This just in from ACSO, which notes that some pandemic measures, such as paying claims via BACS not cheques, are staying in place; The Association of Consumer Support Organisations (ACSO) and the Association of British […]
Latest update from the FSCS; Gefion Insurance A/S (“Gefion”), a Denmark-based insurance company entered into insolvency proceedings on 7th June 2021. It is no longer paying claims. The FSCS declared the firm failed (in default) […]
As expected, the FCA is implementing a package of remedies to improve competition and protect home and motor insurance customers from loyalty penalties – so called `price walking.’ This includes new rules so that renewal […]
Professor Ciaran Martin told the The Guardian last week that he feels ransomware is `close to getting out of control,’ and that UK insurers are inadvertently funding organised crime by paying out on ransomware claims. […]
The word from Hiscox after last Friday’s judgement; UPDATED: Extra comment by Seth Rachlin, Global Insurance Industry Leader, at Capgemini, has just been added below the Hiscox info. UPDATED 19.01.2021 – Extra comment from Flaxmans […]
With one week to go until the end of the Brexit transition period, the Financial Conduct Authority (FCA) is urging financial services companies to ensure they are ready. Customers should also be aware of any […]
The latest from the FCA; The FCA has today publicly censured Aviva plc for making an announcement that had the potential to mislead the market. The announcement on 8 March 2018 (the Announcement) concerned Aviva’s […]
It has been a tough pandemic for lots of businesses, especially those in the hospitality sector. So when insurers refused to pay on Business Interruption, there was always going to be legal action. Here’s the […]
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