Politics
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
Pointing the finger
What exactly does the FSA do to warrant all the cash it takes from brokers and tax payers? Our anonymous columnist would love to find out
Aviva’s Matthews appointed to government commission
Trevor Matthews, chief executive officer for Aviva UK has been appointed to the Department for Business, Innovation and Skill’s UK Commission for Employment and Skills.
ABS deadline delayed
The 6 October deadline for licensing alternative business structures (ABS) has been delayed until 2012 Insurance Age’s sister title Post has revealed.
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
Insurance Age blog: Where did the culture of compensation come from?
When Axa came out and sang from the roof tops about its decision to ban referral fees, it labelled the move "a first step in a journey to reform the emerging compensation culture which it claimed was spiralling out of control".
Cost of motor insurance inquiry re-opened
The Transport Committee has agreed to re-open its inquiry into the cost of motor insurance, in the light of further concerns about the rising cost of premiums.
ECJ ruling will only apply to new contracts
The Treasury has confirmed the ban on the use of gender in underwriting will not affect policies taken out before 21 December 2012.
AMII not letting claims transparency issue drop
The chairman of the Association of Medical Insurance Intermediaries (AMII) has promised that the Association will continue to pursue a resolution to the thorny issue of claims transparency.
Lack of resources could hinder Bribery Act
As the 2010 Bribery Act comes into force on the 1 July, anti-corruption watchdog Transparency International UK has warned that its enforcement could be undermined by a lack of resource.
Solicitor responds to Jack Straw on referral fees
Des Collins, senior partner of Collins Solicitors, has welcomed Jack Straw’s comments on the need to clamp down on claims management companies and ban referral fees.
Jack Straw attacks referral fee system
Former Secretary of State for Justice, Jack Straw MP, has called for referral fees to be banned in an article published in The Times.
FSCS adds journalist to board
The Financial Services Authority has appointed Liz Barclay, David Weymouth and Jayne Nickalls as non-executive directors to the board of the Financial Services Compensation Scheme (FSCS).
Continuous Insurance Enforcement commences
The Continuous Insurance Enforcement (CIE) legislation has come into force meaning warning letters will be sent to the registered keepers of uninsured vehicles.
Government takes next step in reform of FSA
The government has published its financial regulation White Paper and draft Bill. These provide further detail on its proposed reforms to the financial regulatory regime within the UK.
FSA grilled over delayed FSCS review
The All Party Group on Insurance and Financial Services has expressed its disappointment that the regulator could miss the deadline for its review of the Financial Services Compensation Scheme (FSCS).
New product intervention approach could result in firm TCF rules
The Financial Services Authority (FSA) has revealed its intention to create a single set of rules for product intervention which could involve making all TCF material statutory.
Amii conference to question future role of PMI
The Association of Medical Insurance Intermediaries (Amii) has announced the theme of “Hearts and Minds” for its 2011 exhibition and conference.
Biba’s 7000 strong FSCS petition delivered to MPs
The British Insurance Brokers' Association (Biba) has presented its Financial Services Compensation Scheme (FSCS) petition of nearly 7000 member signatures to Jonathan Evans MP at the House of Commons.
FSA spends £763k on delayed FSCS review
The Financial Services Authority (FSA) spent £763,000 on a review of the Financial Services Compensation Scheme (FSCS) only to then shelve it in 2010, Insurance Age has learnt.
Industry reacts to referral fee report
Lawyers and insurers have slammed the recommendation by the Legal Services Board (LSB) to retain referral fees in the personal injury marketplace.
Biba welcomes government move on signposting
The British Insurance Brokers’ Association (Biba) has given its support to the government’s signposting proposals adding it believed they will maximise the likelihood of older customers finding insurance.
Debating the mid-corporate commercial market
If you missed the recent live webinar debating the mid-corporate commercial market - it is now available for viewing on-demand.
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.