Insurance Regulation

Nationwide Fined £44m by FCA on Potential Money Laundering Errors

The latest from the FCA for you; The FCA has fined Nationwide Building Society £44m for inadequate anti-financial crime systems and controls between October 2016 to July 2021. During this period, Nationwide had ineffective systems […]

Legal

Some Interesting Appeal Court Decisions This Week on Covid Claims

It’s going to be a big week in the Court of Appeal for major insurers, here’s the word; The Court of Appeal will soon consider key outstanding points in the ongoing Covid-19 business interruption litigation: […]

Insurance claims

Covid19 Business Cover Claims: Judgment Offers Mixed Results

Case report on a Covid19 claim; The Commercial Court has handed down judgment in the latest Covid-19 business interruption insurance test case (“LMIE Test Cases”). The judgment produced mixed results, but crucially for policyholders, Mr […]

News

Has The Pandemic Dystopia Made UK Roads an Angry Network?

IE only asks the question because today’s crumbling roads infrastructure, plus more spy/parking/ULEZ revenue cameras, have put drivers under more financial pressure. Then there’s the isolation experience post-Covid: Many people were told repeatedly to keep […]

UK Insurance Trends

Life, Pensions & Illness: Time For a Great Reset?

The latest update to the CMI Mortality Projections Model for 2022 make interesting reading for anyone working in Life and critical illness insurance. The impact of the pandemic and the vaccine rollout is plain to […]

Insurance claims

L&G Pays Out Record £883m on Retail Protection Claims

Legal & General paid out an average of over £2.4m retail protection claims a day in 2022, providing £883 million to 17,768 claims across life insurance, income protection and critical/terminal illness products. This represents an […]

Opinion

Fraud: It’s The Best of Times And The Worst of Times

Straight talking from the Editor’s keyboard; It’s no secret that fraud has expanded as the UK goes digital, plus the pandemic support packages of grants and loans also brought out fraudsters keen to manipulate company […]