UK Insurers Warned They Could Face Regulatory Action Over Car, Home Policies August 25, 2021 By Huw Jones LONDON – Insurers in Britain that are not ready to implement tougher “value for money” rules on car and home...
Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First August 25, 2021 By James Harrison COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...
Google Vows to Target Online Financial Scams in Britain June 30, 2021 Google will clamp down on financial fraud on its platform in Britain, saying on Wednesday that all financial services will...
Britain’s Financial Regulator Opens Investigation Into Greensill Collapse May 11, 2021 By Huw Jones Britain’s Financial Conduct Authority said on Tuesday it was formally investigating the UK operations of collapsed supply chain finance company...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims January 15, 2021 By L.S. Howard Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims January 15, 2021 By Kirstin Ridley and Carolyn Cohn Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts...
UK Supreme Court to Provide Judgment on Business Interruption Appeal on Jan. 15 January 12, 2021 The UK Supreme Court will on Friday hand down a judgment in a test case pitting the country’s markets regulator...
COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms January 7, 2021 By Silla Brush Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the...
Judgment in UK COVID Business Interruption Appeal Will Be Handed Down in January December 18, 2020 By Carolyn Cohn LONDON – There will be no judgment in an appeal over business interruption insurance this year, Britain’s markets watchdog said...