A racecourse business shuttered during the COVID-19 pandemic on Tuesday lost its case that £2.5 million ($3.4 million) insurance limits applied to every canceled race, with a London court ruling that each event was not a separate point of loss.
A racecourse business shuttered during the COVID-19 pandemic on Tuesday lost its case that £2.5 million ($3.4 million) insurance limits applied to every canceled race, with a London court ruling that each event was not a separate point of loss.
The City watchdog on Tuesday warned U.K. insurers over delays in paying claims and high rejection rates, as consumer groups called for enforcement action.
Britain's politicians must redraw the legal framework for liability over new autonomous aviation technology, a trade group for underwriters said on Tuesday, adding that a "clear and enforceable" regulatory regime will help insurers support the emerging sector.
A London court tossed claims Tuesday that DWF Law LLP broke data protection laws when it analyzed and shared health information from three former personal injury claimants in a bid to expose alleged fraud patterns in road traffic accident cases.
The government has confirmed that it is pushing ahead with plans to apply inheritance tax to wealth transferred through pensions in a move that experts say marks a "seismic" change for the sector.
Andrew Bailey told a cross-party group of lawmakers Tuesday that he would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.
The National Crime Agency has called for financial services companies to share data with law enforcers to improve identification of illicit cryptocurrency activity as it seeks to combat the estimated £100 billion ($135 billion) laundered in the country every year.
Specialist insurance market Lloyd's of London has "in principle" given the green light for the operation of the Atradius Syndicate 1864, a new underwriting platform of the credit insurer.
Pension insurer Just Group has taken on £4 million ($5.4 million) worth of retirement savings liabilities from a scheme linked to a Christian church, in a deal put together by pensions consultancy K3 Advisory and guided by law firm JMW Solicitors.
