All articles by Matt Scott – Page 9
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Cap on credit hire charges in doubt
The Competition and Markets Authority does not have the power to cap charges recoverable through court
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Online onlyGibraltar-based Southern Rock directors step down after regulatory probe
Two recent directors, chief executive Arron Banks and Admiral director Alan Kentish, step down
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Online onlySouthern Rock to sue Gibraltar regulator
Chief executive Arron Banks claims the Gibraltarian Financial Services Commission put undue pressure on PwC when commissioning an independent report into reserving issues
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'Crash for cash' conman jailed for 12 months
Insurer LV= proved the £250,000 claim was fraudulent
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General insurance accounts for 74% of complaints referred to the FOS
Car and motorcycle insurance is the most complained about general insurance product, excluding PPI
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FCA directors not paid bonuses as remuneration falls
But chief executive Martin Wheatley still took home £610,000
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News
ABI calls for clarity in dual pricing
The trade body has written to the FCA, asking for new regulation around insurance renewals
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Online onlyThe demise of non-comprehensive motor insurance
Why are fewer people buying third party cover for their cars?
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FSCS pays out £0.5m for failed insurer Millburn
Compensation scheme has so far dealt with 600 claims
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FSCS: insurer claims rise by a third
Increase in noise induced hearing loss claims blamed for rise
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Online onlyHow will the ban on aggregator pricing restrictions benefit the industry?
Insurance Times investigates how the ban on most favoured nation clauses will improve the service price comparison websites offer insurers
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Solicitors accused of ‘playing the system’ with psychological harm claims
Transport Select Committee investigation finds psychological claims being made even if they are not in the claimant’s interest
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MPs criticise insurers for paying whiplash claims without medical evidence
Transport Select Committee also calls for deadline for making a whiplash claim to be cut
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CMA probe: credit hire volumes could increase
Credit hire organisations could be incentivised to take on more split liability cases as a result of the proposed CMA remedies
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GoCompare confirms backing for MyLicence initiative
Project now has more than 50 companies signed up to verify driving details at point-of-quote
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Online onlyAggregators warming to MyLicence initiative
But cost of the project to verify driving information at point-of-quote could surge if price comparison websites fail to get on board
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Cyber insurance set for 'significant rush to market' - Marsh
But 57% of businesses do not understand the benefits of purchasing cyber cover
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Wunelli looks to motor manufacturers as future of telematics
Telematics firm is also launching smartphone app with parent company LexisNexis in the US
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Online onlyCMA probe: Has enough been done to drive down motor claims costs?
The industry has welcomed measures to cut the price of credit hire, but subrogated repair costs could continue to damage the market
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Online onlyBriefing: Why the ban on aggregator pricing restrictions is good news for the industry
The CMA has moved to ban most favoured nation clauses in a move that should see better commission rates and an improved service from the aggregators
