Politics
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
Sajid Javid to keep ‘insurance minister’ role
Former Economic Secretary to the Treasury Sajid Javid will maintain his financial services portfolio in his new role as Financial Secretary, Post understands.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
Three insurance clients of rogue private eyes investigated by ICO
The Information Commissioner’s Office has asked the Commons Home Affairs select committee not to publish the names of 19 clients of rogue private eyes that it is investigating.
ABI calls on government for action on young driver safety
The Association of British Insurers has warned that Government stalling on its promise to improve young driver safety.
Fraud: Breaking the habit
From holidaymakers to corporates, exaggerating or fabricating an insurance claim could become common practice – so what can insurers do to combat this culture By Ruth Lawrence
Legal Update: Fraud: Following Irish fraud law could help UK insurers fight fabricated claims
Sarah Hill looks at the legal issues affecting insurers’ battle against fraud, including the Irish approach to ‘tainted’ claims and the incoming regulation of private investigators
C-Suite: Rewriting the law on fraud
Looking to France may help bring down claim numbers and prevent fraudsters escaping detection, says John O'Roarke.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
UKIP unveils visa insurance policy
UKIP plans visa insurance to curb 'health tourism' The UK Independence Party has called for migrants from outside the EU to be required to provide evidence of medical insurance before entering the UK.
UKIP plans visa insurance to curb 'health tourism'
The UK Independence Party has called for migrants from outside the EU to be required to provide evidence of medical insurance before entering the UK.
APPG calls for mixed properties to be included in Flood Re
The All Party Parliamentary Group on Insurance and Financial Services has called for residential homes which are used as commercial premises to be covered under the government’s proposed Flood Re scheme.
IUA urges renewal of US’ Terrorism Insurance Act
The International Underwriting Association has warned underwriting terrorism insurance without a US government backstop is a gamble that could create to economic uncertainty.
Select Committee delays Soca list release
The Home Affairs Select Committee has agreed to delay the publication of the so-called Soca list until after 8 October to avoid interfering with the Information Commissioner’s own investigation into the blue-chip firms who used rogue private…
DAS reports lack of interest in 'rights for shares' scheme
Legal challenges relating to legislation that enables employees to sacrifice certain employment rights in return for company shares are expected to increase in the long-term, despite a limited take-up in the scheme so far.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Insurance and legal clients of rogue investigators to be revealed
The Home Affairs Select Committee will publish the names of rogue private investigators’ clients if the Serious Organised Crime Agency does not publically reveal the identity of the firms by Monday.
ICO to investigate firms who hired rogue PIs
The Information Commissioner’s Office has launched an investigation into the blue-chip companies accused of hiring rogue private investigators.
Cable’s accountability plans increase D&O brokers risk management role
Brokers selling directors’ and officers’ policies could be called upon to ‘plug the gap’ between policyholder expectations and insurance cover following tough new government proposals aimed at increasing the responsibility of company executives.
Prisoners paid to gather insurance details
Prisoners are being paid to gather insurance details and other other personal details as part of market research for insurance companies, the BBC has reported.
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
Liverpool firm first to get private investigators' standard
A Liverpool-based private investigation firm is the first to achieve accreditation under a new corporate standard for the industry.