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Insurance Regulation

FCA Update on Business Interruption Claims: Crucial Wording Identified

1 June 2020 alastair walker 0

Here’s the latest statement from the FCA on the tricky issue of refused business interruption claims. As the Mishcon de Reya lawsuits rumble on, we bring the official FCA word – plus industry reaction as […]

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Legal

Flaxmans Takes a Look at Insurance After Corona – Questions Over Trust?

26 May 2020 alastair walker 0

Flaxmans in their latest Covid 19 Bulletin to the Broker Community examine why customer expectation ultimately determines the trust of the public in insurance and highlight why that fragile trust has been eroded yet again […]

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Insurance Regulation

FCA Wants Definitive Judgement on Business Interruption Cover Issue

1 May 2020 alastair walker 0

The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption (BI) insurance to resolve doubt for businesses who are facing uncertainty on their claims. The move comes after an […]

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News

Volunteering For The NHS? You DON’T Have to Notify Your Car Insurer

27 March 2020 alastair walker 0

NHS Volunteer Responders and others who are volunteering to help their communities during the coronavirus outbreak do not need to contact their insurer to update their documents or extend their cover, the ABI (Association of British Insurers) […]

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Insurance Regulation

India: IRDAI Stands Firm on Corona Claims – Insurers MUST Pay Up

26 March 2020 alastair walker 0

India’s insurers are braced to expect a raft of claims as Coronvirus sweeps across the country, and the regulator IRDAI insists that healthcare and hospital claims WILL be met for all COVID-19 sufferers. At present […]

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Insurance Regulation

FCA Takes Action Against Rix Motor Company – Again

18 February 2020 alastair walker 0

The Financial Conduct Authority (FCA) has banned a number of online adverts issued by Warrington based, Rix Motor Company Ltd (Rix). As more people choose to lease cars rather than buy them outright, the matter […]

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Opinion

Motor: TRL Calls For Improved Access to Event Data Recorder Devices

31 January 2020 alastair walker 0

The global centre for innovation in transport, TRL, is calling for an update to UK and EU laws governing the accessibility of vehicle Event Data Recorder (EDR) evidence. TRL believe EDR data must be made […]

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Insurance Regulation

Regulatory: FCA Changes Rules on Car Dealer Finance Commission

15 October 2019 alastair walker 0

The Financial Conduct Authority (FCA) has today announced plans to ban the way in which some car retailers, and other brokers in the motor finance sector, receive commission. Currently, some motor finance brokers receive commission […]

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