Regulation
IIB kicks up a storm on FSA non-execs' duty
The Institute of Insurance Brokers has accused the regulator of "intercepting letters", on issues from the body and failing to pass them on to non-executive directors.
Firm takes on worldwide focus
Business process outsourcing company Xchanging has acquired an immigration services company in order...
Handle with care
Legal Report
The 100 years law
Legal Report
Buncefield second hearing date named
Legal Report
Commentary - A question of proportionate costs
A mediated settlement was reached in Pask v McNicholas Construction Services (2006) of £682,000 plus...
Football kits competition - Start the season in Style with the CIS
Co-operative Insurance has been involved in an extensive Grassroots Football Programme over the past...
Appointment at Markel International
Markel International has appointed Fiona Ross as pricing actuary, specialty division. Ms Ross will b...
Regulate to steal a march on competition
I challenge anyone to say that regulation isn't good. In our industry it's good for underwriters and...
Contractual structure fails to exclude duty of care in tort
Riyad Bank v Ahli United Bank (Court of Appeal - 13 June 2006)
Claims regulation to boss 120 firms
Only 120 firms are likely to seek regulatory authorisation under the Compensation Act, in marked con...
Quanta credit default looms on 11th August
Troubled Bermudian (re)insurer Quanta Holdings has reported financial results for the second quarter showing falling book value, a net loss of $42.9m and a looming credit default triggered by the company’s downgrading by rating agency, AM Best.
Government launches travel insurance inquiry
The Economic Secretary to the Treasury, Ed Balls, today announced a new inquiry into the sale of travel insurance purchased as part of a package.
Universal re-signs GM contract
Car manufacturer General Motors has re-signed a three year contract (with a two year extension option clause) with Universal Vehicle Services, for its vehicle salvage and contentious vehicle disposal management in the UK.
Law review moves to the next stage
The Law Commission will release the first of its discussion issues papers into insurance contract la...
FSPP final call
The Financial Services Practitioner Panel has issued a final call for completed questionnaires to al...
FSA goodwill position to stay
The FSA is highly unlikely to reverse its position on goodwill and capital requirements for brokers ...
Marsh pushing for BI clause removal
Broker Marsh is pushing insurers to remove depreciation clauses in property business interruption po...
MIB counter-claim over payment
Horton v Sadler (House of Lords - 14 June 2006)
As clean as a whistle-blower
Lynn Brewer describes her decision to blow the whistle on corruption at Enron as simply "the right thing to do" but, as she explains to Ralph Savage, the difficulty is in getting people to listen
Football kits competition
Start the season in Style with the CIS
FSA highlights broker complaint concerns
Some brokers stretch out customers' complaints for nearly a year before informing them of their righ...
Mondial supports Which? regulation demands
Travel insurance provider Mondial has said it supports the call for industry standardisation following the findings of the recent Which? consumer report.
Financial promotions: Good progress overall but firms must do more
The Financial Services Authority (FSA) today published a report detailing its financial promotions work over the last two years, including an evaluation of industry progress and an outline of future plans in this area.