First4Lawyers: FCA oversight bodes well for CMCs of all sizes
Qamar Anwar of First4Lawyers looks ahead to the FCA taking over the regulation of CMCs
Browsing: Regulation
Civil Liability Bill passes into law
The Civil Liability Bill has finally been signed into law. The whiplash reform legislation received royal assent today, following the completion of its journey through Parliament in November
FCA issues new rules for CMCs ahead of regulation next year
The Financial Conduct Authority (FCA) has published a new set of rules and fees that will apply to all claims management companies (CMCs) when it takes over their regulation in April 2019
MoJ launches discount rate consultation
The Ministry of Justice is seeking evidence and opinions on how the personal injury discount rate should be set following passage of the Civil Liability Bill into law
PI claims management company boss jailed for fraud
The boss of a failing personal injury claims management company who plundered its accounts as it was being wound up has been sentenced to 21 months in prison
Davies continues acquisition spree with Veriphy deal
Davies Group has acquired Veriphy, a know-your-customer and anti-money laundering compliance solutions business
FCA slaps Liberty with £5.2 million fine
The Financial Conduct Authority (FCA) has levied a £5.2 million at Liberty Mutual Insurance Europe for failures in its oversight of mobile phone insurance claims and complaints handling
Civil Liability Bill will mean ‘more reasonable’ pricing
The Civil Liability Bill, in its current format, will enable insurance companies to be more competitive and to deliver the services that the driving public needs, at more reasonable costs for all drivers, according to First Central Group chief claims officer Jonathan Guy
Civil Liability Bill amendments tweak rather than rework
Several amendments to the Civil Liability Bill were proposed as the House of Commons revisited the legislation on Tuesday
Civil Liability Bill suffers from ‘flaws in logic’
Writing for the ERS website as the Civil Liability Bill returned to the House of Commons, Barker pinpointed two “fundamental flaws in the logic” behind the whiplash portion of this legislation—that making it more difficult to bring personal injury claims will reduce their number.