Review self-regulation, don't scrap it.
The collapse of Independent Insurance has been followed by a wave of panic that this will be the nai...
The collapse of Independent Insurance has been followed by a wave ofpanic that this will be the nail in the coffin for self-regulation of the
general insurance industry. Many believe it is a forgone conclusion that
once Parliament reconvenes, the Government will initiate steps to bring in
the universally-feared statutory rulebook.
There is no doubt that regulation needs dramatic improvement. On this
occasion, regulation has failed in its fundamental duty to protect
consumers, or anyone else for
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