http://www.out-law.com/en/ Latest legal news on insurance from OUT-LAW.COM, part of international law firm Pinsent Masons en-gb Pinsent Masons LLP Wed, 19 Jun 2013 19:31:04 +0100 http://www.out-law.com/en/articles/2013/june/cyber-security-risks-present-threat-to-uk-financial-system-say-growing-number-of-companies/ http://www.out-law.com/en/articles/2013/june/cyber-security-risks-present-threat-to-uk-financial-system-say-growing-number-of-companies/ Insurance A growing number of companies in the financial services sector are expressing concern about risks to cyber security, according to a Bank of England (BoE) survey. Tue, 18 Jun 2013 16:13:00 +0100 http://www.out-law.com/en/articles/2013/june/capital-gains-tax-will-not-be-payable-upon-switch-to-clean-share-classes-says-hmrc/ http://www.out-law.com/en/articles/2013/june/capital-gains-tax-will-not-be-payable-upon-switch-to-clean-share-classes-says-hmrc/ Insurance The act of switching investments from 'dirty' to 'clean' share classes will not trigger liability for the payment of capital gains tax (CGT), HM Revenue & Customs (HMRC) has confirmed. Mon, 17 Jun 2013 10:10:00 +0100 http://www.out-law.com/en/articles/2013/june/insurer-agrees-to-change-contract-terms-after-regulator-deems-them-to-have-been-contradictory/ http://www.out-law.com/en/articles/2013/june/insurer-agrees-to-change-contract-terms-after-regulator-deems-them-to-have-been-contradictory/ Insurance An insurance company has agreed to change the terms of a travel policy it underwrites for Lloyds Banking Group after the regulator said that "contradictory" clauses would confuse consumers about their rights to bring a claim. Fri, 14 Jun 2013 09:58:00 +0100 http://www.out-law.com/en/articles/2013/june/fca-firms-must-address-alarmist-and-misleading-motor-legal-expenses-insurance-promotions/ http://www.out-law.com/en/articles/2013/june/fca-firms-must-address-alarmist-and-misleading-motor-legal-expenses-insurance-promotions/ Insurance Firms that provide motor legal expenses insurance (MLEI) to consumers must take care to provide "clear, appropriate information" to their customers, the financial services regulator has said. Tue, 11 Jun 2013 12:44:00 +0100 http://www.out-law.com/en/articles/2013/may/ilws-must-be-carefully-defined-to-avoid-disputes-says-expert/ http://www.out-law.com/en/articles/2013/may/ilws-must-be-carefully-defined-to-avoid-disputes-says-expert/ Insurance FOCUS: The insurance industry is increasingly turning to industry loss warranties (ILWs) to cover losses caused by catastrophic events, but it is important to recognise that their terms must be carefully considered at the outset if companies are to avoid unforeseen ILW-related disputes.  Tue, 28 May 2013 08:00:00 +0100 http://www.out-law.com/en/articles/2013/may/government-to-unveil-a-strategy-to-drive-growth-in-uk-insurance-sector/ http://www.out-law.com/en/articles/2013/may/government-to-unveil-a-strategy-to-drive-growth-in-uk-insurance-sector/ Insurance The Government is to publish a new strategy designed to boost the UK's insurance sector. Thu, 23 May 2013 08:00:00 +0100 http://www.out-law.com/en/articles/2013/may/irish-privacy-watchdog-highlights-concerns-over-public-sector-data-sharing/ http://www.out-law.com/en/articles/2013/may/irish-privacy-watchdog-highlights-concerns-over-public-sector-data-sharing/ Insurance Ireland's data protection watchdog has outlined concerns over the governance of data sharing practices in the country's public sector. Wed, 22 May 2013 12:09:00 +0100 http://www.out-law.com/en/articles/2013/may/insurers-extend-temporary-flood-insurance-cover-agreement-as-government-talks-continue/ http://www.out-law.com/en/articles/2013/may/insurers-extend-temporary-flood-insurance-cover-agreement-as-government-talks-continue/ Insurance Insurers will continue to offer flood insurance cover to existing customers whose policies are up for renewal in July as discussions remain ongoing with Government over how to address the growing cost of providing such cover to the industry. Mon, 20 May 2013 16:16:00 +0100 http://www.out-law.com/en/articles/2013/may/d2c-platforms-blurring-investment-guidance-and-advice-need-regulatory-clarity-says-axa/ http://www.out-law.com/en/articles/2013/may/d2c-platforms-blurring-investment-guidance-and-advice-need-regulatory-clarity-says-axa/ Insurance Some direct-to-consumer (D2C) platforms are "blurring" the concepts of investment guidance and investment advice, AXA has said. Wed, 15 May 2013 16:29:00 +0100 http://www.out-law.com/en/articles/2013/may/platforms-can-mitigate-costs-from-transfer-to-clean-share-class-products-says-expert/ http://www.out-law.com/en/articles/2013/may/platforms-can-mitigate-costs-from-transfer-to-clean-share-class-products-says-expert/ Insurance Platforms may not want to rush to transfer clients' existing investments to clean share classes, an expert has said. Thu, 09 May 2013 11:05:00 +0100