Third party rights of direct action against insurers due to come into force

New rights for third parties to bring direct actions against insurers in the event that an insured party against which they have a claim becomes insolvent will come into force on 1 August 2016.

FCA: insurers' lack of oversight of appointed representatives 'risks consumer detriment'

The Financial Conduct Authority (FCA) has taken action against a number of UK insurance firms after finding evidence of "potential mis-selling and customer detriment" by their third party 'appointed representatives'.

Supreme Court: 'collateral' lies not necessarily fatal to insurance claim

Insurers may wish to make changes to their contracts following the UK Supreme Court's decision to uphold a €3.2 million claim by the owner of a damaged dredging vessel who lied in support of that claim, an expert has said.

Anti-money laundering rules no barrier to wholly digital ID verification, says Woolard

Anti-money laundering and 'know your customer' regulations are no barrier to verifying the identity of customers via wholly digital processes, a senior executive at the UK's Financial Conduct Authority (FCA) has said.

Court of Appeal: lender entitled to recover full refinancing loan in negligent property valuation case

A lender was entitled to recover the full amount of a refinancing loan it granted after relying on a negligent property valuation, and not just the 'top-up' funding, the Court of Appeal has ruled.

BREXIT: EU exit could result in changes to competition law enforcement against insurers, say experts

FOCUS: UK insurers could face uncertainty under competition law enforcement following a UK exit from the EU, but also potential opportunities.