Politics
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…
News analysis - regulation: anti-corrupution body calls on Government to show proper commitment to Bribery Act
The lowdown: The delay in implementation of the Bribery Act will not necessarily see a dilution of it
Young women drivers to pay more for insurance following EU ruling
The European Court of Justice ruling will bring to an end the use of gender in insurance pricing.
Insurance Age blog: FSCS - time to go to war?
So I ask, is it time for a court case? Has diplomacy failed and is it time to wield the big stick with a class action?
Biba lobbies Office of Fair Trading on PMI
The British Insurance Brokers' Association (Biba) has welcomed the Office of Fair Trading’s private healthcare scoping paper but urged it to address the activities of private medical insurance (PMI) companies.
Biba rallies brokers to lobby Parliament on FSCS fees
The British Insurance Brokers’ Association (Biba) has contacted members urging them to write to their Member of Parliament regarding the escalating cost of the Financial Services Compensation Scheme (FSCS).
Lord Sheikh returns to broker market
Conservative peer Lord Sheikh has launched insurance broker and underwriting agent Macmillan Sheikh.
Enterprise Rent-A-Car denies it wants brokers out of claims process
Enterprise Rent-A-Car has called for an amendment to the Road Traffic Act to ensure reporting of accidents to insurers, even in cases where the at-fault driver has admitted liability, is made mandatory.
Insurance Age blog: What's in a name?
Just when you had learnt what the CPMA stood for, the Government goes and changes the name of the new regulatory body tasked with keeping naughty brokers in check.
Biba reacts to Government consultation on new regulatory structure
The Government has opened its consultation on the future of financial regulation.
New broker regulator name changed to FCA
Financial Secretary Mark Hoban MP has announced the new regulator tasked with overseeing insurance intermediaries, previously known as the Consumer Protection and Market Authority (CPMA), will now be called the Financial Conduct Authority (FCA).