UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis March 21, 2025 By Polina Devitt and Eric Onstad Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three...
Odey Banned From UK Financial Services Industry for ‘Lack of Integrity’ March 19, 2025 By Jonathan Browning Crispin Odey was fined £1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard”...
Liberty Mutual’s Angle on $4.7M Refund Differs Slightly from Florida Regulators’ June 13, 2024 By William Rabb Liberty Mutual Insurance this week should complete $5.2 million in refunds, premium credits and interest payments to more than 46,000...
MS Amlin Underwriting Fined $11 Million for Risk Management Failings October 20, 2022 The Bank of England said on Thursday it had fined insurer MS Amlin Underwriting Ltd (MSAUL) 9.695 million pounds ($10.84...
UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First July 27, 2022 By William Shaw Financial firms may be fined and stripped of their regulatory authorization unless they put their customers’ needs first under far-reaching...
Financial Conduct Authority Fines JLT Specialty £7.8 million June 23, 2022 The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime...
Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M November 19, 2021 Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73...
UK Watchdog’s Fines Against Insurers, Banks Drop by 75% in 2018 December 28, 2018 By Kaye Wiggins The total value of fines handed out by the U.K.’s Financial Conduct Authority fell by almost 75 percent in 2018,...
Illinois Market Conduct Exams Bring $10M in Fines February 11, 2013 Illinois Department of Insurance (DOI) Director Andrew Boron has announced that more than $10.3 million in market conduct fines was...