Protection

Single premium payment protection insurance policies are bad value and should be outlawed as part of a clean up of the PPI industry, according to the British Insurance Broker's Association (BIBA).

Consumers are still uncertain of the circumstances when a critical illness policy pays out, suggests new claims data from Scottish Widows.

The government intends to implement new workplace measures, as part of its Welfare Reform proposals, aimed at getting older people back into work and reducing the risk of stress-related illnesses.

Lawlords are considering a review of insurance contract law to assess whether non-disclosure rules should be tightened in favour of the policyholder and whether the legal onus should be on insurers to "ask questions".

Thousands of intermediaries and hundreds of insurers may have to rewrite their Terms of Business Agreements (TOBAs) because of a lack of clarity from the Financial Services Authority (FSA) over client money rules, a City law firm has warned.

New player City Connexions is embarking on an aggressive product launch cycle through 2006, starting next month with term life for the sub-prime market, a three-year single premium MPPI product, and a buildings and contents offer.

Virgin Money has unveiled a new type of limited condition critical illness insurance targeted as individuals seeking financial protection in the event of cancer.

Regulation

Bright Grey is encouraging advisers to register now for the launch of its new extranet in January designed to enable them to get full online quotes as well as apply online.

Rate war