Former AIG claims handler jailed for fraud
James Beaver was sentenced to two years in prison for the fraud he carried out while working as a claims handler at AIG and following his dismissal
Browsing: Regulation
FCA accuses general insurers of continuing to fail customers
A series of investigations into general insurance, particularly the distribution chain and delegated authority arrangements, has resulted in a new report from the FCA that accuses insures of failing to improve manufacturing, sales and distribution approaches
NHS Resolution data dive and mediation dominate discussion at Clinical Negligence Debate
NHS Resolution will continue to collect data and amass a level of granularity that will allow it to carry out a ‘deep dive’ of the information and discover the main causes of claims, attendees heard at the Clinical Negligence Debate
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
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