The Word, February 2024
27 February 2024
In February’s bumper edition of The Word we consider a wide variety of topics, from the escalating situation in the Suez canal to the recent disruption of a major cyber crime organisation by international law enforcement. We also look at the FCA’s monitoring of car insurance premiums, the need for annual assessments of compliance with the Consumer Duty and the pausing in the sale of GAP insurance.
In legislative developments, we look at the recent debates on the Automated Vehicles Bill and the Welsh Government’s draft regulations for acupuncture, body piercing, electrolysis and tattooing. Further, in the pet insurance sector, we consider the Financial Ombudsman Service’s instructions to improve communication strategies. Finally, in environmental matters, we take a dive into how parametric policies are insuring flood associated risks and the introduction of the mandatory requirements for developers to deliver on Biodiversity Net Gain.
We hope that you find this edition an insightful read.
Tim Johnson.
Contents
- Update: Further debates on the Automated Vehicles Bill in the House of Lords this month
- Insurance and the escalating situation in Suez Canal
- Welsh Government inks new regulations for Acupuncture, Body piercing, Electrolysis and Tattooing
- The regulators’ pet project
- Biodiversity Net Gain: A new landscape for restoration clauses
- FCA writes to MPs over car insurance premiums. What do increases mean for fraud?
- 80% of GAP market pause sales amid Consumer Duty concerns
- Parametric flood policies - Insurers no longer in uncharted waters?
- LockBit unlocked: International taskforce takes down major cyber criminal organisation
Key contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
Contact Tim
Meet the team
Tim Johnson
Partner
Joanna Wallens
Associate
Lauren Wilkinson
Legal Assistant
Molly Jeffs
Insurance Wording Technician
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Thomas Gibby
Senior Associate
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