Legislation
Arc Legal extends landlord legal defence cover
Provider said the Homes (Fitness for Human Habitation) Act means landlords now require cover for civil or criminal prosecution.
Blog: Is insurance picking up the bill for outdated building regulations?
Alison Whittington, head of housing at Zurich, discusses the hazards of modern properties and how insurers are getting involved.
Nearly half of brokers unaware of SMCR, research finds
Senior Management and Certification Regime (SMCR) will apply to insurance intermediaries from 9 December 2019.
FCA updates no deal Brexit guidance
EEA firms passporting into the UK must apply to the temporary permissions regime by 30 October.
ABI revises criminal convictions guide
The guide has been updated in line with regulation and market practice.
MOJ defends discount rate decision
The government hits back at criticism from the ABI pointing out a rate of between 0-1% was never guaranteed.
Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
Government reveals recalculated Ogden rate
The increase is not as generous as many had expected.
The Blog Spot: First impressions
Commissioning editor Laurence Eastham reflects on his first month in the insurance industry.
Claimant lawyers hit out at government’s discount rate reform
Lawyers say the legislation will “severely impact the seriously injured” after Civil Liability Bill is introduced in the House of Lords.
Insurance industry welcomes Ogden rate reform
Industry players expect new Civil Liability Bill to lead to a positive discount rate with some predicting a rate of between 0-1%.
Discount rate reform unveiled by the government
Justice Secretary David Gauke to introduce the Civil Liability Bill, which includes changes to how the Ogden rate is set.
Opinion: David Sparkes on why delaying the Insurance Distribution Directive is a good thing
Delays are not often welcome, but in the case of implementing the Insurance Distribution Directive it’s the best possible outcome, explains David Sparkes
GDPR a real concern for brokers
Brokers urged to implement change now or risk heavy fines.
Insurers could be hit with £100m GDPR bill
Brokers urged to seek consent from customers and a put plan in place.
Quizzical questions: 8 September 2017
Test your knowledge of the week's news with our topical quiz.
Industry welcomes Ogden rate reform proposals
Biba calls for speedy implementation of proposals.
The Blog Spot: Brokers beware worldwide cyber-crime has overtaken the drug trade
One data breach could cause huge reputational damage for a broker, what steps are you taking to protect your clients’ data?
Convoy of 'self-driving' lorries to be tested on UK roads next year
Axa says "driverless" lorries could save haulage industry £34bn over 10 years, following the government's pledge to spend £8.1m towards trials.
ABI slams “unnecessary, unworkable and unfair” motor ruling
ABI warns that owners of vehicles like golf buggies and motorised lawnmowers could be forced to take out third party insurance unless the European Commission takes action.
Quizzical questions: 28 July 2017
Test your knowledge of the week's news with our topical quiz.
Ogden: Brokers and insurers want discount rate of betwen 0 - 1%
Poll suggests two thirds think the rate should settle at between 0 - 1%.
Broking Break - Your Top Five
Queen's Speech, FCA probe on travel insurance for cancer patients, Admiral's renewal handling failures, launch of new MGA incubator and details of new CII qualification make up your top five stories of the week.
Brokers welcome arrival of new FCA GI director Keith Jackson
Jackson has insurer and broking experience at Aviva, Towergate and more recently Aon.