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16-30 of 102 results
GEICO agrees to settle deceptive automobile insurance rate quote charges
By IBR Staff Writer
GEICO, a subsidiary of Berkshire Hathaway, has agreed to pay $6m to settle the Consumer Federation of California (CFC) complaint related to the violation of civil rights and insurance law.
Regulatory & Risk > News
FCA launches probe into Quindell’s alleged accounting irregularities
The UK Financial Conduct Authority (FCA) has launched an investigation into the insurance technology and claims management group, Quindell, over alleged accounting irregularities.
Regulatory & Risk > News
UK FCA fines Clydesdale Bank £20.7m for PPI failings
By IBR Staff Writer
UK’s Financial Conduct Authority (FCA) has imposed a £20.7m fine on Scotland’s Clydesdale Bank for serious failings in its Payment Protection Insurance (PPI) complaint handling processes between May 2011 and July 2013.
Regulatory & Risk > News
UK FCA fines Swinton’s former executives over mis-selling add-on insurance policies
By IBR Staff Writer
The UK’s Financial Conduct Authority (FCA) has imposed a £928,000 fine on three former senior executives of Swinton Group for mis-selling add-on insurance policies.
Regulatory & Risk > News
New York's insurance regulator begins investigation on indexed universal life products
By IBR Staff Writer
The insurance regulator of New York has reportedly commenced investigation on the sales of indexed universal life insurance products in the US.
Regulatory & Risk > News
Philippines central bank permits banks to sell life insurance
By IBR Staff Writer
The Bangko Sentral ng Pilipinas, the central bank of Philippines, has granted permission to lenders to sell life insurance policies as part of their day-to-day transactions.
Regulatory & Risk > News
Hong Kong's insurance authority prohibits indemnity commissions
By IBR Staff Writer
The Office of the Commissioner of Insurance, Hong Kong's insurance authority, has reportedly imposed a ban on charging upfront commission payments on long-term policies, as part of its strategy to control fraudulent sales practices.
Regulatory & Risk > News
Markel applies for Dubai insurance licence
By IBR Staff Writer
Markel International, the specialist insurer, has applied to the Dubai Financial Services Authority (DFSA) to establish a company to operate within the Dubai International Financial Centre (DIFC).
Regulatory & Risk > News
India's Cabinet approves 49% FDI in insurance
By IBR Staff Writer
The Indian Cabinet has approved increasing the foreign direct investment (FDI) in the insurance sector to 49% from the current level of 26%, meeting long pending demand of the industry to open up the sector to spur growth.
Regulatory & Risk > News
IRDA may permit five-year policies to simplify motor insurance renewals
By IBR Staff Writer
The Insurance Regulatory and Development Authority (IRDA) is reportedly considering to grant permissions for a five-year insurance cover to simplify renewal process for commercial vehicles.
Regulatory & Risk > News
ABI requests FCA to issue guidelines for information on insurance renewals
By IBR Staff Writer
The Association of British Insurers (ABI) has requested the Financial Conduct Authority (FCA) to issue guidelines prescribing a minimum standard of information to be provided to customers at the time of motor or home insurance policy renewals.
Regulatory & Risk > News
British insurers criticize EU's insurance Solvency II regulation
By IBR Staff Writer
Most of the UK's insurance companies have criticized the European Union's (EU) impending Solvency II for insurers, saying that the new capital rule will increase their financial burden.
Regulatory & Risk > News
Outlaw insurance payouts for whiplash injury before medical exams, urge MPs
By IBR Staff Writer
Members of Parliament (MPs) have urged to outlaw insurance payouts for whiplash injury before medical exams.
Regulatory & Risk > News
UK CMA proposes changes in PMI market
By IBR Staff Writer
The UK Competition and Markets Authority (CMA) has proposed the chnages it seeks to make in the country's private motor insurance (PMI) market, as part of its strategy to boost competition and slash motor insurance premiums.
Regulatory & Risk > News
India's IRDA to unveil insurance repository pilot for life insurers
By IBR Staff Writer
The Insurance Regulatory and Development Authority (IRDA) of India will launch a pilot on life insurance repository (IR) system, as it gears to digitalization of life insurance industry in the country.
Regulatory & Risk > News
16-30 of 102 results