Politics
Government to make FCA and PRA more accountable
Following a review the government has published a number of recommendations to ensure the way the financial regulators make enforcement decisions continues to be fair, transparent and efficient.
Government sets March 2015 Budget date
Chancellor of the Exchequer George Osborne is to deliver the final Budget for the current parliament on 18 March 2015.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
North of the Border: The ramifications of Smith
Following the Scottish referendum, the UK government established the cross-party Smith Commission to make proposals for devolution of further powers to the Scottish Parliament. These recommendations, if implemented, will see yet further differences…
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Transport minister raises driverless car hacking concerns
The government is “mindful” of the threat posed by hackers to driverless vehicle technology and has suggested that future developments will require sophisticated encrypted protection.
Prospect of formal Quindell investigation raised in parliament
Pressure is mounting on embattled outsourcer Quindell after a former City minister posed a parliamentary question on whether the firm, its board and its advisers were being investigated or if any future probe was being considered.
ABI demands clarity on long-term flood defence plans
The Association of British Insurers has called for more information on flood defence spending to allay fears of repercussions impacting Flood Re.
Hertzell seeking wide range of industry experts for fraud taskforce
The government taskforce set up to tackle insurance fraud will include a small number of senior representatives from the wider insurance industry, Law Commissioner David Hertzell has confirmed.
Fraud taskforce encouraged to broaden scope beyond motor insurance
Hertzell will invite industry experts to contribute to the work
Pool Re-style cyber terrorism facility could stimulate the market for insurance
Cyber insurance concept raised at CFC Cyber Symposium
Fraud Focus: What will the taskforce do?
A new taskforce has been announced by the government, specifically looking at insurance fraud
Trade bodies fight for re-worded clauses to be restored to Insurance Bill
Biba and Airmic address House of Lords' committee in attempt to restore axed clauses
My Licence officially launches
The My Licence initiative has officially been launched by the Motor Insurers' Bureau and the Driver and Vehicle Licensing Agency.
Government open to concept of cyber risk pool
Cabinet Office minister Francis Maude MP has not ruled out the possibility of a Pool Re-type arrangement to cover cyber crime risk.
Axa picked as insurance expert for driverless cars project
Axa has been selected as part of two government-funded initiatives to pilot driverless cars in the UK.
Government lays out intention to attract more reinsurance business to UK
Government is to report on progress in attracting more reinsurance business to the UK at Budget 2015, according to today's Autumn Statement.
Apprentice employers to benefit from National Insurance cuts
Employer National Insurance contributions for apprentices below the age of 25 are to be abolished, Chancellor of the Exchequer George Osborne announced in today's Autumn Statement.
Biba outlines spending priorities ahead of Autumn Statement
The British Insurance Brokers' Association has set out its spending priorities for the forthcoming Autumn Statement highlighting apprenticeships, flood defence spending and Insurance Premium Tax relief on telematics products for young drivers as its…
ABI 2014 Motor Conference round-up
All the big stories from the ABI motor conference.
ABI boss Evans urges fraud task force to take on CMCs
The Association of British Insurers has joined member firms in welcoming the government’s decision to launch a fraud task force, but claimed it must tackle claims management companies if it is to be deemed a success.
C-suite - Broker: A bright new age for forecasting
A new Met Office supercomputer could provide more accurate models for insurers
CMCs face new regulation after MoJ sets up Hertzell-led fraud task force
The Law Commissioner David Hertzell, pictured, is to chair a new government fraud task force that could lead the way for greater regulation of claims management companies.