Legislation
Exclusive legislation content now available on Post Europe
Post Europe’s weekly update is now live with a look at the impact US extra-jurisdictional sanctions have on European insurance and a View from the Top on the general equality legislation threatening the market.
Exclusive legislation content now available
Insurance Insight’s weekly update is now live with a look at the impact US extra-jurisdictional sanctions have on European insurance and a View from the Top on the general equality legislation threatening the market.
Post Europe: The ‘Long Arm’ of the law
European regulation on insurers and brokers complying with extra-jurisdictional sanctions from the US are clear and yet firms continue to uphold the Office of Foreign Assets Control sanctions list when dealing with US firms. Christian Taylor and Richard…
Post Europe: View from the Top: When is equality not equality?
At a time when the global economy is still in a fragile state of recovery, we increasingly find ourselves beset by challenges of both a political and regulatory nature.
View from the Top: When is equality not equality?
At a time when the global economy is still in a fragile state of recovery, we increasingly find ourselves beset by challenges of both a political and regulatory nature.
Legal update - NHS recvoery scheme: Getting cash back
New tariffs introduced this year for the Injury Cost Recovery scheme have the potential to impact insurers. Peter Forshaw examines fears that the scheme may be extended further.
Postscript - 30 years ago: Insurers look forward to £50m saving
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Editor's comment: Don't count your turkeys
Insurers received an early Christmas present last month, when the government appeared to give firm backing to Lord Justice Jackson's recommendations on combating disproportionate civil litigation costs. The ministerial foreword to its consultation…
Warning over reserves as retirement age rises
Insurers have been urged to review their reserve levels, as the proposed abolition of the retirement age could see claimants seeking increased compensation in personal injury cases.
ABI backs Law Commission plans for consumer legislation
Law Commission proposals to update consumer insurance legislation for the first time in more than a century have gained the backing of the Association of British Insurers.
Legal review of the year: Less doing more
Consolidation among insurance law firms was the hot topic for 2010, as they try to meet insurers' demands. Veronica Cowan reports on an interesting year.
Interview - Bart de Smet: Return to fitness
Despite being one of the most high-profile casualties of the financial crisis, Ageas is now focusing on the future rather than the past. Jonathan Swift meets group CEO Bart De Smet to discuss its UK plans, acquisitions and why big is not necessarily…
DWF warns insurers over rise in cross-border claims
Law firm DWF has launched an international claims team in response to a 50% rise in queries on cross-border claims from insurers over the past 18 months.
Interview - Tim Oliver: The capacity for flux
Incoming president of the Forum of Insurance Lawyers Tim Oliver tells Mairi MacDonald how the organisation plans to adapt to a changing legal environment over the coming 12 months.
Legal update - Bribery Act: Cleaning up
Euros Jones examines the implications of the Bribery Act 2010 for companies and senior officers, especially in the context of directors' and officers' insurance cover.
Personal injury - Culture change: Care, not cash
A perceptual shift must occur within the industry as well as across the public and the legal profession to replace cash in personal injury claims with care, argues Andrew Pemberton. Without it, the UK will struggle to escape the blame-and-claim culture…
Industry relief as plans to reform VAT exemption dropped
The European Union's decision to drop its planned reform of the Europe-wide VAT exemption of insurance and other financial services should be a relief to UK insurers and brokers.
Ceiops' IMD delay raises hopes over review outcome
The five-month delay of the Committee of European Insurance and Occupational Pensions Supervisors' submission to the European Commission on the revision of the Insurance Mediation Directive demonstrates the complexity of opinion on the subject, according…
Personal injury - Government reform: How far will they go?
With Lord Jackson's and Lord Young's reports both being delivered in close succession, the question is now whether or not the government has the appetite to deliver change to the personal injury space with some or all of the recommendations being…
Environmental liability - Toxic sludge: No fudge over sludge
The recent high profile toxic sludge incident in Hungary has been described as a 'tragedy' by the country's government. Ralph Savage reports how experts from the rural insurance and legal communities and further afield are assessing the situation.
ECJ ruling delivers blowover outsourcing VAT costs
VAT experts have predicted insurance companies could be liable for increased costs, after being dealt a blow by the European Court of Justice.
Comment - Competition commission: Devising the solution
The Competition Commission has delivered its final verdict on the UK payment protection insurance market. Martin Jenns reports on the result, what this means for the sector and how it can move forward.
Coverholders - Client money: Keeping it separate
Proper segregation of client money is a burning issue at the Financial Services Authority. Ben Hobby looks at what coverholders and their underwriters can do to make sure a clients' money is held correctly.
News analysis - Lord Young report: Sense of anticipation
David Smith gives an insurer's view of Lord Young's report, and finds there is a great deal that the public and private sectors can unite behind.