Thursday, 17/1/2019 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Biba reveals campaigning themes in 2019 manifesto
    Biba reveals campaigning themes in 2019 manifesto

    Doc has 30 calls to motion and 26 commitments. The British Insurance coverage Brokers’ Affiliation (Biba) has unveiled its 2019 manifesto titled Dangers & Alternatives. The doc was launched immediately (15 January) within the Homes of Parliament to an viewers of ministers, MPs, Lords, senior authorities officers, insurance coverage professionals and the media. As in […]

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  • FOS consulting on close to doubling of levy
    FOS consulting on close to doubling of levy

    Ombudsman in search of 28% improve in revenue for 2019/20. The Monetary Ombudsman Service (FOS) has opened a session on growing its revenue for 2019/20 to £296.2m. This represents a 27.5% rise on the £232.3m revenue finances for the present monetary yr. The FOS famous that it was forecasting a 13% improve in new complaints […]

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  • FCA fines right down to £60.5m in 2018
    FCA fines right down to £60.5m in 2018

    Regulator’s annual complete falls from £229.5m in 2017. The Monetary Conduct Authority (FCA) dished out £60,467,212 in fines final yr. This was down considerably on 2017’s £229,515,303 complete. Nevertheless, the variety of penalties handed out truly rose – from 13 in 2017 to 15 in 2018. The primary driver of the discrepancy between the 2 […]

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  • FCA publishes new CMC guidelines
    FCA publishes new CMC guidelines

    The Monetary Conduct Authority (FCA) has revealed new guidelines that may apply to all claims administration corporations (CMCs) from April 2019. That’s when the watchdog shall be taking up the duty for regulating CMCs together with in Scotland the place they’re presently unregulated. From 1 April all CMCs serving clients in England, Scotland and Wales […]

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  • Insurance coverage within the firing line as CMA requires pricing intervention to be on the agenda
    Insurance coverage within the firing line as CMA requires pricing intervention to be on the agenda

    The Competitors and Markets Authority (CMA) has advised the Monetary Conduct Authority (FCA) to think about pricing intervention because it launched the findings of its investigation into 5 markets named and shamed in a super-complaint by Residents Recommendation. In October Residents Recommendation accused the family insurance coverage, money financial savings, mortgages, cell phone contracts and […]

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  • RSA Insurance coverage Eire fined €three.5m
    RSA Insurance coverage Eire fined €three.5m

    The Central Financial institution of Eire imposes the superb for regulatory breaches referring to giant loss claims and accounting irregularities. The Central Financial institution of Eire has reprimanded RSA Insurance coverage Eire and fined it €three.5m (£three.16m) on 18 December 2018. The Irish regulator listed the breaches between 2009 and 2013 as together with: Failure […]

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  • Name for proof on low cost fee setting welcomed
    Name for proof on low cost fee setting welcomed

    The Lord Chancellor has requested for specialists to contribute to a assessment of how the Ogden price is about with a last determination predicted by Might 2019 because the business hopes it might settle round 1%. The insurance coverage sector and legal professionals have welcomed the start of a evaluate course of into how the […]

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