News, reports and opinion from the UK and Global insurance marketplaces
Perhaps we should start by recognising that airing such disputes so publicly will undoubtedly shine an unfavourable light on our profession and on the insurance market as a whole and that this takes away from all the good things that we do every day? Shooting first and asking questions later is never the best option. Where’s the value in scoring a few points if it then hurts the market’s reputation universally?
by Ralph Savage New research has accused insurers of becoming stricter on paying claims in the economic downturn. According to the British Insurance Brokers’ Association (BIBA), 90% of insurance brokers … Continue reading
The recent announcement by the FSA that it was to consult the market on proposed changes to the way the FSCS levy is administered has caused plenty of gnashing of … Continue reading
If I was a broker, I wouldn’t be celebrating just yet – these conflicting statements do little more than make it clear that anything could come out of this review. The market is not out of the woods yet so I’d advise brokers to put away the party hats for now.
Insurance broker fears they may be caught by draconian regulations were eased today, after a European Commissioner suggested they could be set for reprieve.
INSURERS UNABLE TO offer cover because of age restrictions will have to direct the applicant towards an appropriate provider, according to new rules announced today. In a speech to the … Continue reading
The insurance industry is currently basking on a scandal-free beach while banks lap up all of the controversy, but it won’t take much to direct the gaze of the Daily Mail towards it if a single firm – and an Irish one at that – is found to have upset a single one of its readers, I mean how much ammunition does that paper need?