The recently released report by the Insurance Brokers Code Compliance Committee (IBCCC) has shed light on critical deficiencies in the disclosure and communication practices among insurance brokers, highlighting a pressing need for improvements in these areas. The report identified a worrying
In the aftermath of the Global Financial Crisis (GFC), regulatory frameworks like the Dodd-Frank Act were instituted to ensure financial stability and prevent systemic risks posed by large financial institutions. Central to these efforts was the Financial Stability Oversight Council (FSOC), tasked
The Nonprofits Insurance Alliance of California Inc. (NIA) has made a significant decision to halt the renewal of specific insurance coverages for foster family agencies (FFAs) in California. This decision directly responds to new state legislation, Assembly Bill 2496, signed by Governor Gavin
The U.K.’s insurance market is facing scrutiny from the Financial Conduct Authority (FCA) over concerns that its current state may be failing to protect consumer interests. This article explores the intricacies of the issues at hand, including the role of commission structures, potential
Kyrgyzstan is set to enforce new legislation that mandates compulsory insurance for both cars and homes starting September 2024, marking a significant shift in the country’s approach to managing liability and property risks. This new law requires vehicle owners to present a valid compulsory civil
Howden, a leading UK insurance intermediary, recently announced a strategic alliance with FullCircl, a B2B software-as-a-service (SaaS) company. This multi-year partnership aims to integrate FullCircl’s SmartBroker solution into the Acturis platform extensively used by Howden. This integration is
