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In an interview with Bloomberg, Chaucer’s chief executive officer Bob Stuchbery has indicated that Chaucer will consider redomiciliation out of the UK this year, noting that he would much prefer that Chaucer remained in the UK under a more competitive corporation tax environment. 

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Read More Chaucer Latest Lloyd’s Entity to Consider New Domicile

The Financial Services Authority (FSA) has recently published the results of an independent review of firms’ compliance with its financial promotions requirements (the Review). The Review examined a sample of press, magazine and internet promotions. 

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Read More UK: The Financial Services Authority Publishes Independent Review of Financial Promotions Compliance

Insurers may see increased exposure on employers’ liability policies in 2010, particularly related to noise-related personal injuries, as the effects of the so-called textile deafness test litigation are felt in the industry. …
Read More UK: Insurers Face More Noise-Induced Hearing Loss Claims Following Court of Appeal Decision

The good practice guidance, called “Ensuring Positive Customer Experiences of Buying Insurance Online“, sets out high-level standards for insurance comparison websites, insurers and brokers selling general insurance, such as motor and home insurance, online. The guidance is in response to concerns that consumers have not always understood the terms of their insurance cover when buying policies online. 

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Read More UK: The Association of British Insurers Publishes Good Practice Guidance for the Online Sale of Insurance Policies

The Scottish Court has upheld legislation that maintains the right to compensation for pleural plaques sufferers in Scotland. In 2007, the House of Lords ruled that pleural plaques sufferers had no legal right to compensation as the “damage” was insufficient to be actionable in English law. 

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Read More UK: Scottish Court Rejects Insurers’ Challenge Over Compensation for Pleural Plaques

On 28 December 2009, the Provision of Services Regulations 2009 (SI 2009/2999) (the Regulations) came into force. The Regulations govern, amongst other things, the information that service providers must give to clients and customers in the EU (for example, information on any registration or authorisation that the service provider holds) so as to ensure that they are able to make an informed decision when considering whether to use the service provider. 

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Read More UK: Provision of Services Regulations 2009 Now in Force