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Latest News Category: Regulatory Updates

What Type of Customer Are You?1 August 2017

Each one of our clients is different. Different aims, purpose, activities and situations make each organisation unique. But when it comes to insurance the Financial Services Authority (FCA) have only two classifications: ‘retail’ or ‘commercial customer’.

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Government Change puts Organisations at Risk29 June 2017

A recent change by the Government in the way liability injury claim payments are calculated means all organisations need to urgently review their liability insurance limits. Many organisations will find this change renders their current limits inadequate.

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Insurance Premium Tax Increase24 November 2016

A further rise in the rate of standard UK Insurance Premium Tax (IPT) was announced yesterday by Chancellor Philip Hammond in

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The Insurance Act 20158 August 2016

The Insurance Act comes into effect on 12th August 2016 and affects all commercial insurance policies governed by UK law. The Act is designed to shift the power imbalance from insurers to the insured. Introducing a new ‘duty of fair presentation’ the Act requires insureds to capture more knowledge from more people in their organisations.

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