates file counterclaim in Kanye West $10m insurance claim
Insurers file countersuit to rapper’s demand for payout for cancelled dates, saying it has found discrepancies in his medical history.
Ogden decision to be published on Thursday
The government's response follows the consultation on how the discount rate should be set in the future.
InsurTech Futures: Risk v Reward – how brokers can get the most from InsurTech
CMS partner Ian Stevens discusses opportunities and legal obligations for brokers in InsurTech.
Broking Break: Your top five of the week
A new Justice Secretary, advice on ruthlessness, the Ogden impact, an acquisition and a restructure top this week’s charts.
Broking Break: Your Top Five
A real spread of topics has captured the attention of brokers over the past week. Management reorganisations, opinion on Ogden, products, court cases and debt make up the list.
Gallagher versus Portsoken court case settled
Legal spat focused on confidential information from Agent Assure’s database and Dallas Kirkland business.
Blog: Comply with GDPR or risk a £17.5m fine
It’s one year until GDPR data regulations are fully in force. Data expert Steve Sands of Synectics Solutions explains what this means for brokers and urges them to act now.
ABI reveals its preferred new discount rate framework
Trade body calls for break from linking to one investment asset and that a panel of experts be brought together to help set future rates.
Horwich Farrelly closes claimant arm
Business confirms new strategy focusing on defendant work as it reports increase in annual turnover.
ABI supports shelving of whiplash reforms ahead of general election
Government opts not to force through prison reform Bill before 8 June.
Ghost broker sentenced to pay back £253,000
Fraudster made £253,000 from selling fraudulent car insurance policies to over 50 people in Bradford.
Brolly reveals new logo after dispute with Travelers
The insurance app was forced to redesign its umbrella logo following legal threats from the insurer.
Flaxmans and PKF Littlejohn team up on dispute resolution
Firms claim Crusader offering will “revolutionise” insurance and commercial dispute resolution.
Brightside sues former finance director Paul Chase-Gardener
Case relates to legal dispute between Brightside and its former auditors.
Chancellor and ABI chief issue joint statement on discount rate
ABI and fifteen insurance bosses involved in discussions in Downing Street.
PwC warns of motor rate hikes up to £1,000 after discount rate cut
Specialists note that SMEs will also be hit by increased rates.
ABI slams “crazy” decision to cut discount rate to minus 0.75%
Trade body warns that up to 36 million customers could face higher premiums after the decision.
Insurers hit as discount rate cut from 2.5% to minus 0.75%
The new rate will be effective 20 March 2017.
Insurer threatens broker Brolly over logo
Brolly is now set to crowdsource a new logo following the dispute.
Broking Break - Your Top Five
What insurer bosses had to say about their firm’s 2016 results, changes in technology and the Ogden rate, and a court case make up the top five.
Gallagher confirms suing former employee and Scottish broker
Case has been opened in Aberdeenshire.
Ombudsman investigates 4,683 CMC complaints
The Legal Ombudsman is marking two years of dealing with claims management companies.