Insurance claims

Recycling Company Fined Over £2m After Fatal Accident

The latest case report from the HSE; A recycling company has been fined £2.15million after an agency worker was killed by a loading shovel at its site in Hartlepool. Dean Atkinson lost his life when […]

Insurance Regulation

Big Fines in 2023 For GDPR & Data Compliance Breaches

As we approach the end of 2023, it’s worth taking note of the substantial fines levied for GDPR breaches throughout the year. Vivek Dodd, CEO of Skillcast, a corporate compliance training service, has provided his thoughts, […]

Insurance Regulation

$5.6bn Worth of Compliance Fines Levied Each Quarter, Says Corlytics

Some regulatory stats and insights from Corlytics; Corlytics, ​one of the market leader​s in regulatory risk intelligence and regulatory compliance management, has released a global enforcement fines report for the third quarter of 2023. The enforcement activities have […]

Insurance Regulation

FCA Fines Equifax £11.1m For Data Breach

Ouch, that is a huge data breach fine for Equifax. Here’s the word; The Financial Conduct Authority (FCA) has fined Equifax Ltd (Equifax) £11,164,400 for failing to manage and monitor the security of UK consumer data […]

Insurance Brokers

Large Fines For CFP Directors Over Pension Transfer Advice

Latest case report from the FCA; The Financial Conduct Authority (FCA) has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. This risked people receiving unsuitable advice […]

Insurance Regulation

FCA Fines Bastion Capital £2.4m. Company Is Liquidated Though

Latest from the FCA; The Financial Conduct Authority (FCA) has fined Bastion Capital London Limited (in liquidation) £2,452,700 for serious financial crime control failings in relation to cum-ex trading. (No, that isn’t a typo – […]