FCA Warns Insurance Bosses Over COVID-19 Claims

Law360, London (November 24, 2020, 4:10 PM GMT) — The Financial Conduct Authority said it will hold senior bosses of Lloyd’s of London insurers directly to account if it finds evidence that customers with claims from the pandemic have been treated unfairly. 

The FCA said in a so-called Dear CEO letter on Monday that it is examining how insurers in the London market are handling claims from current policies and run-off business.

The City watchdog said it will use its powers under the Senior Managers and Certification Regime to target bosses directly if it finds evidence that customers have been treated unfairly.

“Lack of effective governance and oversight may lead…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Source Article