Politics
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: 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.
Editor’s letter – May 2011
Judging by our reportage on regulation, the powers that be in Whitehall have no intention of relieving the pressure on brokers. This is despite the fact that the British Insurance Brokers’ Association (Biba) commissioned independent research that found…
Polly C – the hottest insurance gossip
Polly’s attention has been drawn to a tricky situation facing brokers and their insurer accounts.
Insurance Age blog: Calm down dear?
David Cameron shocked the Commons at Prime Minister's Question Time this week when he shouted "Calm down dear" to shadow Treasury chief secretary, Labour MP Angela Eagle.
Sharp rise in staff exiting FSA
The number of staff leaving the Financial Services Authority (FSA) over the past year has nearly doubled as it prepares for its 2012 overhaul.
Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than four weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss the issues which are likely to come to the fore in…
ABI warns against duplication in regulatory reform
The Association of British Insurers (ABI) has called for transparent and accountable co-ordination between the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
Biba launches FSCS petition to prompt Treasury review
The British Insurance Brokers’ Association (Biba) has launched a petition of its members on the Financial Services Compensation Scheme (FSCS) to be tabled in the House of Commons by an MP.
Management – Employment law: know their rights
With a host of changes to employment law coming into effect, employers need to ensure they are up to date with their legal responsibilities, says Peter Done.
Regulation costs three times more in UK than rest of EU
The British Insurance Brokers’ Association (Biba) has made the first real attempt since regulation was first applied to general insurance brokers to quantify just what it costs for brokers to remain compliant.
Competition Commission lays down rules over sale of PPI
The Competition Commission (CC) has published a list of requirements relating to the sale of payment protection insurance (PPI) in a bid to remedy the point of sale issues that have dogged he sector.
Few early surprises in Chancellor’s 2011 Budget
Chancellor George Osborne has delivered his ‘Budget for growth’ which at first glance appeared to hold no nasty surprises for brokers.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.
Ecclesiastical wins dog walker case
Ecclesiastical has hailed its success in a recent court case with a dog walker who sued after slipping when walking dogs on grass as a “victory for common sense”.
FSA to cap headcount as it prepares for restructure
The Financial Services Authority (FSA) has published its business plan setting out the priorities for 2011/12 and implications for its budget.
Road safety minister addresses Biba parliamentary reception
The Government is to open up data held by the DVLA in an effort to combat motor fraud, road safety minister, Mike Penning told delegates at a parliamentary reception hosted by the British Insurance Brokers’ Association.
Groupama backs calls to abolish referral fees
Groupama Insurances has lent its support to demands for the complete abolition of referral fees for personal injury claims.
ABI calls for ban on referral fees
The Association of British Insurers (ABI) has responded to the publication of the House of Commons Transport Committee report into the cost of motor insurance, labelling it a missed opportunity.
Biba supports motor insurance report
The British Insurance Brokers' Association (Biba) has welcomed the Transport Select Committee's report into the cost of motor insurance.
ABI appoints Aegon UK boss as new director general
The Association of British Insurers (ABI) has appointed Otto Thoresen as its new director general. Mr Thoresen takes up the role on April 4 and will be based in London.
News analysis - regulation: increasingly oppressive FSCS costs could hamper recruitmentConcern that jobs may be lost as brokers struggle to foot rising bill
The recent increase of over 50% in the Financial Services Compensation Scheme (FSCS) levy for brokers has raised fears that it could cause redundancies in the industry.
Reportage - SME: SMEs under the regulatory spotlight
The risks that the SME sector faces on a daily basis have increased significantly over the past 10 years. Rising regulation and an increasingly litigious society mean that such businesses are facing an ever-growing rate of claims often not covered by the…