Legislation
Russian liability law pushes up insurance costs
Stringent new legislation on the management and insurance of plants dealing in hazardous materials in Russia could have far-reaching consequences for companies operating in the region, according to Marsh.
Fitch Ratings gives referral fee ban its seal of approval
Fitch Ratings has approved measures to ban UK motor insurers from receiving any type of referral fees, saying represents a more meaningful step towards combating the rise in fraudulent claims.
Medical and legal professions bite back at report response
Medical and legal experts have hit back at industry criticism following the Transport Select Committee’s cost of motor insurance report, claiming that comments made in the aftermath of the report question the “integrity” of doctors.
Reliance on third parties for data Solvency II challenge
Reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were top of a list of challenges identified by European insurers in order for them to meet Solvency II requirements.
View from the top: Time for radical action on motor
Moving to a first-party system would fix many inherent problems and directly tackle inflated costs, says Andrew Torrance, Allianz Insurance.
Roundtable - Analytics: the true value of quality data
As investment in analytics increases, Post gathered a group of experts to debate the rise in the use of data in all areas of the insurance industry.
Pleural plaques: The definition of harm
It is now possible to seek compensation for pleural plaques in both Scotland and Northern Ireland, but not in England and Wales. How will this impact the insurance industry?
PM health and safety war does not go far enough, says Garwyn CEO
Liability loss adjuster Garwyn has stated Prime Minister David Cameron’s attack on health and safety does not tackle the compensation culture.
Russian plant firms face ten-fold premium rises after new law
Stringent new legislation relating to the management and insurance of plants dealing in hazardous materials in Russia is set to have far-reaching implications for companies operating in the country.
Apil president raises 'grave concerns' following PM's promise
The president of the Association of Personal Injury Lawyers fears that David Cameron’s vow to clamp down on the perceived UK compensation culture could leave workers exposed to unnecessary risk of injury.
Cameron to ‘kill off’ health and safety culture
Prime Minister David Cameron’s New Year’s resolution is “to kill off the health and safety culture for good”.
EC data protection regulations could generate opportunities for cyber insurers
Draft regulations from the European Commission on data protection will impose significant demands on businesses and could generate new opportunities for cyber insurers, according to law firm DAC Beachcroft.
Insurers to continue payouts for pleural plaques
Insurers remain committed to paying out on pleural plaques cases in Scotland and Northern Ireland, despite claims that the Damages Acts in both countries are “fundamentally flawed”.
Fleet risk management: Risk on the roads
With government statistics showing a 7% annual increase in road accident fatalities during Spring 2011, should brokers be working harder on fleet risk management?
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Equalisation reserve changes to impact insurers
Legislative changes to claims equalisation reserves will disadvantage insurers, a PwC analyst has warned.
Claims club: Claims teams must gear up to provide Solvency II documentation and evidence
Claims handlers are not exempt from the Solvency II requirements, according to Lloyd’s boss Luke Savage. The finance, risk management and operations director warned attendees that claims teams would have to ensure their documentation, technical provision…
Health & safety: A matter of interpretation
Health and safety reform is high on the government’s agenda, but is the problem with application rather than legislation?
Motor insurers set to share application data in suspected frauds – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as…
Fire protection sprinklers: The market needs saturating
Despite research showing sprinklers significantly reduce economic damage and environmental impact following major fires, hopes for mandatory legislation remain low.
Taiwan's insurers urged to stop lending securities for shorts
Taiwan’s regulators have urged insurers to stop lending securities to short sellers seeking to bolster equities after the Taiex Index slumped.
Employment tribunal reforms likely to stir controversy
This law report has been contributed by national law firm Berrymans Lace Mawer.
Professional indemnity poll result
Are brokers in Italy prepared for an upsurge in business?